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    Description

    Massachusetts 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.


    Auction Info

    Bidding Begins Approx.
    December
    20th Friday
    Auction Dates
    January
    8th-13th Wednesday-Monday
    Proxy Bidding Begins Approx.
    6 Days
    Bids + Registered Phone Bidders: N/A
    Lot Tracking Activity: N/A
    Page Views: 17
    Auction Type
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