Description

    Very High Grade May 10, 1775 "First Federal Dollar" Note

    Continental Currency May 10, 1775 $1 Fr. CC-1. PCGS Choice About New 55PPQ.
    The Continental Currency series with 102 different type notes has enjoyed great popularity in the past few years. The notes are quite interesting as circulating governmental obligations issued by Congress. Later in the Revolutionary War, their rapid depreciation rendered them essentially worthless: hence the expression "Not worth a Continental." When this currency became repudiated debt after the war, the populace who suffered losses had such disdain for paper money that the Federal government did not issue circulating on demand obligation paper money until it became necessary at the onset of the Civil War. The formation of a high quality 102-note typeset includes several rarer series and some sleeper types. The May 10, 1775 Session $1 note is one of the underrated types in very high grade, and it has historical significance as our first government-issued dollar bill. We have never seen a fully uncirculated note; as the lowest denomination in the series, they would have been frequently used to make change. The highest grade given by PCGS is 58PPQ for the former Boyd note. This is a beautiful, premium example and one of the finest seen by us. There is a wide bank of sheet margin at the left, the surfaces are very pleasing, and the pair of signatures is nicely penned. An important note that stands on its own or is ideal for placement in any Continental Currency collection.

    Ex: Eric P. Newman Numismatic Education Society.


    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 269

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    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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