Early Paper Money of America / South Carolina / 1707 July 5 Act
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Last Updated: 2022-05-19
Early Paper Money of America (NNP Edition)|£8,000 (£5,333 6s8d sterling at 50% advance) in indented Proclamation Money Bills were issued to exchange for the prior issue and to finish Charleston fortifications, etc., with legal tender up to 40s and receivable for taxes. Originally to be redeemed in two years, but extended by the Acts of July 12, 1707, July 24, 1708 and Mar. 1, 1710/11 until July 12, 1716. Engraved and printed by Nicholas De Longuemare, Jr. Signers were Richard Beresford, Thomas Broughton, Thomas Nairne, Thomas Smith, and William Smith.
20s [400]
40s [300]
£4 [400]
£6 [300]
£10 [180]
£20 [90]