MA-281. Massachusetts. May 5, 1780. $4. PCGS Currency Gem New 66 PPQ.No. 12575. Signed by Dawes and Cranch. Endorsement of Peter Boyer seen on the verso. PCGS notes Hole Punch Cancelled. Tied at both grades services for Top Pop with one other note for the entire 1780 issue. Tiny central hole punch cancel is seen. These are far superior to the large hole cancelled notes that are most often encountered. If this note were truly uncancelled it would be worth $2000-$3000 at this grade level. Ex: John J. Ford, Jr. collection. A lot of value for the quality noticed here.