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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 and has been hole cancelled. 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. We know of two other pieces, also $16, that turned up with this group. All three of the pieces that we offer are essentially identical, varying only in centering. Had but a single piece turned up, it could well have realized $15,000 or more. With this small group all appearing at once, an accurate estimate is impossible. We're confident that these pieces will surely realize . . ." At that sale, the three pieces each realized between $5400 and $6600. Prices have sagged considerably since that time though they're still far from common. Our best guess is that we are at the current low point for these and this piece will likely realize right around...


    Estimate: $1,500 - up.

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    Auction Info

    Auction Dates
    June, 2011
    7th Tuesday
    Internet/Mail Bids: 0
    Lot Tracking Activity: N/A
    Page Views: 229

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