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    Massachusetts June 18, 1776 5s 4d PMG Choice Extremely Fine 45 EPQ.
    According to Isaiah Thomas in the History of Printing in America, prior to the war, printing materials had been purchased from England. Once the war broke out, supplies had to be procured from the few mills in the Colonies. "The paper which these mills could make fell far short of the necessary supply. Paper, of course, was extremely scarce, and what could be procured was badly manufactured, not having more than half the requisite labor bestowed upon it. It was often taken from the mill wet, and unsized. People had not been in the habit of saving rags, and stock for the manufacture of paper was obtained with great difficulty. Every thing like rags was ground up together to make a substitute for paper. This, with wretched ink, and worn out types, produced miserable printing." Benjamin Edes printed this issue and Israel Hobart was the signer of this piece. Hobart was listed as one of the coroners in Middlesex in 1761. Edes published the Boston Gazette and Country Journal and was a great patriot. Like so many others, the depreciation of paper money led to poverty for Edes in his later years. There were two different due dates for the notes from this issue- June 18, 1778 and June 18, 1779. This example has the 1778 due date. An attractive, widely margined note that earned the EPQ designation from PMG and has nice eye appeal for the issue.

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    Auction Dates
    January, 2012
    5th-10th Thursday-Tuesday
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