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Image Information

Type Currency
Title $1/5
Date October 17, 1780
Country United States
Grade Very Fine 35
Service PCGS
Denomination $1/5

State of Maryland October 17, 1780 Small Denomination Act $1/5 Fr. MD-126. PCGS Very Fine 35 Apparent. This is from a rare and distinctive series of small denomination fractional notes printed by Frederick Green, similar in style to the "Black Money" notes, but in a smaller format. The four denominations authorized are generally low grade when encountered. Boyd had two damaged notes and two that should be classified as Fine or in that range. This is the highest denomination of the four and is a choice, full note. It is believed to be High Rarity 7 (4-6 known). Noted only with "Small Edge Tears at Right; Minor Mounting Remnants on Back." This is a lovely example that faces up bright and bold. There are few known that are superior. Ex: Eric P. Newman Numismatic Education Society

From Newman VIII (Heritage Auctions, 11/2017), lot 28043, realized $2280. Image and description courtesy of Heritage Auctions,

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Auction Company Heritage Auctions
Image Collection Early Paper Money of America / Maryland / 1780 October 17 Act
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