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Lot 1489: STATE OF MASSACHUSETTS BAY

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

October 29, 2016

Brussels, Belgium

Live Auction
Sold
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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

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