Description

    Handsome 1734 New Hampshire Merchants Note

    New Hampshire December 25, 1734 7s PCGS Apparent Very Fine 35.
    A beautiful example of this early "Merchants Note." According to Newman these were issued by a group of private merchants as the British opposed further paper money issues by the colony itself. They were payable with one percent interest 12 years after their issue date. The note is signed on the face by Theodore Atkinson, George Jaffrey, and Henry Sherburne and before being released into circulation the notes were endorsed on the back by Hunking Wentworth. The motto which appears under the pine tree on the face is "BENEFICIO COMMERCI" which translates to "For the benefit of trade." In April 1735, Massachusetts passed an act suspending their circulation in the Massachusetts Bay colony, responding to a private pact signed in March of that year by 198 merchants to not accept these New Hampshire notes. British authorities overruled the Massachusetts legislative initiative and repealed the 1735 act of the colony, helping them to make even more friends in Boston. The note itself is beautifully printed and strikingly handsome with the Apparent being assigned for repaired splits. The repairs are minor and accomplished with a lightly applied gauze tape.


    Estimate: $20,000 - up.

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 0
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