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    Description

    Classic New England "Tall Note" - 1734 New Hampshire Merchants' Note 7 Shillings

    Province of New Hampshire December 25, 1734 Portsmouth Merchants' Note 7 Shillings Fr. NH-38.4. PMG Choice Extremely Fine 45.
    There were five denominations from this "Merchants' Notes" issue as listed in Friedberg, with this listed as NH-38.4, which PMG accurately assigned to the holder. This is a uniquely styled Colonial "Tall Bill," and an intriguing issue, not unlike the 1740 banking "schemes" notes from Massachusetts. These notes were issued by the group of merchants led by Hunking Wentworth, in Portsmouth, during the period the Crown prohibited the Colony from emitting further bills of credit. Due to scarcity of other bills of credit and specie in circulation, the group issued these notes to facilitate commerce (hence the motto BENEFICIO COMMERCI on the face). However, early in 1735 a large group of Boston merchants agreed not to redeem such notes. These bills were 1% interest bearing, payable in 1746. They were printed on two sides on laid paper from well-engraved copper plates. In the center are the detailed obligations. Scrollwork and sculptural corners are at the top. At lower left is the Pine Tree emblem with the motto BENEFICIO COMMERCI. The back has a distinctively designed ship sailing westward, with ornate scrollwork above. The face has three sharply penned signatures and is countersigned by Hunking Wentworth on the back below the vignette. This is a very handsome example, well margined and broad. A wonderful representative from this interesting series and New England "tall" bills as a class. PMG has mentioned "Tears," the location of which elude us, but they are certainly minor.


    Auction Info

    Auction Dates
    January, 2020
    8th-14th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
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