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Lot 89354

Image Information

Type Currency
Title Lot 89354
Date January 14, 1779
Country United States
Denomination $80
Description 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, Heritage Auctions Internet Sale (5/2017). (Description courtesy of Heritage Auctions, Realized $2585.00.

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Image Collection Eric P. Newman Collection (Internet Sale 3)
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