Colonial Currency, GEORGIA Jan 9, 1782 Act Gem CU

Georgia Currency
STATE OF GEORGIA Note Gem Crisp Uncirculated
Payable "as Specie at the Sales of the Confiscated Estates" January 9, 1782 Act
State of Georgia, January 9, 1782 Resolve, Hand-written Date and Denomination Bearer Certificate Note payable "as Specie at the Sales of the Confiscated (Tory) Estates," Type with first "C" in "Confiscated" capitalized, Uniface typeset design, Anderson GA-1, Gem Crisp Uncirculated.
Fr. GA-125. Anderson GA-1. A pristine Partially-Printed fiscal note of this issue was Hand-written when completed, this note being a beautiful crisp remainder in near pristine condition. Rated by Anderson as Low Rarity 7 (Only 7 to 12 believed to exist). PMG Top Pop reports a single CU-64 note. This Certificate receivable "as Specie at the Sales of the Confiscated Estates." An important, exceedingly rare State of Georgia Revolutionary War period issue of "Bearer Certificates" based on the Resolve of January 9, 1782 that were soon redeemable back into the Treasury by November 1, 1782. A major design type as seen illustrated in the 5th Edition of Newman page 152, noted "RM" (remainder), there showing no price values available in any grade due to rarity. There is a tiny faint spot in the field at upper right. Overall, this Revolutionary War issue note appears bold Gem CU. This impressive note has four full wide margins and with its full typeset left side indent border design completely intact. Its laid period paper is crisp and clean having significant traces of its original press text and typeset design embossing present within the paper, seen in its blank reverse. Notes on this short-lived issue were known to have been paid out for military and other public expenses. Their funding source was provided by sales of British Loyalist "Tory" estates and other property as authorized by the Georgia legislature. This Colonial note issue is also illustrated in the reference book titled "American Autographs" by Charles Hamilton, Vol. 1, illustrated on page 54, where another 1782 note is "proxy or secretarially" Signed, "George Walton" and "Lyman Hall". This current note appears bold and choice in eye appeal, known to be lacking in most all Georgia currency collections.
The Confiscation of British Loyalist "Tory" Property in Georgia primarily took place between 1782 to 1786. The first attempts to confiscate Loyalist property occurred in 1778 when the House Assembly passed an ACT that declared 117 persons guilty of Treason, banished them forever and made their property subject to seizure and for the benefit of the State.
Victorious Georgia Rebels seized, and sold for the benefit of their new State, all the land, goods, and slaves of those Georgians who had been loyal to the King. Even while the Loyalist refugees were waiting on the sweltering sands of Tybee for the King's ships to carry them away, the sales began at Ebenezer.
This record was kept of real and personal property as it went on the auction block. Many large plantations passed into Patriot Rebel hands. These were the "big ticket items." But the sales even included livestock of the small farmers. Here was a massive "wealth transfer."
KEYWORDS:
Colonial Currency, Paper Money, Early Paper Money of America, Georgia Currency, Georgia Paper Money, Colonial America, Printing Paper Money, Revolutionary War, George Washington, Continental Congress, Independence Hall, Fiat Currency, Currency Printing, Benjamin Franklin