Massachusetts Colonial Note Fr#MA-283 May 5, 1780 $7 PCGS 50 *Eye Appeal*
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 red and black paper by Hall and Sellers with a similar style to Continental Currency, especially the emblems on the reverse. The paper is watermarked “UNITED STATES”. Striking example with bright paper plus bold ink and signatures. Incredibly clean note and possibly worthy of a higher grade. Additionally, this example lacks the usual hole or slash cancel adding significant value to this piece.
Signers: Ebenezer Wales, Samuel Henshaw, Joseph Henderson (Guaranty Signature)
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 red and black paper by Hall and Sellers with a similar style to Continental Currency, especially the emblems on the reverse. The paper is watermarked “UNITED STATES”. Striking example with bright paper plus bold ink and signatures. Incredibly clean note and possibly worthy of a higher grade. Additionally, this example lacks the usual hole or slash cancel adding significant value to this piece.
Signers: Ebenezer Wales, Samuel Henshaw, Joseph Henderson (Guaranty Signature)
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 red and black paper by Hall and Sellers with a similar style to Continental Currency, especially the emblems on the reverse. The paper is watermarked “UNITED STATES”. Striking example with bright paper plus bold ink and signatures. Incredibly clean note and possibly worthy of a higher grade. Additionally, this example lacks the usual hole or slash cancel adding significant value to this piece.
Signers: Ebenezer Wales, Samuel Henshaw, Joseph Henderson (Guaranty Signature)
Date: May 5, 1780
Denomination: $7
Friedberg #: MA-283
State: Massachusetts
Certification: PCGS
Grade: 50
Comments: “Pen Canceled”