7 Dollars "Continental Currency" - United Colonies

Features

Issuer United States - Pre-Federal
Type Standard banknote
Years 1775-1776
Value 7 Dollars
Composition Paper
Size 96 × 74 mm
Shape Rectangular
Technique Letterpress
Demonetized Yes
Number N# 307734
Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html)
References P# S107,
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA.
And 2 more volumes.
P# S117,
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA.
And 2 more volumes.
P# S129,
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA.
And 2 more volumes.
P# S137,
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA.
And 2 more volumes.
P# S144
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA.
And 2 more volumes.

Obverse

Round medallion with landscape.

Script: Latin

Lettering:
SERENABIT
SEVEN DOLLARS
This Bill entitles the
Bearer to receive SE-
VEN SPANISH milled
DOLLARS, or the
Value thereof in Gold or
Silver, according to the
Reſolutions of the CON-
GRESS, held at Phila-
delphia, the 10th of May,
1775. VII DOLLARS.

Reverse

Script: Latin

Lettering:
+ SEVEN DOLLARS. +
PHILADELPHIA :
Printed by HALL and
SELLERS. 1775.

Comments

Issued by the Continental Congress of The United Colonies.

Printed by Hall and Sellers.

The Continental Congress issued paper money to finance the Revolutionary War against Great Britain. In contrast to the previous editions of the North American colonies, the Spanish Milled Dollar and not the British Pound Sterling was used as the currency unit. The continental notes were forged on a large scale, including as a means of waging war by the British. As a result, the value of the bills fell, a process that could no longer be stopped. Eventually the bills were completely worthless and withdrawn from circulation. Even today in the United States of America there is the catchphrase for a worthless cause: "Not worth a Continental." (It's not even worth a Continental currency note)

Example of this type:
HVB Foundation Banknote Collection #USA-S107

See also

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Date VG F VF XF AU UNC
1775-May-10 
1775-Nov-29 
1776-Feb-17 
1776-May-09 
1776-Jul-22 
1776-Nov-02 

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