1944

Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 1060 pounds, serial #10655

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:250.00 USD Estimated At:400.00 - 600.00 USD
Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 1060 pounds, serial #10655
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Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 1060 pounds, serial #10655. Anderson MA-22. 5" x 11". Linking its value to commodities like corn and beef, bonds like this were authorized to cover the depreciation of pay received by Continental soldiers and sailors, with embossed seal over value, curved-cut left-hand margin and X's over signature of Treasurer H. Gardner from redemption, this specimen also signed by committeemen M. Dawes and R. Cranch, payable to Ensn William Hildreth, VF with light folds, with faint "First Year Interest paid £63...12" handwritten near right edge on front and “Wm Hildrith, 1317/44, March 1 1783…£112.4.3...” handwritten on back.