Lot 337
(Pennsylvania Loan Certificate). Unaccomplished printed loan certificate for the Commonwealth of Pennsylvania, 1p, on thin paper, 3¾"x12", Philadelphia, c. 1787. Printed by Francis Bailey, with Pennsylvania seal (ship, plow, and wheat), decorative borders, printed receipt still attached. Some marginal defects and faint dampstain. The certificate guarantees payment to the owner or bearer "on or before the first day of March" 1796, at 6% per annum, to be paid half yearly at the State Treasury. The certificate attests to the difficulties faced by the states in reducing the sizeable Revolutionary War debt. Unissued Pennsylvania loans are uncommon. Anderson, The Price of Liberty, PA13.
Estimated Value $1,500 - 2,000.
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