May 4th 1778 $20 Georgia Colonial Currency PMG 35
Exploring the May 4th, 1778 $20 Georgia Colonial Currency PMG 35
The May 4th, 1778 $20 Georgia colonial currency note serves as a fascinating relic of American history, offering insights into the economic and political landscape of the time. Issued during the tumultuous period of the American Revolution, this currency was an essential tool for the fledgling state’s financial system. The note I’m examining is a PMG 35, which indicates it has been certified by the Paper Money Guaranty as being in “Choice Very Fine” condition.
Aside from its artistic and historical significance, this $20 note also tells us much about the economic conditions and struggles faced by the colonies. Inflation and scarcity of hard currency led to the widespread use of paper money, a relatively new concept at that time. These paper currencies were a gamble, reliant on the promise of future redemption and the hope of a victorious outcome in the war.