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Colonial Currency NH April 29, 1780 $8 Guaranteed

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New Hampshire Currency

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Gem Uncirculated April 29, 1780 "Guaranteed" Issue Note

State of New Hampshire. April 29, 1780. "Guaranteed By the United States" Issue. Eight Dollars. Hole Cancel. PMG graded About Uncirculated-53.
Fr. NH-185. This crisp note is fully signed and endorsed on both its face and back. It is beautiful in quality, printed in both red and black and having four large margins. The colorful red, brown and violet signatures add to this notes special eye appeal. The printing is sharp and dark, the paper quality is fresh and clean. This 1780 issue carries a 5% yearly interest, which is "Guaranteed" by the United States.

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.

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