LOT #20024 |
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New Jersey March 25, 1724 6s PCGS Banknote Good 6 Details.. ...
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Sold on Oct 6, 2021 for:
$4,080.00
Bid Source: Internet bidder
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Description
Scarce Early New Jersey Note
New Jersey March 25, 1724 6s PCGS Banknote Good 6
Details.A great New Jersey rarity, this piece last appeared in our 2010 FUN auction. A summary of that description from eleven years ago is as follows: "This scarce note was part of the fourth issue from New Jersey and did not escape circulation as evidenced by its condition. This tall piece measures approximately 5 3/4 x 3 3/4 inches. The details are that of a Fine note, with a severe split, areas of paper loss and backing. This example has wider margins than the other six shillings piece we are aware of. The rarity of the note more than makes up for the condition and the state arms are intact. This issue was authorized on Nov. 30, 1723 in order to finance a loan office. That office would provide secured loans backed by the borrower's real estate or precious metals. William Bradford was the printer of these large notes. An interesting aside is that Benjamin Franklin sought employment with Bradford, but he did not have enough business at that point to employ him and instead referred him to his son, also a printer. Franklin later referred to Bradford as "a cunning old fox." This Ex-DuPont collection note has been off the market since it was acquired in a 1993 auction. One fortunate collector will add this rare note to their collection when the hammer falls tonight." This offering provides an opportunity for today's generation of collectors to acquire this rare New Jersey colonial.
From the Colonial Valley Collection
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Auction Info
2021 October 6 - 8 Long Beach Expo US Currency Signature® Auction #3585 (go to Auction Home page)
Auction Dates
October, 2021
6th-8th
Wednesday-Friday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 549
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20% of the successful bid per lot.
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