Massachusetts Currency
August 18, 1775 Paul Revere Engraved First Massachusetts Revolutionary War Minuteman with "Sword in Hand" Issue
Colony of Massachusetts Bay. August 18, 1775. Forty Shillings. First Paul Revere Engraved Copper-Plate "Sword in Hand" Issue bearing the legend, "Issued in defense of American Liberty," Due Date of August 18, 1779. PCGS graded Very Fine-20.
Fr. MA-173. The highest denomination of the very first American Patriot, silversmith and soldier Paul Revere engraved "Sword in Hand" issue, featuring a large central vignette of a Massachusetts Minuteman on its reverse, bearing the legend, "Issued in defense of American Liberty". This note bears the signature of Henry Gardner, as Receiver General of Massachusetts for its treasury. Of historical note, following the Battles of Lexington and Concord on April 19, 1775, the Provincial Congress of MA authorized an emission of 25,998 in "Soldiers' Notes" in order to raise an army. These patriotic theme notes, engraved and printed by Paul Revere, were paid to the men who had recently found themselves facing British "Redcoat" regulars at the Battle of Bunker Hill. The Copper Plate that had originally been used for Revere's famous 1770 engraved print of the Boston Massacre was then engraved on its reverse side for printing this first wartime emergency "Sword in Hand" issue. This is a completely engraved note, excepting signature, notations, and handwritten serial number. It also bears partial "acantus leaf" design and "MBC" (Massachusetts Bay Colony) monogram at its scalloped left edge. Its PCGS VF-20 holder states; apparent stains, small rust holes, edge fraying at right from wear on its deckled outer sheet margin paper. Overall, this rare highest denomination on its issue 40 shillings note is whole and solid. Importantly complete, below this design is an "American Paper" notation, which the "Amer" of American. Its heavy rag paper also shows a partial "GR" & British Crown watermark, which refer to King George III and attests to the scarcity of locally made quality paper available for printing currency notes. A scarce important addition to any Paul Revere engraving or Revolutionary War period currency collection. Ex: Eric P Newman Collection.