Exceptional Yorktown $5Continental Currency April 11, 1778 $5 PMG About Uncirculated 55.
The hand being pricked by thorns emblem displays exceptional detail on this lightly handled Yorktown example. The motto is clear and distinct as well and the note is well margined. The signers appear to be Henry Eyres and James Ross, both Hillegas appointees. An important rarity, as are all Yorktowns, but particularly the lower denominations. Six of the eight denominations of Yorktowns were heavily counterfeited by the British in an effort to undermine the value of the currency of the nascent United States. The existence of the deceptive counterfeits is the reason that this April 11, 1778 issue is the rarest of all the Continentals. When the counterfeits appeared shortly after the genuine notes were issued, the Continental Congress voted to recall all April 11, 1778 notes. This piece luckily escaped that recall and is one of the finest genuine examples we have handled.
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