1780 Virginia $200 - Colonial Currency - PCGS Choice VF35 (Details)
- Grading Service: Professional Coin Grading Service Banknote - PCGS Banknote
- Grade: Choice Very Fine 35 - CH VF35
- Certification: 43207218
- Country: United Colonies - Colony of Virginia
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1780
- Issue: October 16th, 1780
- Denomination: 200 Dollars = 60 Pounds
- Composition: Paper
- Signature: J.M. Simmons, John Lyne, & J. Hopkins
- Obverse: Numbered and signed in brown ink. Control letters are found to the left of the serial number. Equivalencies stated on the bill are £60 or $200, exchangable at a rate of one Spanish milled dollar to forty in currency. On the front of the note just above the bottom border is the phrase "Two Hundred Dollars" with each letter divided by a line or a gothic character or symbol
- Reverse: Near the right border is printed TWO HUNDRED DOLLARS and near the left border SIXTY POUNDS. The remainder of the back is blank
- Reference: FR# VA-193
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*