1781 Virginia $1200 - Colonial Currency - PMG VF25
- Grading Service: Paper Money Guaranty - PMG
- Grade: Very Fine 25 - VF25
- Certification: 1072667-008
- Country: United Colonies - Colony of Virginia
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1781
- Issue: May 7th, 1781
- Denomination: 1200 Dollars = 360 Pounds
- Composition: Paper
- Signature: Bolling Stark, John Lyne, J. Hopkins
- Obverse: Numbered and signed in brown inks. Equivalencies stated on the bill are £360 or $1,200, exchangable at a rate of one Spanish milled dollar to forty in currency. The left border cut depicts the heavens represented by the sun, the moon and a new constellation of thirteen stars. Below is the motto of the Roman Emperor Constantine: "IN HOC SIGNO VINCES" ("In this sign you will conquer").
- Reverse: Blank
- Reference: FR# VA-223
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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