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Early Paper Money of America / Virginia / 1779 May 3 Act

£1,000,000 ($3,333,333) in Treasury Bills without legal tender status and redeemable by Dec. 1, 1786 were approved by the May 3, 1779 Act. By an Act passed at the Mar. 1781 Session this issue was given legal tender status. Printed on thin laid paper. Denominations of $15 and below are similar to May 4, 1778 printed date issue and similar denominations of the Oct. 5, 1778 issue. The typeset two-letter control system was reused on those denominations as well as the same cuts. The date is typeset. The two highest denominations are large indented typeset bills similar to the same denominations in the Oct. 5, 1778 issue, but with a ship in the left border. All bills printed by Clarkson and Davis. Signers were Edward Archer, Jonathan Boush, H. Cocke, James Cocke, A. Craig, Thomas Everard, J. Hopkins, J. Menitree, H. Randolph, J. Rose, G. Smith and James Wray. Two signers appear for the five lowest denominations and two signers on the others.

$3 [4,208] ▷RP◁
$5 [4,208]
$7 [4,208]
$10 [4,208]
$15 [4,208]
$50 (£15) [21,100]
$100 (£30) [21,100] ▷CF◁

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