169
“We jointly and Severally Promise For Ourselves [,] Partners to take this Bill…” September 9, 1740.
Currency:USD
Category:Coins & Paper Money
Start Price:3,200.00 USD
Estimated At:NA
SOLD
7,000.00USD+ buyer's premium (1,400.00)
This item SOLD at 2023 May 20 @ 17:14UTC-7 : PDT/MST
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
“We jointly and Severally Promise For Ourselves [,] Partners to take this Bill…” September 9, 1740. Three Pence. Manufactory Bill. Fr. MA-87.7. PCGS Good-6 Details. Small Edge Repair, Backed, Reassembled. As illustrated.
Description: Laid paper. Serial number faint to non-existent; the Stack’s cataloger suggested “No. 394?” 105mm by 110mm. Signed by (G.) Chardon, (Samuel Trus?)ty, and (George Leonard?); the signatures are weak and mostly illegible, therefore the guesswork. Probably Uniface, but backed with thin cardboard from a long-ago era. Inked “iryx” cost code on back, older edge trimmed so that the backing cardboard is now flush with the edges all around. Bruce Hagen, chief cataloger of the early Ford notes, had interesting things to say about this note, including: “For the advanced collector, the technical grade for this note is academic, because we have never seen an example of a note from this issue offered for public sale.” That was May, 2004. In the ensuing 19 years, how many MA-87.7 notes have you seen or even heard tell of?
Manufactory Bills and their contemporary counterparts, the Silver or Specie Bank notes, were circulating at the same time and in heated competition with each other. By 1741, both businesses had been ordered to close at His Majesty’s command. After the Crown passed its opinion, the notes of both companies were withdrawn, accounting for their enormous rarity today.
Pedigree: Ex F.C.C. Boyd Estate; Stack’s sale of the John J. Ford Collection, May w2004, Lot 522. (Ford Price Realized: $9,775)
FR#: MA 87.7
Grading Service: PCGS
Grade: Good 6 details
Ford Price Realized: $9,775
Auction Location:
1550 Tiburon Blvd. Suite G201, Tiburon, California, 94920, United States
Previewing Details:
auctions.kagins.com
Numismatic sales tax exemption for dealers with valid resale certificate.
Sales tax applies to invoices shipped to: CA if <$1500 and CT,LA,MD,MA if <$1000 DC,KS,KY,MN,MI,NV,NJ,NM,NY,OH,TN,WI.
Sales tax applies to currency invoices shipped to:
AL,CA,CO,CT,DC,KS,KY,LA,MD,MA,MN,MI,MS,NV,KS,KY,MN,MI,NV,NJ,NM,NY,OH,OK,PN,RI,TN,TX,VI,WA & WI.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
Shipping Details:
Please allow 5 days once payment is received to ship with signature required. For security purposes, we only ship M-W. Tracking will be emailed.
International bidders will be contacted directly.
Payment Details:
Payment Due on receipt. Please mail check to:
Kagin's, Inc.
1550 Tiburon Blvd. #201, Tiburon, CA 94920
A 3% wire/cash discount is already included on your invoice.
Credit card payment will lose this discount & were entered was for identity verification and not saved for payments.
Please call 415-435-2601 for wiring or credit card payments.
Accepted Payment Methods:
- Money Order/Bank Draft
- Check/Cheque
- Wire Transfer
Please Mail PAYMENT to: Kagin's, Inc.
1550 Tiburon Blvd.#201,Tiburon,CA 94920
Invoices are due upon receipt & include a 3% discount for payments by check/wire/cash.
1% monthly finance charge applies after 30 days.
1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
2. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers
to bid, or actually does bid, at a KA auction. They define the relationship between bidders and KA before, during and after
the auction, and limit KA’s liability to bidders.
3. Consignors and Reserves. This catalog contains descriptions of property belonging to many persons known as
consignors. KA is not required to divulge to prospective bidders the identity of any consignor, except as provided by these
Terms and Conditions. KA’s relationship with a consignor is governed by a separate Consignment Contract, the terms of
which KA is not required to disclose to prospective bidders. The Consignment Contract may permit a consignor to bid on his
or her own lots and pay commissions if successful. If a consignor bids from the floor for his or her own lots, KA may so note
to all present. KA reserves the right to omit from its published prices realized the purchase prices of items re-purchased by
their consignor(s).
4. Who Can and Cannot Bid. Persons may bid at a KA auction in person, by an agent or employee, by telephone
of fax, or by mail, provided that they obtain a catalog and complete either a registration card (if bidding in person) or the
bid sheet contained in the catalog (if bidding by other method). KA reserves the right to reject bids from any person in its
sole discretion. In particular, KA will not accept bids from corporate bidders unless an officer, director or principal of the
corporation agrees in writing to personally guarantee payment. Likewise, bids will be accepted from persons under age
18 only if a parent or legal guardian agrees in writing to accept these Terms and Conditions and be responsible for any
purchases by the bidder. In addition, KA may require bidders without established credit with KA to furnish satisfactory
credit references or deposit such amount as KA may require in its sole and absolute discretion before bidding. Such deposits
will be applied to purchases and unused portions returned after the auction. Finally, for the protection of mail bidders no
“unlimited” or “buy” bids will be accepted.
5. Conflicts of Interest. KA, its principals, and affiliated or related companies and their employees, officers or
principals may either consign to, or bid at, an KA auction and pay commissions. In addition, these persons or entities may
loan or advance funds to consignors and/or prospective bidders, and may thereby acquire interests in items sold at a KA
auction. To the extent that actual or apparent conflicts of interest are created by such situations, bidders consent to such
conflicts.
6. Disclaimer of Representations or Warranties from KA. The descriptions of items in this catalog are qualified
statements of good faith opinion and not warranties. KA relies on the opinions of leading third party certification services,
and supplies information relating to certified items only for the convenience of mail, telephone and fax bidders. Floor
bidders are deemed to have viewed the lots they bid upon. The attributes of particular items may have a material impact
on their value, and bidders assume all risk of differing opinions thereof. No employee or agent of KA is authorized to make
any representations or warranties regarding the characteristics of items sold by KA or the correctness of catalog descriptions,
and KA DISCLAIMS ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS OR CONDITION OF
ITEMS BEING SOLD.
7. Title. KA relies on representations and warranties from its consignors that the consignors own the items consigned and
are legally entitled to sell those items. Bidders are entitled to rely on those same representations and warranties in making
their purchases, but are encouraged to make their own investigations in case of doubt.
8. Viewing. KA allows potential bidders to examine items to be auctioned at KA’s, by special appointment.
9. Bidding at Auction. The auction shall take place at the time set forth in this catalog, or at some other time, in its
sole discretion, determine. Lots will be offered in number sequence within each auction session, subject to KA’s right to
withdraw any lot at any time. Only entire lots will be offered. Bidding will open at an amount set by the auctioneer in his
or her sole discretion (including by reducing a mail bid to a level the auctioneer deems appropriate), and will continue at
such increments as the auctioneer directs until the auctioneer declares the lot sold. The auctioneer may accept or decline
any bid in his sole discretion, and where more than one identical bid is received for an item, the auctioneer may prefer the
first bid received and may prefer a mail bid over an identical floor bid. In case of any disputes regarding the existence or
amount of bids the auctioneer may rescind the sale of that lot and re-sell it, or otherwise direct disposition of the lot in his
sole discretion. In all cases, the auctioneer’s decision shall be final. KA IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and
mistaken bids will not justify rescission of a sale.
10. Buyer’s Commission and Taxes. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID PLUS A
BUYER’S COMMISSION OF 23%, except as otherwise provided by written agreement between a bidder and KA. There is
an automatic 3% discount from Buyer’s Commission when invoices are paid by cash or cash equivalent making Buyer’s
Commission still only 20%. Otherwise, the standard 23% Buyer’s Commission applies. Bidders acknowledge that they are
responsible for all sales, use or other taxes applicable to their purchases, and for any interest or penalty related to unpaid
tax, regardless of whether KA collected such taxes at the time of purchase.
11. Payment, Risk of Loss and Remedies for Late Payment/Security Interest. After the auction, all successful
purchasers will receive an invoice from KA detailing their purchases and the date payment is due. Title and risk of loss to goods
passes when the purchase price is paid in full, and KA reserves the right to withhold delivery of lots until full payment is made
in good funds. Payment is by cash, credit card, or Bitcoin payable through a U.S. bank only, unless otherwise agreed in writing
between the buyer and KA. Purchasers agree that if payment is not made in full in accordance with the invoice terms, they
will be liable to KA for interest on the unpaid balance at the rate of 1 1/2% per month (or the maximum rate permitted by law,
whichever is lower), and for reimbursement of all collection costs incurred by KA (including the costs of engaging an attorney
and pursuing legal proceedings). In addition to the foregoing, purchasers grant KA a security interest in any items purchased
by them, to secure any outstanding indebtedness to KA (whether from purchase of the items themselves or other items), and
agree to execute such documents as KA may deem needed to evidence this security interest. Purchasers agree that KA may
exercise all the rights of a secured party, including the right to re-sell the collateral item(s) and apply the proceeds to purchaser’s
debt and to reimbursing KA for costs related to the resale. Bitcoin purchases are accepted. There will be a 1% processing fee
added to the full amount (hammer + buyer’s premium) of the purchase.
12. Limited Return Privilege. Items may not be returned for any reason if they have been certified by a third party
certification service, if the purchaser is a dealer or has presented KA with a valid resale certificate, or if the purchaser viewed
the item prior to the purchase. In all other cases, returns are accepted provided each of the following conditions is met: (1)
the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
(2) the purchaser notifies KA in writing of his or her contention within five (5) days of receiving the item (if purchaser did
not timely pay for the item, his or her return privilege is waived); and (3) the item is returned in its original, sealed and
unopened container. Notwithstanding the above, coin returns are not accepted in cases involving cleaning, artificial toning,
provenance or pedigree, or strike, or whether a coin is a proof.
13. No Rights for Subsequent Purchasers or Assignees. Only the actual purchaser of an item at a KA auction
may claim any rights under these Terms and Conditions, and such rights may not be transferred or assigned to anyone else.
14. Disclaimer of Compensatory, Incidental or Consequential Damages. KA’s liability to purchasers for
returned items, items to which title issues are raised, or in connection with any claim arising from the purchase of an item
at a KA auction is limited to reimbursing the purchaser for the sums actually paid to KA for the item(s) (including buyer’s
commission and taxes), and KA DISCLAIMS ANY LIABILITY FOR COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL
DAMAGES ARISING FROM PURCHASE OF ANY ITEM AT AN KA AUCTION.
15. California Law/Arbitration of All Disputes. These Terms and Conditions shall be construed and enforced
in accordance with California law (excluding choice of law rules). Any claim or controversy arising out of or involving an
KA auction or any provision of Terms and Conditions shall be resolved by arbitration in California through the Professional
Numismatists Guild, with the prevailing party being entitled to an award of its attorney’s fees and costs. Judgment upon an
arbitration award may be entered in any court of competent jurisdiction.