Colonial Valley Collection - Denomination Set
$40

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Note Details

Set Details
Note Description: Continental Currency
$40 April 11, 1778 Colonial Notes
Grade: AU 58
Country: US
Note Number: CC-78
Certification #: 8073016-010  
Owner: Colonial Valley Collection
Sets Competing: Colonial Valley Collection - Complete Set  Score: 2729
Colonial Valley Collection - Denomination Set  Score: 2729
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 $40 has an image of the rays of the All Seeing Eye shining on the 13 Stars with the motto, “Confederation”. This bill was signed by D. Reientzel and S. Bryson.

The emblems and mottoes used on the $35, $40, $45, $50, $60, $70, and $80 denominations were developed by Francis Hopkinson who, with his family, unsuccessfully sought compensation from the Continental Congress and the U.S. Congress for this work

PMG has graded about fifteen April 11, 1778, CC-78 bills with 60% receiving a grade of AU or better and 10% receiving an uncirculated grade. The April 11, 1778 $40 are the 15th rarest of the 102 bills in the series.

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