Colonial Valley Collection - Denomination Set
$4

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Note Details

Set Details
Note Description: Continental Currency
$4 April 11, 1778 Colonial Notes
Grade: AU 58 EPQ
Country: US
Note Number: CC-71
Certification #: 8073016-008  
Owner: Colonial Valley Collection
Sets Competing: Colonial Valley Collection - Complete Set  Score: 2821
Colonial Valley Collection - One Per Emission  Score: 2821
Colonial Valley Collection - Denomination Set  Score: 2821
Date Added: 6/2/2020
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.

The authorization provided for the emission of $25,000,000 in colonial bills. There were about 208,330 bills of each of 8 denominations: $4, $5, $6, $7, $8, $20, $30 and $40. A total of 1,666,660 bills were authorized.

This is the scarcest emission of the entire series with just over 100 bills of all denominations graded by PMG. Of those about 40% are graded AU. Just one bill has received an uncirculated grade. This example is the finest graded by PMG.

This bill bears an image of a Wild Board Charging into a Spear with the Latin motto, "AUT MORS AUT VITA DECORA" which translates to, "Either Death or an Honorable Life". This bill was signed by D. Reintzel and S. Byrson.

PMG has graded about fifteen April 11, 1778, CC-71 bills with 30% receiving a grade of AU or better and none have received an uncirculated grade. The April 11, 1778 $4 are the 12th rarest of the 102 bills in the series.



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