Description

    Maryland First of Exchange £30 October 10, 1774 PCGS Apparent Extremely Fine 40.
    A fascinating piece of Maryland fiscal paper that we have not seen before. It is unlisted in Anderson, indicative of some considerable rarity. Adding measurably to the importance of this piece is the fact that it is a First of Exchange. The hazards of transportation during those early days prevented many fiscal documents from reaching their destinations. If the first bill did not reach its intended location, the second bill was to be sent. If that bill did not reach its destination, the third bill was sent. Therefore first bills are the scarcest and most desirable as seconds and thirds were invariably remainders. A challenge to estimate, but undoubtedly very important to any Maryland specialist. PCGS mentions a small edge tear which is present, but nearly invisible and that accounted for the apparent grade.


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    Auction Dates
    January, 2011
    5th-10th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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