Continental Currency Issue of July 22, 1776 Values & Prices By Issue | The Greensheet (2024)

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Continental Currency Issue of July 22, 1776 Values & Prices By Issue | The Greensheet? ›

The grading service placed the value of the coin $97,500, describing it as a true treasure. While coins are minted with a specific face value, their value can exceed manifold once they become collectibles. Some rare varieties of the continental coins have previously sold for up to half a million dollars.

The grading service placed the value of the coin $97,500, describing it as a true treasure. While coins are minted with a specific face value, their value can exceed manifold once they become collectibles. Some rare varieties of the continental coins have previously sold for up to half a million dollars.

These coins are quite rare. Originals are valued at between $1,000 (in poorer condition) to about $15,000 is excellent condition. However, many reproductions and replicas have been made over the years for collectors; these reproductions have little or no market value.

The Continental Currency dollar coin (also known as Continental dollar coin, Fugio dollar, or Franklin dollar) was the first pattern coin struck for the United States. The coins, which were designed by Benjamin Franklin, were minted in 1776 and examples were made on pewter, brass, and silver planchets.

Continentals refers to paper currency issued by the Continental Congress in 1775 to help fund the American Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the fact that too many bills were printed.

According to the NGC Price Guide, as of April 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $9 and $10.25. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.

First off, every 1976 Eisenhower Silver Dollar has two years on it – 1776 and 1976. These dates marked the 200^th Anniversary of American Independence. Secondly, not all the coins were minted in 1976. Some were minted a year earlier, in 1975, but the date was changed to prevent hoarding.

$0.01 in 1776 is equivalent in purchasing power to about $0.36 today, an increase of $0.35 over 248 years. The dollar had an average inflation rate of 1.45% per year between 1776 and today, producing a cumulative price increase of 3,490.02%.

Franklin's coin, most commonly referred to as the “Continental Dollar,” features a picture of the sun, its rays beating down onto a sun dial, next to the word “Fugio”—Latin for “I flee.” Together with the caption, this implies, “Time flies, so mind your business.” At the time, “business” was understood literally as ...

The Continental dollar was a zero-interest bearer bond, not a pure fiat currency. The public was promised redemption at face value in specie at fixed future dates. When time-discounting (rational bond pricing) is separated from depreciation, little depreciation occurred before 1779.

How much are continental coins worth? ›

With no authority to tax, the Continental Congress was unable to prevent deep depreciation of its paper currency, and coupled with the widespread circulation of British counterfeit bills, gave rise to the phrase “Not Worth a Continental.”

Continental Currency from the emission of Jan. 14, 1779 have the watermark UNITED STATES or CONFEDERATION (depending on the denomination) in the paper and can be seen if the paper is held up to a light.

According to the NGC Price Guide, as of April 2024, a Kennedy Half Dollar from 1776-1976 S in circulated condition is worth between $4.05 and $4.55. However, on the open market 1776-1976 S SILVER Half Dollars in pristine, uncirculated condition sell for as much as $12500.

Meanwhile, all 1776-1976-S 40% Silver Bicentennial Dollars made for distribution to the public carry the Type 1 design and represent the only issue among these dollar coins that were made in just the single variety.

According to the NGC Price Guide, as of April 2024, a Washington Quarter from 1776-1976 in circulated condition is worth between $0.30 and $0.85. However, on the open market 1776-1976 D Quarters in pristine, uncirculated condition sell for as much as $6000.