Lot 1489: STATE OF MASSACHUSETTS BAY
29 October 2016
Brussels, BelgiumLive Auction
Description: 26 April 1779 6% Treasury certificate of 25 Pounds. black. No 425. Ref. Anderson MA18-R5 with 500 issued. Vignette of a pine tree. Issued by the State of Massachusetts Bay to help pay for the Revolutionary War against the British occupation. Massachusetts was the first state to issue these loan certificates (1776). In 1790, the Congress assumed the national debt and in the process, the individual state debts were liquidated and sunk in that action. A great piece of history.
Condition Report: VF