Lot 4301
Massachusetts. May 5, 1780 $5 Colonial currency. Otherwise a fresh appearing note with three wide margins and the bottom into the design somewhat. Lovely red and black design on the back. Much of this issue, due to the inflationary consequences of the unbacked currency, became worthless by 1781, causing much hardship for the public and stressing the Continental armies who had to pay for provisions in the fast depreciating notes like this. PCGS graded Apparent Extremely Fine 40. Piece Missing from Bottom Edge.
Estimated Value $50 - 75.
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| Realized $196 |
