Issue of 1731

The Greysheet Catalog (GSID) of the Issue of 1731 series of South Carolina Colonial Currency in the U.S. Currency contains 12 distinct entries with CPG® values between $6,500.00 and $9,000.00.

£106,500 (£15,214 5s 8½d sterling at 600% advance) in indented engraved legal tender Bills of Credit authorized by an Aug. 20, 1731 Act to exchange for all outstanding bills. Bills of 4s6d denominations were issued without authority but ratified by the May 4, 1733 Act. All prior issues were originally made invalid after June 1, 1732, but were extended to Mar. 25, 1733/34 by the May 4, 1733 Act. Because of counterfeits, genuine £3, £4, and £15 bills were called in by the June 7, 1735 Act and were reissued after overprinting. An additional emission of £10,000 was authorized by the June 7, 1735 Act to replace worn bills. Signers were Othniel Beale, John Champneys, John Hammerton, Gabriel Manigault, Charles Pinckney, Roger Saunders, and Francis Yonge.