Scottishmoney Posted February 26, 2007 Report Share Posted February 26, 2007 One Dollar: Two Dollars: Three Dollars: Four Dollars: Link to comment Share on other sites More sharing options...
Scottishmoney Posted February 26, 2007 Author Report Share Posted February 26, 2007 Five Dollars: Uncancelled specimens are rare, wonder if I can take it back to the Commonwealth and ask for my Five Dollars plus the accrued interest? Seven Dollars: ~ Six Dollars is not necessary! Eight Dollars: And lastly a $20 bill: Link to comment Share on other sites More sharing options...
San_Miguel98 Posted February 26, 2007 Report Share Posted February 26, 2007 heheh...if they paid you five dollars plus the 227 years of accrued interest, would the payout be worth more than the collector value? Link to comment Share on other sites More sharing options...
Scottishmoney Posted February 26, 2007 Author Report Share Posted February 26, 2007 heheh...if they paid you five dollars plus the 227 years of accrued interest, would the payout be worth more than the collector value? Since the government last paid out about 1¢ on the dollar on these at the beginning of the 19th century, I highly doubt the payout would be enough. All colonial era paper money was backed by hollow promises unfortunately, and it quickly lost 99% of it's value. Anything with a hole cancel or the slash cancel would have been paid out for a fraction of the original stated value late in the 18th century or at the very beginning of the 19th century. Often times these notes were archived as records of paid debts by the state, and that is why the most of the 1780 issues especially still exist. Link to comment Share on other sites More sharing options...
gpnyc Posted February 26, 2007 Report Share Posted February 26, 2007 That is a very NICE set of notes. Congrats! Link to comment Share on other sites More sharing options...
thedeadpoint Posted February 26, 2007 Report Share Posted February 26, 2007 Gorgeous. but why the holes? Link to comment Share on other sites More sharing options...
Scottishmoney Posted February 26, 2007 Author Report Share Posted February 26, 2007 When the notes were redeemed, they were holed to cancel them. Then the state held onto them until the 1960's or so when they were sold. Link to comment Share on other sites More sharing options...
see323 Posted February 27, 2007 Report Share Posted February 27, 2007 Five Dollars: Uncancelled specimens are rare, wonder if I can take it back to the Commonwealth and ask for my Five Dollars plus the accrued interest? Seven Dollars: ~ Six Dollars is not necessary! Eight Dollars: And lastly a $20 bill: The Six Dollar Note is missing. Get Six Million Dollar Man to solve it. Link to comment Share on other sites More sharing options...
AuldFartte Posted February 27, 2007 Report Share Posted February 27, 2007 That's an awesome set Link to comment Share on other sites More sharing options...
bobbycoin Posted March 2, 2007 Report Share Posted March 2, 2007 So the values are 1,2,3,4,5,7,8 and 20? It wouldnt seem as odd if they would have included the 6. Sweet set. -Bobby Link to comment Share on other sites More sharing options...
Scottishmoney Posted March 2, 2007 Author Report Share Posted March 2, 2007 So the values are 1,2,3,4,5,7,8 and 20? It wouldnt seem as odd if they would have included the 6. Sweet set. -Bobby It had to do with the equation of how many notes would make up the total dollar amount of the entire issue. Basically the State legislature would approve a dollar amount issue, then it would have to figure out how many of what denomination would make up the total, imagine doing this in the days before calculators. Link to comment Share on other sites More sharing options...
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