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    Description

    Incredible Commodity Bond. Listed as MA 20 in the Anderson book, this is the earliest and scarcest of the three types of commodity bonds. The name of these bonds is derived from the bonds' wording where, as a protection against inflation, the notes were payable according to the current value of various commodities, in part "to be paid in the then currect money of said State, in a greater or less sum according as five bushels of corn, sixty-eight pounds and four-seventh parts of a pound of beef, etc . . . " Sheep's wool and sole leather are also mentioned. This is the variety with the engraver's name printed on a straight line below the "s" of Treasurer. This one is in spectacular condition, fully uncirculated save for light quarter folding. Broadly margined, bright, boldly signed and with a huge part of the indent present. This and the following lot are the two finest Commodity Bonds we have ever seen. They list as low R-6 in Anderson, indicating 21 to 30 surviving examples.

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    Auction Info

    Auction Dates
    September, 2003
    26th-27th Friday-Saturday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 235

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