Maryland Currency
1780 Maryland Fully Issued "Guaranteed" 5% Interest Note
State of Maryland, June 28, 1780, Three Dollars, 5% Interest Per Annum "Guaranteed" by the United States Issue, Fully Signed and Issued, Choice Crisp About Uncirculated.
Fr. MD-117. This popular Maryland Revolutionary War issue note is boldly printed in red and black and has choice eye appeal appearing Crisp Uncirculated. It is fully signed with clearly readable brown ink signatures. Its typeset red and black printed text and all designs appear sharp on special "UNITED / STATES" watermarked laid period paper. 1780 "Guaranteed by the United States" issued notes were backed by the Continental Congress, each carried a promised 5% Annual Interest with an interest payment schedule actually shown printed on the face at lower left.
These notes were authorized by Acts passed by Continental Congress Resolutions of March 1780 "guaranteeing" their payment with its stated 5% interest. The amount of value issued was dependent on the amount of prior issued Continental Currency notes exchanged at an exchange rate of $40 (old notes) for $1 of this new issue!
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Political Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, Maryland Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, Revolutionary War, George Washington, Continental Congress, Independence Hall, Fiat Currency, Currency Printing, Benjamin Franklin, Maryland Paper Money