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 borders engraved by William Waddill. Very detailed borders on this $500 note including a bannered design stating the denomination, “DEATH TO COUNTERFEIT” at the top, and “VIRGINIA MONEY” along the right side. Incredibly scarce, of the 10,052 originally printed, only 25 are known to exist today. Gorgeous high denomination note with bright crisp paper, bold ink, and exceptional eye appeal.
Signers: A. Craig, John Lyne, Bolling Stark
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 borders engraved by William Waddill. Very detailed borders on this $500 note including a bannered design stating the denomination, “DEATH TO COUNTERFEIT” at the top, and “VIRGINIA MONEY” along the right side. Incredibly scarce, of the 10,052 originally printed, only 25 are known to exist today. Gorgeous high denomination note with bright crisp paper, bold ink, and exceptional eye appeal.
Signers: A. Craig, John Lyne, Bolling Stark
Date: May 7, 1781
Denomination: $500
Friedberg #: VA-221
State: Virginia
Certification: PMG
Grade: Extremely Fine 40
Comments: “Previously Mounted”
