1779  (1911)  [They] turned out two hundred and eighty-seven quintals of merchantable fish.
1837  Merchantable Dry Cod is selling in Halifax at 17s. 6d.
1883  When thoroughly dried [cod] have a whitish appearance and are then ready for storing. In due time they reach the merchant's wharf or store, where they are weighed and "culled" or sorted into four different kinds called Merchantable (the best), Madiera, West India (intended for the consumption of the Negroes) and Dun, or broken fish, which will not keep, and is intended for home use.
1957  Durned old fool got lippy about the cull. Trying to tell me his sunburned fish should have gone merchantable.