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 bill was the highest denomination of the series. This example is uncancelled which is exponentially harder to find than its hole cancelled counterpart.
Signers: 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 “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 bill was the highest denomination of the series. This example is uncancelled which is exponentially harder to find than its hole cancelled counterpart.
Signers: Ebenezer Wales, Peter Boyer (Guaranty)
