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 post war inflation. This bill was printed in Richmond by John Dunlap with ornamental borders and a blank back. Extremely rare, of the 2,760 originally printed, only 5 are known to survive today. Exceptional example with light paper and bold ink, eye appeal earning the green sticker from GCC. This note was previously a part of the iconic Eric Newman Collection.
Signers: H. Randolph, John Lyne
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 post war inflation. This bill was printed in Richmond by John Dunlap with ornamental borders and a blank back. Extremely rare, of the 2,760 originally printed, only 5 are known to survive today. Exceptional example with light paper and bold ink, eye appeal earning the green sticker from GCC. This note was previously a part of the iconic Eric Newman Collection.
Signers: H. Randolph, John Lyne
