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    Description

    Massachusetts Commodity Bond January 1, 1780 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 Eastman Hutchins. Embossing is clearly evident. A rare item that is a direct link to America's fight for independence.


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    Auction Dates
    August, 2010
    11th-16th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
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