NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 11:00UTC-4 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1798, Connecticut. Interest certificate ordering Andrew Kingsbury, Treasurer to "Pay to Jonathan Gilbert, Three Dollars & Sixty-six Cents, It being the amount of Interest which he is entitled to receive from this state, on stock in the United States Funds transfered to him by said state, pursuant to a resolve of the General Assembly in October 1794." Upon federal settlement of state accounts, Connecticut received enough federal stock to pay its remaining debts, (i.e. to redeem the Imlay certificates). The United States stock issued to the state was not initially transferable on the books of the Treasury, and until this was changed, the state held the stock in Trust for its creditors and issued them state warrants, of which this is one, transferring the interest that the stock received. (Anderson pg. 121) An interesting example of the financial machinations ocurring at this time. Uncancelled and excellent condition.
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