Very Rare Canada $10 Army Bill 1815Quebec, LC- $10/50s/10 Piastres Army Bill January 1815
The army bills were issued for the purchase of supplies and the payment of troops during the War of 1812. These bearer instruments were legal tender and were issued from the Army Bill office in Quebec. Charlton lists dates of 1813-15. Each issue within those dates utilized a different format. Pages 4-7 discuss and list these notes in the 26th Charlton edition, but they are not given catalog numbers. All but one example is declared as "very rare" in Charlton, and the lone piece without "very rare" is priced at $22,000 in VG. The PMG Choice Extremely Fine 45 note that we are offering is from the last issue for this War of 1812 emergency emission. It is fully issued with its two manuscript signatures, and it is much nicer than any of the examples plated in Charlton. Virtually all of these notes were quickly redeemed in 1815, as they did not earn any interest after that date. The last example that we auctioned was of this denomination and date. It graded PMG VF 35 and brought $17,625 in September 2013. Tonight's nicer example should bring considerably more.
Estimate: $23,500 - $35,000.
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