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THBColonial Currency, Virginia October 16, 1780 $100 Type with Printed Back VF
Lot 174
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$500 - $600
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About Auction
Live
By Early American History Auctions
Jul 24, 2021
Set Reminder
2021-07-24 12:00:00
2021-07-24 12:00:00
America/New_York
Bidsquare
Bidsquare : A Revolutionary Numismatic Auction
https://www.bidsquare.com/auctions/early-american-history-auctions/a-revolutionary-numismatic-auction-7186
A Revolutionary Numismatic Auction Early American History Auctions auctions@earlyamerican.com
A Revolutionary Numismatic Auction Early American History Auctions auctions@earlyamerican.com
View Full Catalog (337)
- Lot Description
Virginia Currency
October 16, 1780 Virginia Act $100 Type with Printed Back "Tnis" Instead of "This" Printer's Typeset ERROR Note
Treasury of Virginia. October 16, 1780. One Hundred Dollars or 30 Dual denominated. "Tnis" Instead of "This" Printer's Typeset ERROR Note. Type with Printed Back. Printed on Thin (Self-destructing) Rice Paper. Very Fine.
Fr. VA-192. Dual denominated One Hundred Dollars or Thirty Pounds, a scarce 1780 Revolutionary War date "thin laid rice paper" note. Three bold brown signatures, fully Signed by; Simmons, Lyne, and Hopkins. Very small back lower right edge paper reinforcement added, otherwise this note is clean with light even circulation and is well centered within four large outer margins. Denomination is stated in both Dollars and Pounds, printed on back, standard size measuring about 105mm x 80mm. Typeset, with ornamental border cuts. Two face plate control letters "b1". There were only six denominations printed on this Act date. These notes are differentiated from the ''... Clothing for the Army'' notes by their differing face text and printed back text denominations that are similar to the July 14, 1780 Act notes. This October 16, 1780 Act issue was huge and inflation was getting out of control. There were 6,000,000 ($18,000,000) of notes in six denominations created. This authorization also includes the rarer ''Clothing for Army'' notes, for which only 1,500 of each of its six denominations was issued. These are printed on very thin paper that often frayed or chipped, however this note has full large margins and superior pleasing centering. High grade notes on this issue and the other thin paper types are much scarcer than people realize as the rice paper was so thin, it would actually "melt" when wet. Another way to control runaway inflation... self-destructing paper notes! Ex: Stack's Boyd/Ford Collection Sale, Part 17, March 21, 2007, Lot 4461 (with holder tag).
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