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Early Paper Money of America / New Hampshire / 1780 April 29 Act

$145,000 in legal tender Bills of Credit payable in Spanish milled dollars by Dec. 31, 1786 with 5% interest pursuant to the Act of April 29, 1780 and in accordance with a Continental Congress Resolution of March 18, 1780, guaranteeing the payment of the Bills and making the amount issued dependent upon the amount of Continental Currency exchanged at $40 (old) for $1 (new). Face in black and back in red and black. Face border cuts and back cuts surrounding the emblems were engraved by Henry Dawkins, a former counterfeiter for the British. Border cuts and emblems on the backs were from the Jan. 14, 1779 issue of Continental Currency. Printed by Hall & Sellers in Philadelphia on paper watermarked CONFEDE on one line and RATION below. Usually punch cancelled. Signers were James McClure, Joseph Pearson, and Ephraim Robinson. The Guaranty was signed by John Taylor Gilman or Nicholas Gilman. “Sometimes stamped in red ink Int. Pd 1 Yr.”
Signatures of J. Hull and Clarissa Robinson sometimes above the interest box may be for control purposes.

$1 [2,900]
$2 [2,900]
$3 [2,900]
$4 [2,900]
$5 [2,900]
$7 [2,900]
$8 [2,900]
$20 [2,900]

Values are for uncancelled bills. Typically seen hole cancelled.
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