Lot #51098 - Principio Company First Bill of Exchange 35 Pounds
Colonial Currency > Maryland
Principio Company First Bill of Exchange 35 Pounds
Grade: VF
Serial #7. August 24, 1768. Signed by Thomas Russell. Some internal and edge splits. "At Sixty Days Sight of this my first Bill of Exchange....." By the early 18th century England had depleted its iron ore supply due to hundreds of years of mining. Maryland was found to have lots of iron ore, particularly near Principio Creek, and half of the iron shipped to England between 1718-1755 came from here. Most pre-Revolutionary fiscal documents are scarce. This First Bill of Exchange is the only one we have seen and it is presumed to be quite rare.
Current Bid:
$ 360.00
Estimate:
($ 600.00 - $ 1,200.00)