Colonial Valley Collection - Denomination Set
$7

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Note Details

Set Details
Note Description: Continental Currency
$7 April 11, 1778 Colonial Notes
Grade: AU 50
Country: US
Note Number: CC-74
Certification #: 8068786-001  
Owner: Colonial Valley Collection
Sets Competing: Colonial Valley Collection - Complete Set  Score: 2010
Colonial Valley Collection - Denomination Set  Score: 2010
Date Added: 5/15/2020
Research: See PMG's Census Report for this Note

Owner's Description

The Yorktown emission has long been recognized as the scarcest emission of the series. This emission was authorized by the Continental Congress in York, Pennsylvania. The Congress had fled to York to escape the British Army which was advancing on Philadelphia. This emission was heavily counterfeited and was recalled early, accounting for the scarcity.

Seven dollar Continental bills have an image of a severe storm at sea with the Latin Motto, "SERENABIT" which translates as, "It will be calm". There were two signers on this bill, the first signature is unreadable, the second is of Robert Roberts.

Seven dollar bills are the most frequently encountered denomination in the Continental series with about 375 examples graded, half of which have been graded AU or better.

PMG has graded about fifteen April 11, 1778, CC-74 bills with 20% receiving a grade of AU or better and none have received an uncirculated grade. The April 11, 1778 $7 are the 11th rarest of the 102 bills in the series.

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