3029

Act of June 30, 1812 Treasury Department Circular

Currency:USD Category:Coins & Paper Money Start Price:500.00 USD Estimated At:0.00 - 0.00 USD
Act of June 30, 1812 Treasury Department Circular
SOLD
1,200.00USDto 2***5+ (240.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2019 Mar 29 @ 18:51UTC-4 : AST/EDT
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From the John J. Ford collection described as “An important circular from the Treasury Department dated September 21, 1812. Partly printed form. Two-page text folded with blank leaf for mailing. Tall quarto, 19.0cm by 32.0cm. Fully issued form addressed to the Collector of Customs at Marblehead and signed by Albert Gallatin [as Secretary of the Treasury]. The document was folded for Free Frank by Gallatin (signed) and postmarked October 7 [1812]. There are wax seals still attached. This circular was sent with redemption forms for the June 30th notes and procedures for their return and interest payments. The method of calculating interest is specified and the period for reporting specified (in this case weekly). The circular directs that monies held in these notes be reported in this weekly fashion. A fascinating circular and the first we have seen. This collateral item is perhaps as rare as the notes and an important document to the financial historian and collector of Interest-Bearing bill and War of 1812 notes. Extremely Fine, natural folds from the mailing and exceptional in all regards.” We agree that this is an exceptional and unique item that should be in the finest War of 1812 Treasury note collection.
Pedigree: The Anderson Collection