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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:
65300
Variety:
Continental Currency
Coin Date:
May 10, 1775
Denomination:
$4
PCGS #:
CC4
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Subject: I would like to contribute catalog info to CDN for May 10, 1775 $4 Continental Currency (Fr. CC4)
Body: Referring page: http://www.greysheet.com/prices/item/continental-currency-may-10-1775-four-dollars-friedberg-cc4/gsid/65300 GSID: 65300 Title: May 10, 1775 $4 Continental Currency (Fr. CC4)
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Bank Note Value History
May 10, 1775 $4 Continental Currency (Fr. CC4)
Value By Grade
May 10, 1775 $4 Continental Currency (Fr. CC4)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS64 | $5,000 | $1,234 |
| MS63 | $3,500 | $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 |
| XF40 | $1,234 | $1,234 |
| VF35 | $1,234 | $1,234 |
| VF30 | $1,234 | $1,234 |
| VF25 | $1,234 | $1,234 |
| VF20 | $1,234 | $1,234 |
| F12 | $1,234 | $1,234 |
| VG8 | $1,234 | $1,234 |
May 10, 1775 $1 Continental Currency (Fr. CC1)
Worth: $120 – $5,000
May 10, 1775 $2 Continental Currency (Fr. CC2)
Worth: $100 – $3,000
May 10, 1775 $3 Continental Currency (Fr. CC3)
Worth: $100 – $8,000
May 10, 1775 $5 Continental Currency (Fr. CC5)
Worth: $100 – $2,000
May 10, 1775 $6 Continental Currency (Fr. CC6)
Worth: $100 – $2,050
May 10, 1775 $7 Continental Currency (Fr. CC7)
Worth: $100 – $3,800
May 10, 1775 $8 Continental Currency (Fr. CC8)
Worth: $100 – $1,750
May 10, 1775 $20 Continental Currency, Marbled Edge (Fr. CC9)
Worth: $1,600 – $155,000
May 10, 1775 $30 Continental Currency (Fr. CC10)
Worth: $100 – $3,000
Continental Currency May 10, 1775 $4 PMG Choice Very Fine 35. ...
$512
Continental Currency May 10, 1775 $4 PCGS Banknote Very Fine 30. ...
$390
Continental Currency May 10, 1775 $4 PCGS Banknote Choice Fine 15. ...
$305
Continental Currency May 10, 1775 $4 PMG Very Fine 25....
$336
Continental Currency May 10, 1775 $4 PMG Choice Uncirculated 63 EPQ....
$2,400
Continental Currency May 10, 1775 $4 PMG About Uncirculated 53 EPQ....
$1,320
Continental Currency May 10, 1775 $4 PMG Choice About Unc 58....
$1,680
Continental Currency May 10, 1775 $4 PMG Choice Extremely Fine 45....
$552
Continental Currency May 10, 1775 $4 PMG Extremely Fine 40....
$780
Continental Currency May 10, 1775 $4 PMG About Uncirculated 50....
$660
Continental Currency May 10, 1775 $4 PMG About Uncirculated 55 EPQ. ...
$750
CC-4. Continental Currency. May 10, 1775. $4. Very Fine.
$192
CC-4. Continental Currency. May 10, 1775. $4. PMG Very Fine 20.
$156
Continental Currency May 10, 1775 $4 PCGS New 61. ...
$720
Continental Currency May 10, 1775 $4 PCGS Very Choice New 64. ...
$3,995
CC-4. Continental Currency. May 10, 1775. $4. PCGS Banknote Choice Very Fine 35.
$415
Continental Currency May 10, 1775 $4 PMG Very Fine 30....
$384
Continental Currency May 10, 1775 $4 PMG Choice Fine 15. ...
$80
Continental Currency May 10, 1775 $4 PMG Very Fine 25. ...
$240
Continental Currency May 10, 1775 $4 PMG Choice Uncirculated 63 EPQ. ...
$2,880
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