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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:
65357
Variety:
Continental Congress
Coin Date:
Feb 17, 1776
Denomination:
$1/2
PCGS #:
CC21
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Subject: I would like to contribute catalog info to CDN for Feb 17, 1776 $1/2 Continental Congress (Fr. CC21)
Body: Referring page: http://beta.greysheet.com/prices/item/continental-congress-february-17-1776-one-half-dollar-friedberg-cc21/gsid/65357 GSID: 65357 Title: Feb 17, 1776 $1/2 Continental Congress (Fr. CC21)
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Bank Note Value History
Feb 17, 1776 $1/2 Continental Congress (Fr. CC21)
Value By Grade
Feb 17, 1776 $1/2 Continental Congress (Fr. CC21)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS66 | $14,500 | $1,234 |
| MS64 | $6,250 | $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 |
| F12 | $1,234 | $1,234 |
| VG8 | $1,234 | $1,234 |
Feb 17, 1776 $1/6 Continental Currency (Fr. CC19)
Worth: $125 – $14,000
Feb 17, 1776 $1/3 Continental Congress (Fr. CC20)
Worth: $125 – $10,000
Feb 17, 1776 $2/3 Continental Congress (Fr. CC22)
Worth: $100 – $12,000
Feb 17, 1776 $1 Continental Congress (Fr. CC23)
Worth: $65 – $12,000
Feb 17, 1776 $2 Continental Congress (Fr. CC24)
Worth: $55 – $7,500
Feb 17, 1776 $3 Continental Congress (Fr. CC25)
Worth: $65 – $5,000
Feb 17, 1776 $4 Continental Congress (Fr. CC26)
Worth: $50 – $9,500
Feb 17, 1776 $5 Continental Congress (Fr. CC27)
Worth: $50 – $4,500
Feb 17, 1776 $6 Continental Congress (Fr. CC28)
Worth: $50 – $2,200
Feb 17, 1776 $7 Continental Congress (Fr. CC29)
Worth: $50 – $4,000
Feb 17, 1776 $8 Continental Congress (Fr. CC30)
Worth: $50 – $3,500
CC-21. Continental Currency. February 17, 1776. $1/2. PCGS Banknote About Uncirculated 50.
$1,342
Continental Currency February 17, 1776 $1/2 PCGS Banknote Choice XF 45. ...
$1,342
Continental Currency February 17, 1776 $1/2 PMG About Uncirculated 55. ...
$1,952
Continental Currency February 17, 1776 $1/2 PMG Choice Uncirculated 63. ...
$4,636
Continental Currency February 17, 1776 $1/2 PMG Choice Fine 15. ...
$390
Continental Currency February 17, 1776 $1/2 PMG Very Fine 20. ...
$512
CC-21. Continental Currency. February 17, 1776. $1/2. PCGS Currency Very Fine 25 Apparent. Minor Stains; Small Paper Pulls.
$415
Continental Currency February 17, 1776 $1/2 PMG Extremely Fine 40. ...
$1,403
Continental Currency February 17, 1776 $1/2 PMG Choice About Unc 58 EPQ....
$5,760
Continental Currency February 17, 1776 $1/2 PMG Choice Very Fine 35....
$720
Continental Currency February 17, 1776 $1/2 PMG Very Fine 30....
$600
CC-21. Continental Currency. February 17, 1776. $1/2. PMG Gem Uncirculated 65 EPQ.
$7,200
CC-21. Continental Currency. February 17, 1776. $1/2. PMG Choice Uncirculated 64 EPQ.
$5,040
Continental Currency February 17, 1776 $1/2 PMG Fine 12....
$180
Continental Currency February 17, 1776 $1/2 PMG Very Good 10....
$336
Continental Currency February 17, 1776 $1/2 PMG Very Good 8....
$216
CC-21. Continental Currency. February 17, 1776. $1/2. PMG Gem Uncirculated 66 EPQ.
$15,600
Continental Currency February 17, 1776 $1/2 PMG About Uncirculated 53. ...
$900
Continental Currency February 17, 1776 $1/2 PMG Uncirculated 62. ...
$2,100
Continental Currency February 17, 1776 $1/2 PCGS Apparent About Good 03. ...
$34
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