1776 Virginia $15 - Colonial Currency - PMG VF30
- Grading Service: Paper Money Guaranty - PMG
- Grade: Very Fine 30 - VF30
- Certification: 8080169-020
- Country: United Colonies - Colony of Virginia
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1776
- Issue: October 7th, 1776
- Denomination: 15 Dollars
- Composition: Paper
- Signature: B. Dickson & James Wray
- Obverse: Number and signatures in brown ink. State insignia appears on left showing Liberty as a soldier triumphant over her foe with the motto: "Sic semper tyrannus" ("So always to tyrants")
- Reverse: Blank
- Reference: FR# VA-111
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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