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    Description

    Massachusetts Commodity Bond £365 January 1, 1780 Anderson MA-20 PMG Very Fine 25 Net, 3 HOC.
    Commodity Bonds are perhaps the most interesting of all the Massachusetts fiscal paper because both their principal and interest were tied to the current price of various commodities (corn, beef, sheep's wool, sole leather) at the date the bond was due. The bonds were authorized to cover the depreciation of pay received by Continental soldiers and sailors. This bond is a direct link to America's fight for independence. The Net grade is for being cancelled and stained.


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    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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