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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:
65298
Variety:
Continental Currency
Coin Date:
May 10, 1775
Denomination:
$2
PCGS #:
CC2
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Subject: I would like to contribute catalog info to CDN for May 10, 1775 $2 Continental Currency (Fr. CC2)
Body: Referring page: http://livetest.greysheet.com/prices/item/continental-currency-may-10-1775-two-dollars-friedberg-cc2/gsid/65298 GSID: 65298 Title: May 10, 1775 $2 Continental Currency (Fr. CC2)
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Bank Note Value History
May 10, 1775 $2 Continental Currency (Fr. CC2)
Value By Grade
May 10, 1775 $2 Continental Currency (Fr. CC2)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS63 | $3,750 | $1,234 |
| MS62 | $2,750 | $1,234 |
| MS61 | $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 |
| 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 $3 Continental Currency (Fr. CC3)
Worth: $100 – $8,000
May 10, 1775 $4 Continental Currency (Fr. CC4)
Worth: $100 – $4,000
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 $2 PMG Very Fine 25....
$504
Continental Currency May 10, 1775 $2 PMG Choice Uncirculated 63 EPQ....
$2,280
Continental Currency May 10, 1775 $2 PMG Very Fine 20....
$360
Continental Currency May 10, 1775 $2 PMG Choice Very Fine 35....
$432
Continental Currency May 10, 1775 $2 PMG About Uncirculated 55....
$960
Continental Currency May 10, 1775 $2 PCGS Very Fine 30....
$360
Continental Currency May 10, 1775 $2 PMG Choice Fine 15. ...
$252
Continental Currency May 10, 1775 $2 PMG About Uncirculated 53. ...
$2,112
Continental Currency May 10, 1775 $2 PCGS Extremely Fine 45. ...
$458
Continental Currency May 10, 1775 $2 PCGS Very Good 08. ...
$109
Continental Currency May 10, 1775 $2 PCGS Apparent Fine 12. ...
$108
Continental Currency May 10, 1775 $2 PMG About Uncirculated 50. ...
$322
Continental Currency May 10, 1775 $2 PMG Very Fine 25 Net....
$540
Continental Currency May 10, 1775 $2 PMG Choice Uncirculated 63. ...
$2,880
Continental Currency May 10, 1775 $2 PCGS Very Fine 20....
$312
Continental Currency May 10, 1775 $2 PMG Choice Very Fine 35....
$312
Continental Currency May 10, 1775 $2 PMG About Uncirculated 55. ...
$1,320
Continental Currency May 10, 1775 $2 PMG Very Fine 30....
$348
Continental Currency May 10, 1775 $2 PCGS Apparent Fine 15. ...
$109
Continental Currency May 10, 1775 $2 PMG About Uncirculated 53. ...
$660
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