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    Description

    Maryland First of Exchange £30 October 10, 1774 PCGS Apparent Extremely Fine 40.
    A fascinating piece of Maryland fiscal paper that is unlisted in Anderson and therefore 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 accounts for the Apparent grade.
    From the Cherry Blossom Collection


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    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
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