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Continental currency was authorized on May 10, 1775 in a session of the Continental Congress and became the first federally issued paper money, predating the official birth of the United States by more than a full year. Continental currency is particularly historic because its issuance helped finance the American Revolution, which spanned from 1775 through 1783 and secured the United States as an independent nation. The notes were styled after Pennsylvania notes in use at that time and printed by Hall and Sellers in Philadelphia on thick rag paper with mica flakes and blue fibers manufactured by Ivy Mills in nearby Chester, Pennsylvania. The notes, which did not bear interest, were promises to pay the bearer and circulated alongside colonial paper currency issued by the individual colonies. While the notes promised payment to their bearers and were redeemed with the taxes collected by the individual colonies, the notes became virtually worthless after runaway inflation set in, causing many in the public to lose confidence in paper currency, giving rise to the phrase not worth a Continental. The dramatic devaluation of Continental currency did little to instill public confidence in paper currency, which the United States would not print again until the start of the Civil War in 1861.
Catalog Information
GSID:
65390
Variety:
Continental Congress
Variety 2:
Baltimore
Coin Date:
Feb 26, 1777
Denomination:
$2
PCGS #:
CC55
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Subject: I would like to contribute catalog info to CDN for Feb 26, 1777 $2 Continental Congress, Baltimore (Fr. CC55)
Body: Referring page: http://www.greysheet.com/prices/item/continental-congress-february-26-1777-two-dollars-baltimore-friedberg-cc55/gsid/65390 GSID: 65390 Title: Feb 26, 1777 $2 Continental Congress, Baltimore (Fr. CC55)
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Bank Note Value History
Feb 26, 1777 $2 Continental Congress, Baltimore (Fr. CC55)
Value By Grade
Feb 26, 1777 $2 Continental Congress, Baltimore (Fr. CC55)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS66 | $3,750 | $1,234 |
| MS65 | $2,750 | $1,234 |
| MS64 | $1,234 | $1,234 |
| MS60 | $1,234 | $1,234 |
| AU58 | $1,234 | $1,234 |
| AU55 | $1,234 | $1,234 |
| AU53 | $1,234 | $1,234 |
| AU50 | $1,234 | $1,234 |
| XF45 | $1,234 | $1,234 |
| XF40 | $1,234 | $1,234 |
| VF35 | $1,234 | $1,234 |
| VF20 | $1,234 | $1,234 |
| F15 | $1,234 | $1,234 |
| F12 | $1,234 | $1,234 |
| VG8 | $1,234 | $1,234 |
Feb 26, 1777 $3 Continental Congress, Baltimore (Fr. CC56)
Worth: $75 – $2,000
Feb 26, 1777 $4 Continental Congress, Baltimore (Fr. CC57)
Worth: $75 – $3,200
Feb 26, 1777 $5 Continental Congress, Baltimore (Fr. CC58)
Worth: $75 – $2,750
Feb 26, 1777 $6 Continental Congress, Baltimore (Fr. CC59)
Worth: $75 – $10,000
Feb 26, 1777 $7 Continental Congress, Baltimore (Fr. CC60)
Worth: $75 – $2,000
Feb 26, 1777 $8 Continental Congress, Baltimore (Fr. CC61)
Worth: $75 – $1,600
Feb 26, 1777 $30 Continental Currency, Baltimore (Fr. CC62)
Worth: $75 – $5,000
Continental Currency February 26, 1777 $2 PMG Extremely Fine 40. ...
$671
Continental Currency February 26, 1777 $2 PMG Very Fine 30. ...
$525
Continental Currency February 26, 1777 $2 PCGS Banknote Choice Fine 15 Details. ...
$183
Continental Currency February 26, 1777 $2 PMG Very Fine 25....
$288
Continental Currency February 26, 1777 $2 PMG About Uncirculated 55 EPQ....
$2,640
Continental Currency February 26, 1777 $2 PMG Choice Extremely Fine 45. ...
$150
Continental Currency February 26, 1777 $2 PCGS Banknote Choice AU 58 PPQ. ...
$3,600
Continental Currency February 26, 1777 $2 PCGS Apparent Very Fine 35. ...
$109
Continental Currency February 26, 1777 $2 PMG Choice Uncirculated 64. ...
$2,115
Continental Currency February 26, 1777 $2 PCGS Apparent Very Fine 20. ...
$70
CC-55 $2 February 26, 1777 Benjamin Levy Signature
$517
Continental Currency February 26, 1777 $2 PMG Gem Uncirculated 66 EPQ. ...
$3,220
Continental Currency February 26, 1777 $2 PCGS Fine 12. ...
$126
Continental Currency February 26, 1777 $2 PCGS Extremely Fine 40. ...
$300
Continental Currency February 26, 1777 $2 Counterfeit Detector PMG Very Fine 30....
$360
Continental Currency February 26, 1777 $2 PCGS Fine 15. ...
$104
Continental Currency February 26, 1777 $2 PMG Very Fine 25....
$384
Continental Currency February 26, 1777 $2 PMG About Uncirculated 55....
$1,320
Continental Currency February 26, 1777 $2 PMG Choice Extremely Fine 45. ...
$373
Continental Currency February 26, 1777 $2 PCGS Choice About New 58. ...
$1,175
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