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    Description

    State of North Carolina Army Certificate January 1, 1782 - Halifax, NC - Anderson 12 - PCGS Extremely Fine 40
    Very similar in form to Anderson NC-13 and NC-14 with the exception of the place of issue which in this instance is Halifax. More importantly the interest was specified on these at 6 percent. These small size forms, referred to as "Army Certificates," served to rectify overdue compensation for service in the American Revolution. Since the Colonial paper money was worthless, these certificates could be redeemed for the equivalent currency due, and paid interest from a specified date; they usually were payable for taxes and other state government obligations. In a way, they acted as retroactive loan forms. While we are not exactly certain, we believe these were likely included in the federal assumption plan of 1790. The italic grade on this note was assigned due to, "Restorations; Edge Tear at Top Left of Center."
    From the Thomas A. Gray Collection of North Carolina Colonial Currency


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    September, 2018
    5th-11th Wednesday-Tuesday
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