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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:
65404
Variety:
Continental Congress
Coin Date:
May 20, 1777
Denomination:
$30
PCGS #:
CC70
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Bank Note Value History
May 20, 1777 $30 Continental Congress (Fr. CC70)
Value By Grade
May 20, 1777 $30 Continental Congress (Fr. CC70)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS64 | $4,400 | $1,234 |
| MS63 | $2,500 | $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 |
| 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 |
| VG10 | $1,234 | $1,234 |
| VG8 | $1,234 | $1,234 |
| G4 | $1,234 | $1,234 |
May 20, 1777 $2 Continental Congress (Fr. CC63)
Worth: $50 – $3,000
May 20, 1777 $3 Continental Congress (Fr. CC64)
Worth: $40 – $3,000
May 20, 1777 $4 Continental Congress (Fr. CC65)
Worth: $40 – $2,000
May 20, 1777 $5 Continental Congress (Fr. CC66)
Worth: $40 – $6,000
May 20, 1777 $6 Continental Congress (Fr. CC67)
Worth: $40 – $2,000
May 20, 1777 $7 Continental Congress (Fr. CC68)
Worth: $40 – $3,500
May 20, 1777 $8 Continental Congress (Fr. CC69)
Worth: $50 – $3,850
Continental Currency May 20, 1777 $30 PMG About Uncirculated 53....
$1,320
CC-70. Continental Currency. May 20, 1777. $30. PMG About Uncirculated 55.
$1,800
CC-70. Continental Currency. May 20, 1777. $30. PMG Choice Uncirculated 64.
$5,760
Continental Currency May 20, 1777 $30 Contemporary Counterfeit PMG Very Good 10. ...
$89
Continental Currency May 20, 1777 $30 Contemporary Counterfeit PMG Extremely Fine 40. ...
$312
Continental Currency May 20, 1777 $30 PMG Choice About Unc 58 EPQ. ...
$1,440
Continental Currency May 20, 1777 $30 PCGS Banknote Uncirculated 62. ...
$1,560
Continental Currency May 20, 1777 $30 PCGS Very Fine 30. ...
$240
Continental Currency May 20, 1777 $30 PCGS Very Fine 35. ...
$360
CC-70. Continental Currency. May 20, 1777. $30. PMG Choice Uncirculated 63 EPQ.
$1,560
Continental Currency May 20, 1777 $30 Contemporary Counterfeit PCGS About New 50. ...
$300
Continental Currency May 20, 1777 $30 Contemporary Counterfeit PCGS Apparent Extremely Fine 45. ...
$376
Continental Currency May 20, 1777 $30 Counterfeit Detector PMG Gem Uncirculated 65 EPQ. ...
$690
Continental Currency May 20, 1777 $30 PMG About Uncirculated 53....
$5,040
Continental Currency May 20, 1777 $30 PMG About Uncirculated 55....
$1,560
Continental Currency May 20, 1777 $30 PMG Choice Uncirculated 64 EPQ. ...
$2,640
Contemporary Counterfeit Continental Currency May 20, 1777 $30 PMG Extremely Fine 40. ...
$192
Continental Currency May 20, 1777 $30 PMG Choice About Unc 58. ...
$900
CC-70. Continental Currency. May 20, 1777. $30. PMG Uncirculated 62 Net. Previously Mounted.
$780
Continental Currency May 20, 1777 $30 PMG Choice Very Fine 35. ...
$748
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