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Lot 89370

Image Information

Type Currency
Title Lot 89370
Date 1781
Country United States
Denomination $16
Description State of the Massachusetts Bay - (Act of May 2, 1777) 6% Treasury Loan Certificate due June 1, 1780 35 Pounds March 20, 1778 Anderson-Smythe MA-8. PCGS Very Fine 30 Apparent. This bond is from the complex "Sword in Hand" emblem series featuring additional authorizations and redemption due dates. These have another very iconic Massachusetts engraved style. Printed from a Nathaniel Hurd plate on laid paper. 20.5 cm by 23.0 cm. At upper left, a rattlesnake frames a standing patriot holding a sword and the INDE/PEND/ENCE scroll; the Latin motto circling around is ENSE PETIT PLACIDAM SUB LIBERTATE QUIETAM (By the sword we seek peace, but peace only under liberty, the Commonwealth of Massachusetts motto). Intricate floral bordering is on three sides, and the top has double-line frame. The left end is indented, as issued. Mixed font obligations are across with spaces for date, serial number, denomination, issuee, and signatures. The obligation specifies authority granted under George II for the bonds (the same as in the obligation of MA-1). "Treasurer" is engraved, not written. An embossed stamp is on the text portion. No. 707 (serial numbers 501-800, per Anderson). Issued and signed by Jeffries, Davis, Sumner, and Henry Gardner (pen cancelled). A light interest endorsement is at right on the face, and the back has a docketed endorsement. There are only some "Small Splits" noted by grading. A gorgeous, premium quality example with the noted splits confined to the widest edges. Printed from a well-inked, early state plate, and exemplifying this Nathanial Hurd "Sword in Hand" bond well. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017). (Description courtesy of Heritage Auctions, Realized $423.00.

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