NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2003 Jun 07 @ 09:00UTC-08:00 : PST/AKDT
<b>¥ Maryland Currency</b><hr><b>Rare, Uncut Pair of Sight Drafts from Maryland</b>
<b>Rare Uncut Pair of Sight Drafts from Maryland</b>
Uncut Pair of Continental Loan Office Sight Drafts Signed, 'F. Hopkinson' as Treasurer of Loans for the United States, May 11, 1781, (Philadelphia), 8'x 8,' Choice Extremely Fine or better. Exchange draft (Anderson US 95, 4A) in the amount of 18 dollars (90 Louis Tournois), payable with interest to Gerrard Alexander, drawn on the American Commissioner at Paris. Countersigned by Thomas Harwood, Commissioner of the Continental Loan-Office in the State of Maryland. Small endorsement by Alexander on the reverse. Printed in light green and black ink, completed in manuscript. These are the third and fourth of four bills, the first two presumed lost. According to William G. Anderson in THE PRICE OF LIBERTY, 'These bills (US94-US103) were issued in an uncut sheet of four and were redeemable in Paris...If the first bill was lost or captured at sea (ship captains had standing orders to weight bills of exchange and throw them overboard if stopped by a British ship of war), the holder would then send the second bill; if it too was lost, he would send the third, and so on.'
Anderson lists these as Low R-7 (7 to 12 known) and these are the first Continental Loan Office Sight Drafts of this type that weÕve ever offered. Thus, the appearance of this uncut pair is of even greater significance.
Auction Location:
United States
Previewing Details:
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<p>1. This is a Mail Bid, Phone & Fax Auction, Closing Date: June 7, 2003. Mail, Phone & Fax Bids accepted, these absentee bids will be executed over eBay Live Auctions on Sunday, June 8th, beginning at 10 AM Pacific Time. The sale is conducted in accordance with the regulations of the State of California and the City of San Diego.
<p>2. A 15% "Buyer's Premium" will be added to the final "hammer price" of each lot. All bids placed through eBay Live Auctions will carry a 20% "Buyer’s Premium.Ó This Sum will be the Purchase Price. Consignors who purchase lots, even if they own them, are subject to this fee in addition to the contracted "Seller’s Fee". An additional 2.5% Service Fee will be added to ALL Invoices paid by Credit Card.
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