Massachusetts Treasury Certificate £410 January 1, 17...Click the image to load the highest resolution version.
Auction Preview: Preview items may not have yet been properly described or vetted, and items are posted as soon as they have a description or a picture. We are continuing to add and correct information as we approach the auction posting date, so check back here often and Contact us with any comments or suggestions.
DescriptionMassachusetts Treasury Certificate £410 January 1, 1780 Anderson MA-22 Very Fine.
Listed by Anderson in The Price of Liberty as MA-22. Rarity-4. This 6% Interest Bearing "Commodity" Bond was payable in current money accordingly as, "five bushels of corn, sixty-eight pounds and four-sevenths parts of a pound of beef, ten pounds of sheeps wool, and sixteen pounds of sole leather." Signed by Dawes and Cranch for committee and H. Gardner as Treasurer. A historic original Revolutionary War Massachusetts Bond, being issued to, "cover the depreciation of pay soldiers received while serving in the Continental Army" according to Anderson. This Commodity certificate was given to Massachusetts Continental soldiers towards payment in Continental Currency, with the assurance that they would receive the proper value of their pay based upon the going rates of various commodities used, as a fix of value. Certificate reads, in part:
"In the then current Money of the said State, in a greater or less Sum, according as Five Bushels of CORN, Sixty-eight Pounds and four-sevenths Parts of a Pound of BEEF, Ten Pounds of SHEEPS WOOL, and Sixteen Pounds of SOLE LEATHER shall then cost, more or less than One Hundred and Thirty Pounds current Money, at the then current Prices of said Articles." Seen with some edge splits but superior to many that we have offered.
Heritage Signature® Auctions: Heritage Live®:After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)
Heritage Signature® Auctions Floor Sessions
Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.