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    Excessively Rare 12 Pence Merchants' Note

    Province of New Hampshire December 25, 1734 Portsmouth Merchants' Note 12d/1s Fr. NH-38.1 PMG Choice Very Fine 35.
    Not only is this our first offering of this excessively rare note, it is also the only example graded by PMG. The only others that we know of are the two notes that formerly resided in the John J. Ford, Jr. Collection and one of those was also used as the plate note for The Early Paper Money of America by Eric Newman. The British Crown opposed any more paper money issues by the colony at this time, so this emission was sponsored by a private merchant group spearheaded by Hunking Wentworth of Portsmouth. This promissory issue for the benefit of trade was backed by goods produced and owned by the merchant group. These notes paid interest at the rate of 1% until December 25, 1746, and then they were payable in silver, gold, or passable bills of credit on the provinces of New Hampshire, Massachusetts, Rhode Island, or Connecticut. Wentworth's signature on the back readied this example for circulation. Any survivor from this rare issue is today a great rarity. The minor restoration mentioned on the back label is an expertly replaced upper right corner tip.
    From the Colonial Valley Collection

    View all of [The Colonial Valley Collection ]

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
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