Watch List notes:

(x) South Sea Company, £100 Exchequer bill with interest at 1 penny a day, 7 June 1720, serial number 3604, black and white, text reading ' ...and for lending the same to the SOUTH SEA COMPANY & C. This bill entitles the bearer to one hundred pounds with interest at one penny a day', manuscript signature of Halifax low left, scroll work at left and right, embossed portcullis seal in low right field, reverse multiple endorsements, ink cross cancelled, low right corner missing otherwise fine and very rare.

Estimate: $400 - $600