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 $20 was the highest denomination of the issue. Lovely near uncirculated example with crisp bright paper and bold ink. Well deserving of the EPQ designation from PMG and the gold sticker from GCC.
Signers: Thomas Dawes, Richard Cranch, Thomas Walley (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. This $20 was the highest denomination of the issue. Lovely near uncirculated example with crisp bright paper and bold ink. Well deserving of the EPQ designation from PMG and the gold sticker from GCC.
Signers: Thomas Dawes, Richard Cranch, Thomas Walley (Guaranty)
Date: May 5, 1780
Denomination: $20
Friedberg #: MA-285
State: Massachusetts
Certification: PMG & GCC
Grade: Abut Uncirculated 55 EPQ, GCC Gold
Comments: “Cancelled, Exceptional Paper Quality”
