Massachusetts Colonial Note Fr#MA-285 May 5, 1780 $20 PMG 58 EPQ *Exceptional*
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. Well deserving of the elusive EPQ designation from PMG.
Signers: Samuel Henshaw, Richard Cranch, 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 example with bright paper plus bold ink and signatures. Well deserving of the elusive EPQ designation from PMG.
Signers: Samuel Henshaw, Richard Cranch, 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 example with bright paper plus bold ink and signatures. Well deserving of the elusive EPQ designation from PMG.
Signers: Samuel Henshaw, Richard Cranch, Peter Boyer (Guaranty)
Date: May 5, 1780
Denomination: $20
Friedberg #: MA-285
State: Massachusetts
Certification: PMG
Grade: 58 EPQ
Comments: “Exceptional Paper Quality, Cancelled”