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    Salem, NC- Samuel Stotz 3 Pence/4 Pence Uncut Pair
    From our 2011 FUN auction where it was cataloged, "The area that became known as Salem was originally settled in 1753 by members of the Moravian Church. The Moravians had relocated a number of times after emigrating to North America. This scrip was issued by the Moravian Church and was denominated according to the English system. In October of the following year, the records from the Directing Boards of Salem noted that many merchants had already begun using dollars and cents instead for the scrip they issued. An interesting aside is that although North Carolina recognized the United States currency in dollars and cents as the lawful currency in 1809, the change within the state to dollars and cents was not made obligatory at that time.

    The PMG holder lists the spelling of the last name of the signer of this piece as Stots, as was believed for many years, however the signer was actually Samuel Stotz. Some surviving examples were signed by both Samuel Stotz and Conrad Kreuser, but as is often the case, these notes were signed solely by Stotz. Brother Samuel Stotz (Dec. 20, 1752-Sep. 5, 1820) was very involved in church affairs and served in a variety of capacities over the years. On June 16, 1785 he was appointed as the first fire-master. He was also very involved in a large water system project. Stotz served as the first Warden, or Treasurer, of the Salem Congregation beginning in 1797. An attractive uncut pair, these well margined and well signed pieces printed on laid paper are graded by PMG as About Uncirculated 55 EPQ." It realized just shy of $1,000 and we see no reason why it should not approach that figure here this evening.

    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 389

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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