||State of Maryland October 17, 1780 Small Denomination Act $1/15 Fr. MD-123. PCGS Very Fine 35 Apparent. This is an extremely rare and distinctive series of fractional notes printed by Frederick Green, similar in style to the "Black Money" notes, but in a smaller format. It is the lowest denomination, very rare, and an attractive note. PCGS cites only "Mounting Remnants on Back." There were 45,000 authorized, but few exist today in any condition. Most are generally low grade when encountered. Boyd had two damaged notes and two that should be classified as Fine or in that vicinity. His "Fine" $1/10, Lot 8168 in Ford Part XV realized $5,175. This note is superior to the $1/10 note we sold in Newman VI for $2,585 (lot 19478). An important Maryland series and type. Ex: Eric P. Newman Numismatic Education Society
Realized $2467.50. Newman VII (Heritage Auctions, 10/2015), lot 18077. Description courtesy of Heritage Auctions.