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Lot 89373

Image Information

Type Currency
Title Lot 89373
Date 1781
Country United States
Denomination $16
Description State of the Massachusetts Bay - (Act of May 2, 1777) 6% Treasury Loan Certificate due May 10, 1782 144 Pounds Aug. 21, 1777 Anderson-Smythe MA-9. PCGS Very Fine 25. This bond is a second, major type from the complex "Sword in Hand" emblem series. The due date changes; the obligation is different and removes reference to the authority granted by the 1744 Act of Parliament during the reign of George II. Printed from a Nathaniel Hurd plate on laid paper. 21.0 cm by 23.0 cm. The overall layout is similar to MA-8. At upper left is the circular emblem of a rattlesnake surrounding a standing patriot. He holds a sword and "INDE/PEND/ENCE" scroll and is encircled by the Latin motto ENSE PETIT PLACIDAM SUB LIBERTATE QUIETAM. Intricate floral bordering is on three sides, and a double-line frame is at the top. The left end was indented at issue. Roman font obligations are across with spaces for date, serial number, denomination, issuee, and signatures. "Treasurer" (lower right) and "1777" (upper right) are engraved. An embossed stamp is on the text portion. No. 167. Issued and signed by Jeffries, Cheever, and Henry Gardner (pen cancelled). A red diagonal interest endorsement is at right on the face, and the back has the docketed endorsement that this was received for a "console" in 1782. Without faults, and nearly impossible to encounter as such. Broad and fully sized. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017). (Description courtesy of Heritage Auctions, Realized $399.50.

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