This later issue Massachusetts note was redeemable in Spanish milled dollars by December 31, 1786 with 5% interest. The exchange rate for these bills was $40 in older Continental Currency for every $1. Printed on “UNITED STATES” watermarked paper in red and black ink by Hall and Sellers with a similar style to Continental Currency, especially the emblems on the reverse. This example is uncancelled and unredeemed missing the interest stamp. Incredibly scarce compared to its cancelled counterpart.
Signers: Richard Cranch, …
This later issue Massachusetts note was redeemable in Spanish milled dollars by December 31, 1786 with 5% interest. The exchange rate for these bills was $40 in older Continental Currency for every $1. Printed on “UNITED STATES” watermarked paper in red and black ink by Hall and Sellers with a similar style to Continental Currency, especially the emblems on the reverse. This example is uncancelled and unredeemed missing the interest stamp. Incredibly scarce compared to its cancelled counterpart.
Signers: Richard Cranch, …
Date: May 5, 1780
Denomination: $1
Friedberg #: MA-278
State: Massachusetts
Certification: PMG
Grade: Very Fine 20
Comments: “Stained, Tear”
