Skip to main content
Go to accessibility options



    United States of America - Continental Loan Office in the State of "Georgia" Exchange for $120/600 Livres Tournois Fourth Bill, Payable at Paris April 13, 1782 Anderson-Smythe US-100-3B. PCGS Very Fine 25 Apparent.
    An exceedingly rare and important Georgia "Livres Tournois" certificate, issued later than most Continental Loan Office certificates. This is a distinct type with differences from the earlier Livres Tournois forms. Though this is a Fourth Bill, it met with some heavy handling. In addition to this certificate being from a location not confirmed in the Anderson-Smythe catalog, it is also signed twice by Michael Hillegas: once as "Cont. Treas'r in behalf of the" Commissioners of the State of Georgia (that is, there is no Georgia Treasurer signature), and also as "Treas'r" at the lower right. Printed on laid paper, watermarked "United States 4." 20.0 cm by 9.8 cm. The style is similar to the previous, but printed nearly entirely in olive green, with all texts, right ornamentation, and engraved partial date "178_" in color. The indented left end, top, and "Treasr. of Loans" are printed in black. Serial No. 1344. Issued to Daniel McMurphy. Signed by Michael Hillegas twice as noted earlier, and endorsed by McMurphy on the back. A fascinating Federal instrument from the Newman Collection. It acted immediately on behalf of the state, because it was guaranteed directly through Treasurer Hillegas' office, for the assumption of interest due on the money borrowed by the United States. Noted with "Ink Erosion and Hinge Repairs; Small Edge Tears." Though there are faults, it still maintains excellent color, and both Hillegas signatures are strong. A key example for the American fiscal paper specialist.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2017
    3rd Wednesday
    Internet/Mail Bids: 12
    Lot Tracking Activity: N/A
    Page Views: 257

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
    Sold on May 3, 2017 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2022 April 22 Paper Money Fair - Netherlands World Banknote Signature® Auction - .

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search