Description

    Rare and Historical "Lord Stirling" Signed Hibernia Furnace Note

    New Jersey Store of the Hibernia Furnace, Morris County May 1, 1774 1 Shilling, light money Fr. Not Listed Wait 744. PCGS Extremely Fine 45.
    The privately issued notes from the Colonial period include some of the most interesting and rare notes in the series. The Hibernia Furnace notes, signed by (Lord) "Stirling" (William Alexander), are listed on page 258 of the fifth edition of the Newman reference, within the private and municipal scrip note section. Since they are also Obsolete scrip notes, George Wait in New Jersey's Money (1976, Newark Museum Association) lists them also with only this denomination cited and plated (serial number 8). The Hibernia Furnace was a very successful operation in Morris County and Stirling was an important business figure of the time. This wide format note is a bit oddly sized compared to other scrip from this period. An ornamental border is around the perimeter. At left in a cartouche is the emblem of a harp over a crown. The obligation and issuer are across, and the date is at the upper right. The space for serial "No." is at top left. There are four denominations in the series, and the plate letters indicate that there were likely two printing plates: a smaller denomination plate with all 1 Shilling notes (A to F), and a larger denomination plate with 10 Shillings (A), 5 Shillings (B, C & D), and 3 Shillings (E & H). This is a rare issue of notes, although nearly all we have observed are in choice condition (the two lower grade notes were in the DuPont Mail Bid Only section sale catalog) and all were signed. The James DuPont collection sale by Smythe in March 1993 was the first offering of Lord Stirling notes that most collectors had encountered. The three denominations he had were strongly contested, with the 1 Shilling bringing $2,640 over 20 years ago (uncirculated, with a counting smudge). The last Stirling note sold was the unlisted 3 Shillings from the Boyd collection that brought $5,175 in May 2006 at Ford Part X. This is a pleasing note and looks new at first glance. There is a light vertical fold seen with scrutiny. These are not often seen at public auction. Their numismatic importance is enhanced by their namesake Stirling's legendary exploits as a Revolutionary War General and American patriot.

    Ex: Eric P. Newman Numismatic Education Society.


    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

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    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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