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Virginia April 1, 1773 £3 PCGS Apparent Very Fine 25.. ...
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Virginia April 1, 1773 £3 PCGS Apparent Very Fine 25.The apparent grade was assigned for five minor problems, but the note is quite good looking and on balance it is a beautifully preserved £3 example. The note retains bold handwritten elements and areas of original embossing. This note has fantastic eye appeal and a sharply printed ship vignette. This was an emergency issue that came about as the result of well executed counterfeits of the November 1769 and July 1771 Treasury Notes that led to an immediate recall. The most expedient solution to replace the notes was the use of these indented forms that were brought from England by Col. Thomas Tabb and were intended to be issued by the James River Bank, a proposed private bank that the Crown refused to approve. The forms were filled in by hand in order to include the appropriate text within the printed forms. The notes were housed in books of 100 bills and the book numbers were incorporated into the numbering scheme, with the top number representing the number assigned to each book of bills and the lower number representing the serial number. An interesting piece of history signed by John Blair, B. Dandridge, and Robert Carter Nicholas. The £3 notes had the lowest quantity of the five denominations that were issued, a mere 500 pieces, further adding to the appeal of this wonderful surviving example. The Friedberg reference cites a value of $4500 for these notes in Very Fine. We have sold three other denominations from this issue in our Newman Auction: an £8 25 Apparent for $1175, a 20s 25 Apparent for $1057, and a £12 30 Apparent for $1762.
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