Craven County Digital History Exhibit

     NC 1776 $5 

Accession Number TP.1986.028.001

Title

North Carolina paper currency, Bill of Credit value five dollars

 

Maker

[James Davis, printer]

 

Material

Laid paper, ink

 

Origin

North Carolina, [New Bern]

 

Date:

1776

 

Dimensions:

OH: 2 3/8” (6.0 cm); OW: 3 ½” (8.7 cm)

 

Description:

Engraved five-dollar Bill of Credit issued by North Carolina with borders on all four sides; top border inscribed “FIVE DOLLARS;” left border (in script) “FIVE DOLLARS/ five/ dollars” and vignette of Triton; right side: “North/ Carolina/ FIVE DOLLARS.” Main text: “No Carolina Currency/ No 349 FIVE DOLLARS./ By Authority of Congress at/ Halifax April d2 1776.” Ink signatures: “D Sumner” “Wm Haywood”/ “Wm Williams”. Ink inscriptions on reverse: “Thos Cab[illegible]/ from [illegible]/ to Loui Glass” and “Col Young”

 

Source:

Purchase

 

Relation:

 

 

Comments:

On left border, initials “GL” (for Gabriel Lewyn, a Baltimore engraver). Unusual features: error of “d 2” instead of “2d” and inclusion of a face in “O” in the top border. An Act dated April 2, 1776, authorized the printing of $1,250,000 (£500,000) in Bills of Credit. The bills were issued in two series: $250,000 in the first, dated April 2, 1776 (the beginning of the session) and $1,000,000 in the second, dated May 9, 1776. Each bill has a vignette and some also contain mottoes. This denomination was issued in a series of 10,000 bills. This denomination was subject to counterfeit. Fractional denominations are smaller in size than the higher denominations. Bills were signed by: Willis Alston, J. Bradford, William Haywood, G. Hill, Benjamin McCulloch, David Sumner, J. Webb, and William Williams.

 

Language:

En

 

Rights:

Permission to use the photograph must be obtained in writing from Tryon Palace Historic Sites & Gardens, New Bern, North Carolina. It must be accompanied by the caption” From the collection of Tryon Palace Historic Sites & Gardens, New Bern, North Carolina; North Carolina Department of Cultural Resources, Division of Archive and History.”

Obverse Image
Reverse Image

Images scanned by Dean Knight
Text prepared by Nancy Richards and Victor T. Jones, Jr.

Last edited: November 20, 2014

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