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Pawn Stars: US Mexican War Promissory Note | History - YouTube
Channel: Pawn Stars
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what I got here is something that's
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probably worth over a million dollars
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that the federal government could be
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paying to you okay sound like a Salesman
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go ahead
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it's a us-mexican war promissory note
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with compounded interest over the last
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hundred and sixty years the United
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States promises to pay mr. d it's other
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nuts or Hut's I haven't been able to
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figure it it looks like nut
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I'm really hoping that's an agent not an
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ED reason why I came into the pawn shop
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here today was sell my us-mexican war
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promissory note from 1847 my dad had
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purchased an old colonial house and it
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was found in cigar box I'm looking at
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getting about six thousand dollars half
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of its gonna go to a ring for my wife
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because she never had a diamond ring
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when we got married and the other house
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gonna go to me it's really interesting I
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mean the neat thing is it's during the
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mexican-american war it's sort of sad
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this country most people don't even know
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that we went to war with Mexico the
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entire West was owned by Mexico but they
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really didn't occupy it and we actually
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offered to buy it off them they said no
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and then I'm sure the Mexicans said the
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Americans shot we said the Mexicans shot
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next thing you know we ended up having a
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War break out the mexican-american war
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started over a dispute on what was the
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boundary between Texas and Mexico and
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what a lot of people don't realize about
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this war it shaped the United States so
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how much were you looking to get out of
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these well if the if we go the interest
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from let's split it in half I'll take
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half if it doesn't have the interest how
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about six grand I'm intrigued by this
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right here because I know that any bond
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issued by the US government after we had
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a constitution are still payable there
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you can present them to the government
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they still have to pay you for them when
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the interest ends I don't know or if
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they're actually are redeemable let me
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just call somebody up who will Don okay
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let me get him down here he will look at
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this and he can probably answer every
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question we got and then he'll just go
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on for like another half hour
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this is a promissory note I know about
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these I mean the neat thing is it's
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during the mexican-american war well
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that's kind of understandable one of the
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things about the mexican-american war in
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American history is that we didn't have
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enough money in the Treasury to fight
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the war so we had to take out loans from
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her own people they had to borrow the
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money in order to fight the war we
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didn't want to go to Polk didn't want to
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go to war he was the president at that
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time and there was a big controversy
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over whether the new SS river or the Rio
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Grande was the southern border so we
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went to war and actually took Mexico of
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the treaty that Pope agreed to was they
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would give back Mexico to the Mexican
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government but we would buy the
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southwest for fifteen million dollars so
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the war was a very important war in our
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history I told you just keep on talking
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is this a valid US note here let me take
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a closer look here dynasty's promises to
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pay one year after day two mister deed
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nuts
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sorry so order $500 with interest at the
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rate of five and two fifths per centum
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so they could have turned this in and it
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would have been worth one year of
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entrance tonight the interest for one
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year doesn't accrue for in doubt they
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were smart enough to figure out you know
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if somebody sticks this in a box in the
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attic and somebody finds it a hundred
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and seventy years from now we don't want
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to pay for it okay is this no redeemable
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[Music]
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yeah and it's not an original okay this
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is a copy of the promissory note you
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look at the writing here and the
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signatures the signatures were done by
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the same person who wrote this and you
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would not see that if it was an original
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note because each of the signatories
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would have individually signed the note
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well it makes sense because you know if
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you're gonna send off your paperwork you
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need to make a copy of it back then they
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didn't have it couldn't scan it and
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print it out you know or use a copy
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machine you you made a copy wrote out a
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copy and that's exactly what we've got
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here thanks for busting my bubble even
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if it was an authentic promissory note
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from the Mexican War period as I
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understand the law you could not turn it
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in today it is no longer valid the final
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ones were called in in 1869 and then
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after that they were invalidated they
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were demonetized unfortunately there's
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no historical significance here this was
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paperwork co-signed by a general that
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was doing something in the war if we was
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anything like that it would be worth
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money so I'd be willing to offer you
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basically nothing
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looks like Mama's not getting her a
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diamond ring no it looks like no private
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jet dude alright thanks for each other
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though thank you I think I'm gonna keep
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on researching this because even though
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it may not be worth something today I'm
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sure I can find a buyer for it
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eventually
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you
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