Maryland Currency
1780 Maryland “Guaranteed” by the United States Issue
State of Maryland. June 28, 1780. Eight Dollars. “Guaranteed” by the United States Issue. Fully Signed. PCGS graded Choice About New-58 Premium Paper Quality.
Fr. MD-121. Conservatively graded, this “Guaranteed” by the United States Issue note bears 5% annual interest being fully signed on both its face and upon its back side “Guarantee” line. It is well centered and nicely printed in red and black. A 5% Interest rate schedule is conveniently printed in bold black on the face in the lower left corner. Quite impressive and crisp.
The production method in 1780 for any note of two or more colors meant extra work for the printer. Each sheet had to be placed onto the printing press twice, one time to print the red text and a second pass to add the black.

Each time a color was printed, the paper sheet had to be hung up to dry for a day and then laid back down, hopefully in the same exact place as proper alignment was critical, to add the second color. Obviously, this was a far more timely procedure that added extra work and cost. That is a major reason we see so few Colonial issues that are multicolor.