Massachusetts Colonial Note Fr#MA-285 May 5, 1780 $20 PMG 58
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 near uncirculated example with bright paper plus bold ink and signatures.
Signers: Thomas Dawes, Ebenezer Wales, 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 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 near uncirculated example with bright paper plus bold ink and signatures.
Signers: Thomas Dawes, Ebenezer Wales, 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 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 near uncirculated example with bright paper plus bold ink and signatures.
Signers: Thomas Dawes, Ebenezer Wales, Peter Boyer (Guaranty)
Date: May 5, 1780
Denomination: $20
Friedberg #: MA-285
State: Massachusetts
Certification: PMG
Grade: 58
Comments: “Hole Cancel”