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20 Ounces - Crabtree Mint Silver Contract Note
| Location | United States |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Composition | Silver (.999) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | SILVER CONTRACT NOTE ONE THOUSAND DOLLARS FACE VALUE UNITED STATES CONSTITUTION ART. 1. SEC. 10: "NO STATE SHALL... MAKE ANY THING BUT GOLD AND SILVER COIN A TENDER IN PAYMENT OF DEBTS; PASS ANY BILL OF ATTAINDER, EX POST FACTO LAW, OR LAW IMPAIRING THE OBLIGATION OF CONTRACTS.... CRABTREE MINT WILL PAY $ 1000 IN FEDERAL RESERVE NOTES TO THE BEARER OF THIS SILVER CONTRACT NOTE AFTER DEC. 25, 1988 OR WHEN THE SPOT PRICE IS $ 50 PER OUNCE... WHICH- EVER COMES FIRST. Boyd Crabtree TREASURER SIGNATURE AND SERIAL NUMBER ON REVERSE "HONEST ABE" TWENTY TROY OUNCES 999 FINE SILVER |
| Reverse description | The reverse carries a paper 'Personal Note' label affixed to the otherwise plain silver surface. The printed and handwritten document bears Registration No. C-1, states that Boyd Crabtree DBA Crabtree Mint will pay the bearer $1000 in Federal Reserve Notes on 9-1-88 or when the spot price of silver reaches $50 per oz., whichever comes first, and is signed by Boyd Crabtree and dated 9-1-85 in red ink. |
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| Reverse lettering | PERSONAL NOTE Registration No. C-1 For value received Boyd Crabtree DBA Crabtree Mint will pay to bearer, $1000 in Federal Reserve Notes on 9-1-88 or when the Spot Price of silver is $50 per oz. whichever comes first. Signed: Boyd Crabtree Date: 9-1-85 |
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