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Auction: 341 - The Numismatic Collector's Series Sale
Lot: 1276

Liberia. Monrovia. Board of Directors of the American Colonization Society. $3. 1846. P-S103. Signing of the Declaration of Independence. Sailor with flag in left side panel, George Washington. Farmer, left. Portrait of a boy with a rake, right. "Payable at their Store in Monrovia." UBSH / DU printers. PMG Extremely Fine 40, Annotation, Previously Mounted, Corner Tip Missing. When the U. S. Constitution was in the process of being drafted the subject of slavery was so controversial that it had to be tabled. When The American Colonization Society was founded in 1816, one of its goals was to transport free African Americans to a colony to be established in Monrovia, Liberia, and money was raised by selling memberships in the Society. Congress was also petitioned for support. Many politicians saw Monrovia as a place to "expel" the freed black population to avoid social integration, decrease the risk of slave rebellion assistance, and eliminate competition with white laborers. Many prominent Quakers, who were among the founders of The American Colonization Society, benevolently believed that this repatriation would be better for these newly freed blacks, socially and economically. In 1819 Congress appropriated $100,000 for the purpose of transporting freed slaves out of this country, and on February 6, 1820, the first ship sailed from New York for West Africa with 88 African-American emigrants aboard. In 1847, when the Republic of Liberia was established, the need for privately issued notes like this one became obsolete. This is a very scarce and historically important note. Please bid accordingly.

Sold for
$850