Issue of July 11, 1771

The Greysheet Catalog (GSID) of the Issue of July 11, 1771 series of Virginia Colonial Currency in the U.S. Currency contains 3 distinct entries with CPG® values between $3,150.00 and $4,400.00.

£30,000 in Treasury Notes was issued without legal tender status and redeemable by Dec. 10, 1775, similar to 1770 issue. Printed by William Rind with cuts made by William Waddill. “W.N.Pr.” or “Wm.Nn.Pr.” on bills refers to William Nelson, President of the Council. The word TOBACCO refers to the fact that the issue was to pay for tobacco lost by floods. Virginia in 1730 had begun the use of public warehouse receipts for tobacco and these “Hogshead” notes or transfer notes were freely used in lieu of money. It was the loss of such stored tobacco that forced the Colony to make good its tobacco warehouse receipts based on this issue of money. Signers were John Blair, Jr., and Peyton Randolph.