AMERICAN REVOLUTION]. HOPKINSON, Francis (1737-1791), Signer, New Jersey . Partly printed document signed ("Fr.Hopkinson"), a Continental Loan Office bill of exchange, Pennsylvania issue, the 2nd bill from a sheet of four, #225, in the amount of "Six Hundred Dollars, in Three Thousand Livres Tournois," paid to the order of "John Bayard," for "Interest due on Money borrowed by the United States," countersigned by Thomas Smith and John Bayard, n.p., 17 December 1779. 2 pages, an oblong (3 5/8 x 8 5/16 in.), accomplished in manuscript, decorative border in left-hand margin printed in black ink, left margin preserving original deckle edge, very minor dampstaining at lower right, small hole , otherwise in very fine condition. William G. Anderson, The Price of Liberty (Charlottesville, 1983), US 102 - 10A, pp. 88-89. AN EXTREMELY RARE $600 DENOMINATION CONTINENTAL LOAN OFFICE BILL OF EXCHANGE After the promise of loans from the French Government, a financially strained Continental Congress began issuing loan certificates whose interest would be paid through bills of exchange drawn on American credits in France (for further details, see lot 84). The bills (in denominations of 18, 24, 30, 36, 60, 120, 300, 600, and $1200) were issued from a loan office in the state in which they were purchased, and were printed four to a sheet, each with a watermark corresponding to its number within the group (to prevent forgery). The present example is marked "UNITED STATES 2" and is from the series issued in Pennsylvania. While Pennsylvania bills are, in general, fairly common, those bearing the $600 denomination from any state are EXTREMELY RARE (in 1983, Anderson asserted that there were no known examples of the $600 certificate).
AMERICAN REVOLUTION]. HOPKINSON, Francis (1737-1791), Signer, New Jersey . Partly printed document signed ("Fr.Hopkinson"), a Continental Loan Office bill of exchange, Pennsylvania issue, the 2nd bill from a sheet of four, #225, in the amount of "Six Hundred Dollars, in Three Thousand Livres Tournois," paid to the order of "John Bayard," for "Interest due on Money borrowed by the United States," countersigned by Thomas Smith and John Bayard, n.p., 17 December 1779. 2 pages, an oblong (3 5/8 x 8 5/16 in.), accomplished in manuscript, decorative border in left-hand margin printed in black ink, left margin preserving original deckle edge, very minor dampstaining at lower right, small hole , otherwise in very fine condition. William G. Anderson, The Price of Liberty (Charlottesville, 1983), US 102 - 10A, pp. 88-89. AN EXTREMELY RARE $600 DENOMINATION CONTINENTAL LOAN OFFICE BILL OF EXCHANGE After the promise of loans from the French Government, a financially strained Continental Congress began issuing loan certificates whose interest would be paid through bills of exchange drawn on American credits in France (for further details, see lot 84). The bills (in denominations of 18, 24, 30, 36, 60, 120, 300, 600, and $1200) were issued from a loan office in the state in which they were purchased, and were printed four to a sheet, each with a watermark corresponding to its number within the group (to prevent forgery). The present example is marked "UNITED STATES 2" and is from the series issued in Pennsylvania. While Pennsylvania bills are, in general, fairly common, those bearing the $600 denomination from any state are EXTREMELY RARE (in 1983, Anderson asserted that there were no known examples of the $600 certificate).
.jpg "Source: Christie's")
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.jpg "Source: Christie's")
.jpg "Source: Christie's")
