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    Description

    Massachusetts Commodity Bond January 1, 1780 Extremely Fine. Listed in Anderson as MA-21 and considered by him to be an R5 (31 to 75 known). These Commodity Bonds are perhaps the most interesting of all the early fiscal paper, because both their principal and interest were tied to the current price of various commodities at the date the bond had been due. The bonds were authorized to cover the depreciation of pay received by Continental soldiers. This is the scarcer variety, with the engraver's name incorporated in small letters.

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    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
    Page Views: 190
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