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1780 $4 Continental Currency note, FR# RI-285. Am I allowed to ask an opinion on value here?

Piano1Piano1 Posts: 233 ✭✭✭
in U.S. & World Currency Forum

Hello, everyone.

Undergoing some not too fun medical stuff here at age 72 (common "guy" stuff) and have decided that I want to start offering some of my collection for sale; probably on eBay. Anyway, I know very little about Continental Currency but years ago when I lived in Rhode Island, I decided to buy the note pictured below for my U.S. coin type set. Anyway, I don't really collect currency and I live in NH now anyway.

I have been on eBay and a few other sites trying to determine a fair price to ask for this note. I would be most grateful for any thoughts. (I hope this is "permitted" on this site. If not, please disregard this post.)

Thanks so much.

I'm so sorry. I tried to get the photos "right side up" but no success.

Piano1


Comments

  • Steve_in_TampaSteve_in_Tampa Posts: 1,969 ✭✭✭✭✭

    Cool note.
    My knowledge about Colonial Currency is limited but I would guess it’s valued between $300 and $400. It’s considered a Remainder because it’s lacking the back signature which would have been at the bottom. If it was minus the “paper pull” it might be worth around $500. Here’s some comparable examples that have sold within the last 5 years.

    https://currency.ha.com/c/search-results.zx?N=56+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=fr.RI-285&limitTo=all

    I took the liberty of editing and rotating your photos.


  • tomtomtomtomtomtomtomtom Posts: 544 ✭✭✭✭

    agree with Steve...approx $300

  • Piano1Piano1 Posts: 233 ✭✭✭

    Steve_in_Tampa and tomtomtomtom,

    Thank you for your thoughts on this note. Steve, thanks also for "flipping" my photos. I thought I knew how to do it but I guess it's back to the drawing board. Also, the Heritage link was very helpful as well.

    I appreciate your time and sharing your knowledge and skills. I think it will eventually be listed on eBay so wish me luck. Thanks in advance for any others who would like to share your thoughts.

    Again, thanks! Piano 1

  • lordmarcovanlordmarcovan Posts: 43,558 ✭✭✭✭✭
    edited August 2, 2023 10:24AM

    Cool note. Completely outside my experience, but I like it. Best wishes on your recovery.

    Kudos also to @Steve_in_Tampa for the pic fix.


    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • sellitstoresellitstore Posts: 2,905 ✭✭✭✭✭
    edited August 7, 2023 4:30AM

    I should probably add that this is not considered part of the series of Continental Currency but it is a Rhode Island issue. It is part of a series issued by several newly formed states, guaranteed by "The United States" but not an issue of the Continental Congress and, therefore, not considered a Continental, but rather a state issue.

    Sheets of the 1780 and 1786 Rhode Island issue survived in some quantity making uncirculated notes available. Yours would be a gem (maybe 67) if not for the paper pull on back. It has a lovely appearance and 64 is probably a fair grade for a gem note with a minor problem. PMG undoubtedly netted this one out at 64 rather than call it a gem with a minor problem.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • Piano1Piano1 Posts: 233 ✭✭✭

    Hello, sellitstore, and thanks for your information. This is very useful and much appreciated. I always like to "be educated" when someone is kind enough to fill a void in my knowledge (and there is no shortage of those, believe me.) :o

    Many thanks.

    Piano1

  • johnny9434johnny9434 Posts: 28,410 ✭✭✭✭✭
    edited August 6, 2023 9:39AM

    A nice looking note, I like 👍

  • logger7logger7 Posts: 8,566 ✭✭✭✭✭

    Never do an auction on ebay, unless you have lots and lots of followers willing to spend money. Buy it now with offers.

  • Piano1Piano1 Posts: 233 ✭✭✭

    Hello, logger7, and thank you very much for your thoughts on selling the note for which I started this post. I respect your wisdom on this. I did sell the note, finally, on eBay at very close to my asking price but I suspect that there was some luck involved.

    Anyway, I am clearing up some things that I wanted to sell as I am now in the middle of Prostate Cancer treatment and follow-up. I just wanted to get some sales accomplished before the process began. All is going very well with my treatment, fortunately, but the items I sold were "loose ends" that I wanted to clear up in case things did not go well medically.

    Your helpful post is very much appreciated.

    Piano1

  • SaorAlbaSaorAlba Posts: 7,553 ✭✭✭✭✭

    Just a suggestion before offering on eBay - consider putting in the BST for Paper money on this forum - no fee!

    Additionally - the name of the state on the note is the full legal name of the state, to this day. So Rhode Island and Providence Plantations is the longest official state name.

    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • Piano1Piano1 Posts: 233 ✭✭✭

    Good information, SaorAlba. Thanks for sharing.

    I don't really know the guidelines for listing on this site and I have only made 1 sale to a member. That went well, but I don't have any "on site" references here. Perhaps I should look into this further when I actually begin to market my actual collection.

    Again, thanks.

    Piano1

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