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    Description

    Massachusetts Treasury Certificate £294 6s 3p January 1, 1780 Anderson MA-22 Very Fine.
    Listed by Anderson in The Price of Liberty as MA-22. Rarity-4. This 6% Interest Bearing "Commodity" Bond was payable in current money according as, "five bushels of corn, sixty-eight pounds and four-sevenths parts of a pound of beef, ten pounds of sheepswool, and sixteen pounds of sole leather." Signed by Dawes and Cranch for committee and H. Gardner as Treasurer. A historic original Revolutionary War Massachusetts Bond, being issued to, "cover the depreciation of pay soldiers received while serving in the Continental Army" according to Anderson. This Commodity certificate was given to Massachusetts Continental soldiers towards payment in Continental Currency, with the assurance that they would receive the proper value of their pay based upon the going rates of various commodities used, as a fix of value. Certificate reads, in part:
    "in the then current Money of the said State, in a greater or less Sum, according as Five Bushels of CORN, Sixty-eight Pounds and four-sevenths Parts of a Pound of BEEF, Ten Pounds of SHEEPS WOOL, and Sixteen Pounds of SOLE LEATHER shall then cost, more or less than One Hundred and Thirty Pounds current Money, at the then current Prices of said Articles."


    Auction Info

    Auction Dates
    September, 2019
    4th-9th Wednesday-Monday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 183

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