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    Description

    New Jersey January 9, 1781 6d PMG Very Fine 25.
    £30,000 in legal tender Bills of Credit was authorized by the Act of January 9, 1781. The notes were to be redeemed by December 31, 1787. Subsequently the notes' legal tender status was revoked as of May 1, 1782. The Act of December 21, 1784 revalued notes at a ratio of $3 in bills for $1 in specie. The printing totals (20,000) and designs (the New Jersey coat of arms on the face and a nature print of a sage leaf on the back) were common to all denominations that ranged from 6d to 7s6d ($1). This example has seen moderate circulation but all design elements remain clear including the signatures of Neil and Smith. The paper pull mentioned by PMG has somehow missed all of printed design elements on the back.
    From the Colonial Valley Collection, Part II


    Estimate: $220 - up.

    Auction Info

    Proxy Bidding Ends
    June
    27th Sunday 5:50 pm CT
    Auction Dates
    June
    27th Sunday
    Proxy Bidding Time Remaining
    14 Days 10h 26m 3s
    Internet/Mail Bids: 1
    Lot Tracking Activity: 0
    Page Views: 22

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    This lot is in: 1 - The Colonial Valley Collection Part II Session
    (Lots 96001-96366) - 6:00 PM Central Time, Sunday, June 27, 2021.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 7 days before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261



    Current Bid:
    $1
    Bid Protection
    w/ Buyer's Premium (BP) : $20.00 Minimum Next Bid: $2 ($21.00 w/ BP)
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