- More
United States of America - Continental Loan Office in the State of "Connecticut" Exchange for $30/150 Livres Tournois Third Bi...
Click the image to load the highest resolution version.Description
CHOICE FRANCIS HOPKINSON-SIGNED CONNECTICUT LIVRES TOURNOIS CERTIFICATE
United States of America - Continental Loan Office in the State
of "Connecticut" Exchange for $30/150 Livres Tournois Third Bill,
Payable at Paris March 10, 1779 Anderson-Smythe US-97-1A. PCGS Very
Fine 35.The Continental Loan Office certificates comprise a series of United States obligations collected with Colonial American currency and United States Federal Loans. These Bill of Exchange certificates were denominated in dollars and European equivalents depending on whether they were ultimately payable abroad or domestically at an authorized location. They represented the interest payments due for "Money borrowed by the United States" from the federal loan sales made at individual state loan offices as noted at the lower left of the obligations. They were printed in sheets of four "Bills," from a "First" at the top to a "Fourth" at the bottom. One or more could be sent simultaneously as necessary for payment abroad. Upon redemption of a First Bill, the other three would be void. According to William G. Anderson in The Price of Liberty, "If the first bill was lost or captured at sea ... the holder would then send the second bill; if it too was lost, he would send the third, and so on. In several instances Congress authorized duplicate sets issued when all four had been lost at sea ..." Only two "First Bills," both sold by us, have been confirmed extant as almost all were redeemed or destroyed. The majority known are Fourth Bills.
This Connecticut certificate is representative of the most commonly encountered "at Paris" series. Printed on laid paper, watermarked "United States 3." The exchange bill numeral is incorporated into the watermark for counterfeit deterrence. (According to author and collector Ned W. Downing, the molds for the watermarked laid paper were fashioned by Nathan Sellers, who was released from military service for this purpose. See "Transatlantic Paper and the Emergence of the American Capital Market" in The Origins of Value, 2003.) 21.0 cm by 9.5 cm. The common layout has black typeset titles, obligations, denominations, and blanks for issuance across. Ornamental bordering is at right. Left and top are printed in aqua. The indenting design is at left, and the denomination at top left with the serial block in the upper right corner. No. 546. Issued to Odiah Loomis, countersigned by John Lawrence for Connecticut. Signed by Declaration of Independence signer Francis Hopkinson (of Pennsylvania) as the "Treas'r of Loans," engraved and printed in aqua. The back has a curious endorsement to a third party. A bold example, very full and broad sized. With sharp color and minus the ink erosion often encountered on this series and type of laid paper. The Hopkinson signature is superb. Though Connecticut Livres Tournois certificates are available, the condition of this example makes it an ideal type piece from this interesting chapter in the early debt financing of the United States. Underrated in this high quality.
Ex: Eric P. Newman Numismatic Education Society.
Shipping, Taxes, Terms and Bidding
Calculate Standard Domestic Shipping
Sales Tax information | Terms and Conditions
Bidding Guidelines and Bid Increments
Glossary of Terms
Auction Info
Buyer's Premium per Lot:
17.5% of the successful bid (minimum $19) per lot.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
Floor auctions
Open for bidding: (View All)World & Ancient Coins
Ends on 04/24/2018
Illustration Art
Ends on 04/24/2018
Fine Art
Ends on 04/24/2018
Silver
Ends on 04/25/2018
US Coins
Ends on 04/25/2018
Currency
Ends on 04/25/2018
Currency
Ends on 04/26/2018
Jewelry & Timepieces
Ends on 05/01/2018
Fine Art
Ends on 05/04/2018
Nature & Science
Ends on 05/05/2018
Comics & Comic Art
Ends on 05/10/2018
Space
Ends on 05/11/2018
Western & Texas Art
Ends on 05/12/2018
Musical Instruments
Ends on 05/12/2018
Decorative Art
Ends on 05/16/2018
Sports Collectibles
Ends on 05/17/2018
Fine Art
Opens about 05/03/2018
Fine Art
Opens about 05/25/2018
Comics & Comic Art
Opens about 05/14/2018
Historical
Opens about 05/14/2018
Photography
Opens about 05/15/2018
Fine Art
Opens about 06/07/2018
Fine Art
Opens about 05/18/2018
Old West
Opens about 05/21/2018
Decorative Art
Opens about 05/18/2018
Luxury Accessories
Opens about 05/21/2018
Arms & Armor
Opens about 05/22/2018
Jewelry & Timepieces
Opens about 05/11/2018
US Coins
Opens about 05/25/2018
Comics & Comic Art
Opens about 05/29/2018
Fine Art
Opens about 05/28/2018
Fine Art
Opens about 05/29/2018
Heritage membership
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
winnings
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
I think heritage is the best auction house and has the best service - that’s why I use you.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)