Description

    Scarce Early New Jersey Note

    New Jersey March 25, 1724 6s. 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; however with the severe split, areas of paper loss and backing, the net grade would be Good. 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. PMG has not graded any New Jersey notes prior to 1746. 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 as Lot 2090 in Smythe's March 30, 1993 auction. One fortunate collector will add this rare note to their collection when the hammer falls tonight.

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    Auction Dates
    January, 2010
    6th-11th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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