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    Description

    Continental Loan Office Bill of Exchange November 1, 1779 Extremely Fine. Listed as US 95 in Anderson, this is an uncut pair consisting of a third and fourth of exchange for $18. This pair is from Massachusetts and is the most common Anderson signature combination: 5A, Hopkinson/Appleton. These bills were printed in sheets of four, consisting of a first, second, third and fourth of exchange. Each was due thirty days after sight, unless one of the others had been paid. This system was used for decades, as mail, particularly long-distance or overseas mail, was chancy at best, and often four identical bills with the same serial number would be sent by different routes or at slightly different times for the same purpose. When one of that serial-number sequence was received in the paying-office, the other three would become valueless. The Continental Loan Office Bills of Exchange are known mostly by thirds and fourths that have survived. Seconds are rare, and no firsts are known to exist.

    Auction Info

    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 260
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