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Issue of May 1, 1786
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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.
The Greysheet Catalog (GSID) of the Issue of May 1, 1786 series of South Carolina Colonial Currency in the U.S. Currency contains 4 distinct entries with CPG® values between $3,000.00 and $5,000.00.
£100,000 in Loan Office Bills of Credit authorized by the Acts of Oct. 12, 1785 and Mar. 22, 1786 and receivable for taxes until May 1, 1791 on a par with specie. Secured by land mortgages or specie. The use for taxes was extended by the Act of Feb. 19, 1791. Engraved by Abernethie of Charleston. Denominations of 2s6d and 5s were originally authorized but subsequently revoked before issuance. Signers were John Huger, T. Jones, and John Postell. Prior attempts by the Acts of May 29, 1736 and June 17, 1746 to establish a General Loan Office currency had been disapproved by England.
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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.
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With the month of July and all the celebrations of Independence Day behind us, the rare coin market looks with anticipation to August.
"These coins have been off the market for at least 10-15 years, and many of them are in older generation grading holders as well, adding to the excitement," comments John M. Pack.
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