Connecticut: July 1, 1780
Table of Contents
July 1, 1780
An emission of £100,000 in bills of credit as Treasury Notes payable by March 1, 1785 with 5% interest in Spanish milled dollars at the rate of 6s per milled dollar, or silver or gold coin equivalent. Printed in New London by Timothy Green II with engraved borders and typeset text. (This Green is the first cousin once removed of Timothy Green Jr., who had printed currency for Connecticut until his death on October 3, 1763). The front of each note shows the seal of the colony with three grape vines and a hand that points to the right on some denominations and to the left on others. The scroll carries the abbreviated motto "QUI TRAN SUST" sometimes lacking the final N or final T (What is transplanted survives). In the border is: "SIGILLUM : COLON : CONNECTICENSIS" (Seal of the Colony of Connecticut). This form of the seal was on every emission from 1755 -1780. The July 1780 emission was signed and numbered in red ink and usually slash or hole canceled upon redemption. The denominations printed were: 9d, 1s3d, 1s6d, 5s, 10s, 20s and 40s notes.
2s6d; Serial Number: 7403 07/01/80
Signers: Benjamin Payne, George Wyllys.
Size: 90 x 69mm (front border design 87 x 68mm; back border design 55 x 67mm).
Comments: The hand on the state seal points to the left. Hole cancel. Winged cherub heads on the back design. The partially missing text from the front read as follows: "milled Dollars at the rate of six / shillings each, or other silver or gold / Coins equivalent, with Interest at / five per Cent. per Annum, by the / 1st day of March, A.D. 1780, By ORDER / of ASSEMBLY. The partially missing text from the back read: "Printed by TIMOTHY GREEN."
Provenance: EANA mail bid auction 1/13/96 lot 337. Purchased through the Robert H. Gore, Jr. Numismatic Endowment.