1780 Massachusetts $4 - Colonial Currency - PCGS UNC62PPQ (Hole Cancelled)
- Grading Service: Professional Coin Grading Service Banknote - PCGS Banknote
- Grade: Uncirculated 62 Premium Paper Quality - UNC62PPQ
- Certification: 43207205
- Country: United Colonies - Colony of Massachusetts
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1780
- Issue: May 5th, 1780
- Mint: Hall & Sellers - Philadelphia, Pennsylvania
- Denomination: 4 Dollars
- Composition: Paper
- Signature: Loammi Baldwin, Richard Cracnh, & Guaranty Signature on Reverse: Peter Boyer
- Obverse: The paper is watermarked "UNITED STATES." Surcharge stamped in red ink on front: "Interest Paid one Year"
- Reverse: An emblem showing a wild boar charging into a spear with the motto "Aut mors aut vita decora" ("Either death or an honorable life"), denomination above printer and guaranty signature below
- Reference: FR# MA-281
Colonial Currency is pre-Revolutionary War paper money that was created in response to a growing economy and desperate coin shortage. Beginning with Massachusetts in 1690 to 1781, individual colonies issued notes to pay for public works, trade deficits, and other items of necessity. These notes issued by the individual colonies were known as 'Bills of Credit'. These bills of credit were usually fiat money that could not be exchanged for a fixed amount of gold or silver coins upon demand. These were usually issued by colonial governments for the payment of debts. These governments would then retire the currency by accepting the bills for payment of taxes. When colonial governments issued too many bills of credit or failed to tax them out of circulation, inflation resulted.
*Currency condition is based on our professional opinion. Pictures are representative of the note that you will receive, actual note may differ slightly, and serial numbers may vary*
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