The notes of the May 7, 1781 Virginia issue were the final series of Virginia colonial notes. They were redeemable in 1794 at a $1 to $40 exchange rate. By an act in late 1781, the legal tender status of this issue was terminated and all Virginia bills were called in for a redemption value of $1 for $1000 in bills and they were deemed worthless by October 1782, signifying a period of extremely high inflation. This bill was printed in Richmond by John Dunlap with ornamental borders and a blank back. $15 was the second lowest denomination from this issue. Extremely rare, of the 2,760 originally printed, only 6 are known to survive today.
Signers: John Lyne, Bolling Stark, J. Hopkins
The notes of the May 7, 1781 Virginia issue were the final series of Virginia colonial notes. They were redeemable in 1794 at a $1 to $40 exchange rate. By an act in late 1781, the legal tender status of this issue was terminated and all Virginia bills were called in for a redemption value of $1 for $1000 in bills and they were deemed worthless by October 1782, signifying a period of extremely high inflation. This bill was printed in Richmond by John Dunlap with ornamental borders and a blank back. $15 was the second lowest denomination from this issue. Extremely rare, of the 2,760 originally printed, only 6 are known to survive today.
Signers: John Lyne, Bolling Stark, J. Hopkins
Date: May 7, 1781
Denomination: $15
Friedberg #: VA-211
State: Virginia
Certification: PMG
Grade: Very Fine 30
Comments: “Stains, Internal Tears”
