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    Important First Bill of Exchange- One of Two Known

    Continental Loan Office Bill of Exchange First Bill- $30 Nov. 4, 1778 Anderson US-97/MA-5A. PMG Extremely Fine 40 EPQ. In our 2003 St. Louis, MO (CAA) Signature Sale #322, we sold a First Bill of Exchange for $2990. The description included the following, "What makes it particularly valuable is the fact that it is a 'First Bill.' Four copies of each bill were sent. If the first bill was received, it was valid and used, but many bills were lost, captured or otherwise went astray. As soon as any one of the set made it to Paris, the others in the set lost all value. Consequently, third and fourths are very common, According to William G. Anderson in The Price of Liberty, 'Presently, no first bill of exchange is known to have survived, second bills are rare, and third and fourth bills are very common.' We know of the existence of only one other 'first.'" The example being offered tonight is that other First Bill of Exchange. Signed by Hopkinson and Appleton and payable to John Simpkins, this wonderful note is bright, problem free and earned the Exceptional Paper Quality designation from PMG. Redeemable in Paris, it bears serial number 72. According to the endorsements on the back, Simpkins signed this note over to Samuel Parkman who in turn signed it over to Jon Williams. Jonathan Williams served as the commercial agent in Nantes, the port of entry generally used in France for tobacco and produce shipments from the United States. More interestingly, he was Benjamin Franklin's nephew. One fortunate bidder will be the latest to lay claim to this $30 when the hammer falls tonight.
    From The Midnight Ride Collection

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    Auction Info

    Auction Dates
    September, 2009
    9th-13th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 5,112

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