1943

Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 73 pounds, 18 shillings, 1

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:280.00 USD Estimated At:350.00 - 500.00 USD
Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 73 pounds, 18 shillings, 1
SOLD
280.00USDto i********s+ (42.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2011 Apr 28 @ 15:45UTC-4 : AST/EDT
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Massachusetts Bay commodity bond, dated January 1, 1780, in the amount of 73 pounds, 18 shillings, 1 penny, serial #802. Anderson MA-20. 5" x 10-3/4". 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 Jonathan Mehurin, and engraved by J.M. Furnass, whose name is clearly printed at bottom. Nice Fine with folds, rare (R6 in Anderson) and possibly more so in that the due date of March 1, 1785, is outside the range stated by Anderson (1781-84).