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English Parchment Tally Receipt, 1617

Currency:USD Category:Collectibles / Historical Memorabilia Start Price:45.00 USD Estimated At:70.00 - 140.00 USD
English Parchment Tally Receipt, 1617
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England, 1617. Unusual parchment tally receipt written in old English script. 12 x 1.5 inches. A tally stick was a long wooden stick used as a receipt. When money was paid, a stick was marked with combinations of notches representing the sum of money paid. The owner of the original tally stick would have received this parchment receipt as a result of a transaction or exchange of money. Rare survival of a medieval form of financial record-keeping, tally sticks and receipts provides the origin of many words used in modern money markets, such as stock (taken from 'stick'), foil, stockholder, bank stock, and check. According to legend, Wall Street was founded in its present location because of the presence there of an enormous chestnut tree, said to be plentiful enough to supply enough tally sticks for the emerging American stock market. Very few wooden tallys are known of today, as almost all were burned in (and in all likelihood, contributed to) the 1830 fire which destroyed the Houses of Parliament. Rare piece of early 1600's financial recordkeeping. (John E. Herzog Collection)