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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:
65371
Variety:
Continental Congress
Coin Date:
May 9, 1776
Denomination:
$5
PCGS #:
CC35
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Subject: I would like to contribute catalog info to CDN for May 9, 1776 $5 Continental Congress (Fr. CC35)
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Bank Note Value History
May 9, 1776 $5 Continental Congress (Fr. CC35)
Value By Grade
May 9, 1776 $5 Continental Congress (Fr. CC35)
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 |
| MS64 | $2,750 | $1,234 |
| MS63 | $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 |
May 9, 1776 $1 Continental Congress (Fr. CC31)
Worth: $60 – $6,000
May 9, 1776 $2 Continental Congress (Fr. CC32)
Worth: $50 – $9,000
May 9, 1776 $3 Continental Congress (Fr. CC33)
Worth: $50 – $6,000
May 9, 1776 $4 Continental Congress (Fr. CC34)
Worth: $50 – $3,000
May 9, 1776 $6 Continental Congress (Fr. CC36)
Worth: $50 – $4,000
May 9, 1776 $7 Continental Congress (Fr. CC37)
Worth: $50 – $4,000
May 9, 1776 $8 Continental Congress (Fr. CC38)
Worth: $75 – $3,200
CC-35. Continental Currency. May 9, 1776. $5. PCGS Banknote Very Fine 30.
$366
Continental Currency May 9, 1776 $5 PMG Choice Very Fine 35. ...
$439
Continental Currency May 9, 1776 $5 PMG Choice About Unc 58 EPQ. ...
$2,379
Continental Currency May 9, 1776 $5 PMG Very Fine 25....
$180
Continental Currency May 9, 1776 $5 PMG Fine 12....
$204
Continental Currency May 9, 1776 $5 PMG About Uncirculated 55 EPQ....
$3,360
Continental Currency May 9, 1776 $5 PMG Very Fine 20....
$264
Continental Currency May 9, 1776 $5 PCGS Banknote Choice XF 45....
$270
Continental Currency May 9, 1776 $5 PMG Choice Fine 15. ...
$144
CC-35. Continental Currency. May 9, 1776. $5. Very Fine.
$312
Continental Currency May 9, 1776 $5 PCGS Gem New 66PPQ. ...
$2,880
Continental Currency May 9, 1776 $5 PCGS Very Good 8. ...
$69
Continental Currency May 9, 1776 $5 PCGS About New 53PPQ. ...
$517
Continental Currency May 9, 1776 $5 Fr. CC-35. PCGS About New 50. ...
$517
Continental Currency May 9, 1776 $5 PMG Choice Uncirculated 64. ...
$1,762
Continental Currency May 9, 1776 $5 Fr. CC-35. PCGS Superb Gem New 68PPQ. ...
$11,750
Continental Currency May 9, 1776 $5 PCGS Apparent Very Good 10. ...
$76
Continental Currency May 9, 1776 $5 PCGS Choice New 63PPQ. ...
$1,351
Continental Currency May 9, 1776 $5 PMG Very Fine 30....
$264
Continental Currency May 9, 1776 $5 PMG Choice Very Fine 35. ...
$300
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