Virginia Colonial Note Fr#VA-220 May 7, 1781 $200 PCGS 40 *Scarce*
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 and bills over $100 in value such as this one had elaborate boarders engraved by William Waddill. Very interesting boarders on this $200 example including a spiral design stating the denomination, “DEATH TO COUNTERFEIT” at the top, and “VIRGINIA MONEY” along the right side. Of the 10,052 originally printed, only 15 are known to exist 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 and bills over $100 in value such as this one had elaborate boarders engraved by William Waddill. Very interesting boarders on this $200 example including a spiral design stating the denomination, “DEATH TO COUNTERFEIT” at the top, and “VIRGINIA MONEY” along the right side. Of the 10,052 originally printed, only 15 are known to exist 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 and bills over $100 in value such as this one had elaborate boarders engraved by William Waddill. Very interesting boarders on this $200 example including a spiral design stating the denomination, “DEATH TO COUNTERFEIT” at the top, and “VIRGINIA MONEY” along the right side. Of the 10,052 originally printed, only 15 are known to exist today.
Signers: John Lyne, Bolling Stark, J. Hopkins
Date: May 7, 1781
Denomination: $200
Friedberg #: VA-220
State: Virginia
Certification: PCGS
Grade: 40
Comments: “Splits, Damage, Repairs, Piece Replaced and Redrawn”