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. Additionally, this bill bears the signature of Loammi Baldwin, a Revolutionary War colonel, politician, and the father of American Civil Engineering. Although PMG notes “cancelled” the note remains whole with a small internal tear, far more desirable than the usual hole cancel commonly seen on this series.
Signers: Thomas Dawes, Loammi Baldwin, Peter Boyer (Guaranty)
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. Additionally, this bill bears the signature of Loammi Baldwin, a Revolutionary War colonel, politician, and the father of American Civil Engineering. Although PMG notes “cancelled” the note remains whole with a small internal tear, far more desirable than the usual hole cancel commonly seen on this series.
Signers: Thomas Dawes, Loammi Baldwin, Peter Boyer (Guaranty)
Date: May 5, 1780
Denomination: $7
Friedberg #: MA-283
State: Massachusetts
Certification: PMG
Grade: Extremely Fine 45
Comments: “Cancelled, Previously Mounted, Edge Damage”
