Lot 141: Colonial Currency, Mass. May 5, 1780 $3 Fully Signed and Issued Crisp UNC
Historic Autographs, Civil War Encased Postage Stamps, Colonial, Revolutionary War, Federal Era, Coins, Currency, Medals
December 10, 2016
Rancho Santa Fe, CA, USALive Auction
May 5, 1780 Massachusetts Fully Signed UNC Note
MA-280. State of Massachusetts. May 5, 1780. Three Dollars. "Guaranteed" by the United States Issue. Fully Signed & Issued. Manuscript Cancel. Crisp Uncirculated.
Fr. MA-280. This desirable, collectible Revolutionary War note has been fully signed on both its face and back where it was "Guaranteed" by the United States Continental Congress, along with the 5% annual interest payment it provided. Red pen X cancel and typical red stamp denoting Interest Paid One Year on its face. Crisp Uncirculated with some light handling traces. This historically important issue was made to replace earlier notes at $40 old to $1 of this new money. Therefore, this "Guaranteed" $3 note required $120 of prior issue notes in exchange due to rampant inflation!