1777 Delaware 2 Shillings 6 Pence - Colonial Currency - PCGS VG10
- Grading Service: Professional Coin Grading Service Banknote - PCGS Banknote
- Grade: Very Good 10 - VG10
- Certification: 43207197
- Country: United Colonies - Colony of Delaware
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1777
- Issue: May 1st, 1777
- Mint: James Adams
- Denomination: 2 Shillings 6 Pence = 1/2 Crown
- Composition: Paper
- Signature: John Clarke & Richard Lookwood
- Obverse: Delaware coat of arms and denomination with the followinbg text - THIS INdented Bill shall pass current for Two Shillings and Six-pence within the Delaware State according to an Act of General Assembly of the said State made in the Year of our Lord One Thousand Seven Hundred and Seventy-six Dated the First Day of May 1777
- Reverse: Nature print of a bundle of wheat with the denomination above; "to counterfeit is death" and the printer below.
- Reference: FR# DE-87
Colonial Currency is pre-Revolutionary War paper money that was created in response to a growing economy and desperate coin shortage. Beginning with Massachusetts in 1690 to 1781, individual colonies issued notes to pay for public works, trade deficits, and other items of necessity. These notes issued by the individual colonies were known as 'Bills of Credit'. These bills of credit were usually fiat money that could not be exchanged for a fixed amount of gold or silver coins upon demand. These were usually issued by colonial governments for the payment of debts. These governments would then retire the currency by accepting the bills for payment of taxes. When colonial governments issued too many bills of credit or failed to tax them out of circulation, inflation resulted.
*Currency condition is based on our professional opinion. Pictures are representative of the note that you will receive, actual note may differ slightly, and serial numbers may vary*
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