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Description

Virginia May 7, 1781 $500 Very Fine-Extremely Fine. There are two old restoration-tape repairs, one at either end of the vertical center fold, but that is this extremely nice note's only flaw. It's boldly printed, well margined and strongly signed. The use of high denominations on these Virginia bills was the result of serious inflation. All Virginia issues had their legal-tender status ended by the Act of November 1781, and they were called in for redemption at one dollar in coin for one thousand dollars in bills. All were, by law, to become worthless by October 1, 1782.

Auction Info

Auction Dates
October, 2002
30th Wednesday
Internet/Mail Bids: 14
Lot Tracking Activity: N/A
Page Views: 297

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Oct 30, 2002 for: $322.00
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