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Continental Currency

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CC-1 $1 May 10, 1775
Grade: XF/AU    

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A stunning thing of beauty is this first Continental ace. For years this has been one of the most popular of all Continentals as it is the first one listed and this denomination is very desirable. Couple that with the fact that the May 1775 issue is somewhat scarcer and you have a real doozey of a note here. When Continentals first circulated they were worth their stated value and had not been devalued yet as they had later in the war. This one dollar denomination was a real workhorse and circulated freely and heavily, leaving virtually no higher grade circulated examples. The example sold by Heritage as part of the Collection of a Patriotic American was graded PCGS XF 45 PPQ and that brought $2,070 total and we would expect a similar price realized by this piece. Very well signed and numbered with a center fold and some handled corners it looks a heck of a lot more like an AU than it does an XF.

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