It would seem impossible, by any illustration or argument, to over-estimate the intrinsic value of Christ's atoning blood. There are some things in religion of which we may entertain a too exalted and exaggerated conception. For example, we may have too high a view of the Church of Christ, exalting it above Christ Himself. We may hold too exaggerated and too exclusive views of Church ordinances, displacing and magnifying them, substituting their observance for vital religion, for a change of heart, for faith in Christ exclusively for justification. But no such danger lies in our study of the blood of Christ. Here our views cannot be too high, our contemplation too profound, our hearts too loving and adoring.
Consider for a moment, beloved, the ends that were accomplished by the shedding of Christ's blood. We often estimate the value of a mean by the end it secures. The Atonement of Christ was to meet the claims of God's moral government. By man's sin its holiness had been invaded, its authority contemned, its sanctions, laws, and commands outraged. Over all its glory a cloud had passed. God's eternal purpose was to save man. But He could save him only by an expedient that would remove that cloud and cause the glory it shaded to shine forth with deeper and more resplendent luster. The expedient that would thus meet the claims of the Divine government must be Divine. The Atonement that would link justice with mercy, and holiness with love, in the salvation of the Church, must be infinite in its character, and priceless in its worth. Such, in a few words, were the two grand ends to be secured, and which were secured, by the offering up of the Lord Jesus Christ. Viewed only in this light, how precious does the blood of Christ appear! Blood that could harmonize the Divine attributes—uphold the righteousness of the Divine government, making it honorable and glorious in God to save sinful man—must be precious.
It is precious blood, because it is virtually the 'blood of God.' This is a strong but a scriptural expression. Paul, in his parting address to the Ephesian elders, employs it—"The Church of God, which He has purchased with His own blood." This it is which stamps the atoning blood of the Savior with such dignity and virtue—it is the blood of Jehovah-Jesus. It possesses all the worth and glory of the Godhead—all the divine virtue and efficacy of the Deity. From this it derived its power to satisfy, its virtue to atone, its efficacy to cleanse. And this is the reason why one drop of this precious blood, falling upon a sin-burdened conscience, in a moment dissolves the weighty load, and fills the soul with joy and peace in believing. And this is why there exists not a stain of human guilt which the atoning blood of Immanuel cannot utterly and forever efface. Why, in a word, it is blood that "cleanses from ALL sin."Taken from The Precious Things of God by Octavius Winslow
HT: Grace Gems