Colonial Valley Collection - One Per Emission
May 20 1777

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Note Details

Set Details
Note Description: Continental Currency
$8 May 20, 1777 Colonial Notes
Grade: AU 55
Country: US
Note Number: CC-69
Certification #: 8073019-035  
Owner: Colonial Valley Collection
Sets Competing: Colonial Valley Collection - One Per Emission  Score: 1510
Colonial Valley Collection - Complete Set  Score: 1510
Date Added: 6/17/2020
Research: See PMG's Census Report for this Note

Owner's Description

The May 20, 1777 emission is widely recognized as the second scarcest emission of Continental Currency. Like the Yorktown Emission these bills were heavily counterfeited and recalled early, accounting for the scarcity.

This emission was authorized in Philadelphia, PA. The authorization provided for the emission of $16,500,000 in colonial bills. There were about 253,850 bills of each of 9 denominations ranging from $2 to $8 and $30 authorized; a total of 2,030,738 bills.

Bills from this emission are as scarce as the Yorktown emission, although more uncirculated bills are known. PMG has graded about twenty May 20, 1777, CC-69 bills with 50% receiving a grade of AU or better and 20% receiving an uncirculated grade. The May 20, 1777 $8 are the 16th rarest of the 102 bills in the series.

This bill features A harp with 13 strings of different sizes, representing the 13 colonies. The images is surrounded by the Latin motto, "MAJORA MINORIBUS CONSONANT" which translates to "The large colonies and the small colonies are in harmony". This bill was signed by M. Hahn and J. Houston.

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