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Massachusetts 1781 $16 PMG Choice Extremely Fine 45 EPQ.. ...
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Massachusetts 1781 $16 PMG Choice Extremely Fine 45 EPQ.We have handled a number of these items which were extremely rare until about six years ago when a small group (our best guess is about a dozen) turned up. This is one of those $16 notes. At the time, we sold three of those pieces in one sale, with the following description, "The entire issue is unpriced in Newman and noted as 'Extremely Rare' in Friedberg. Until this small group appeared, no examples were known of this $16 denomination, and the other denominations ($4, $6 and $8) were represented by one to three of each. These three notes turned up with a large group of canceled Massachusetts Guaranteed notes and a small group of high-grade Massachusetts fiscal paper." As of this writing, the $16 has become the most common denomination with about a dozen now known. A few VFs have sold for between $600 and $700 recently. This nice XF/AU, which has been assigned PMG's exceptional paper quality comment, should realize right around $2000. HOC.
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