Lot 2075 email save

1780 Revolutionary War Treasury Bond

Sign In to see what this sold for

American Revolution

---

Revolutionary War “Commodity” Treasury Bond

January 1, 1780, Massachusetts Bay Treasury Certificate, Payable in Commodities, £166, Anderson MA-21, Very Choice Extremely Fine.
Measures a large 5.75” x 10.25”. A highly important issue, one of the first “Commodity” based bonds (and a foreshadowing of our present day Commodity trades). Inflation was so rampant at this juncture, the State was forced to tie the value of actual goods to a fixed price. Standard Colonial Era commodities such as; Beef, sheep’s wool, sole leather and corn are priced within the text. Boldly signed at the bottom left by Thomas Dawes and Richard Cranch. Multiple endorsements on the back show early partial interest payments at 6% per year. Superior in appearance with sharp printing with extremely nice eye appeal.

View Early American next auction.

Similar lots up for auction