 Commissioners of the Loan Office of the City of Charleston. Undated (1786), Ordinances of July 12th and October 20, 1786. Five Shillings & Three Pence. No.4561. Signed by J.[ohn] Huger and T. Jones. 180mm by 81mm. Uniface, printed on thin laid paper with a visible circular watermark. Wide format note with pattern border on three sides. At the lower left two sheaves of wheat. Across the centers, the obligation texts and city in seven lines. These were payable...'for all DEBTS, DUTIES, TAXES or RENTS...' These were ...'exchangeable on demand.' at the Loan Office. Slight changes in the wording, primarily '...secured by a deposit of BILLS of the PAPER MEDIUM or of GOLD or SILVER....' At the base, 'ABERNATHIE./FECIT' within scroll. The Newman Plate Note, so illustrated on page 424 of the fourth edition.
A second denomination on this important change bill series on the City of Charleston. These notes acted as short tear loan certificates and the ''Tax'' payable clause was typical for such instruments. For a rarity such as this, superb condition. For the note, Very Fine. Crisp paper with excellent body for the type. There is a small circular arc void at the lower right field. Three wide margins from being at the top of the sheet. The bottom margin is trimmed in slightly. A patch of foxing and some minor pinholes. Another South Carolina rarity with extreme importance in its corner. We have not seen another like it.
Ex F.C.C. Boyd Estate.
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