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    Description

    Massachusetts Commodity Bond January 1, 1780 Fine-Very Fine. This bond is 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 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 specimen was payable to James Nurse. This is also the scarcer variety, with the engraver's name, J.M. Furnass, incorporated in small letters within the loop of the final "r" in "Treasurer" in the lower right corner. However, only remnants of that imprint remain. The wear on this note includes tape repairs and left edge chipping. Still a rare item that is much better in appearance than it is in description and it is also a direct link to America's fight for independence.

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    Auction Dates
    September, 2008
    9th Tuesday
    Internet/Mail Bids: 1
    Lot Tracking Activity: N/A
    Page Views: 275

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