Issue of May 4, 1778

The Greysheet Catalog (GSID) of the Issue of May 4, 1778 series of Georgia Colonial Currency in the U.S. Currency contains 3 distinct entries with CPG^® values between $280.00 and $7,000.00.

£150,000 in Bills of Credit payable out of the proceeds of forfeited Tory estates pursuant to the May 4, 1778 Act when Georgia exchange was 531 for 100 in specie. Printed by W. Lancaster of Savannah in red and black on both face and back from typeset letters and ornaments previously used for other Georgia issues. Greenish blue circular seal keyed to each denomination. The engraved scrip GEORGIA, previously used on the $10 and $20 1776 Maroon Seal issue, was impressed in greenish blue on the $40 denomination. Printed in double sheets with four faces and four backs on each side. Due to erroneous wiping, red ink is occasionally overprinted on black ink. Signers were William Few, Charles Kent, William Maxwill, Thomas Netherclift, William O’Bryen, Nehemiah Wade, and Richard Wylly. There were five signers on each bill.