1776 March 25, 1 Shilling New Jersey Colonial Note PCGS 64 PPQ VC NEW F#: NJ-175

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1776 March 25, 1 Shilling New Jersey Colonial Note PCGS 64 PPQ VC NEW F#: NJ-175:
$459.00

1776 March 25, 1 Shilling New Jersey Colonial Note
PCGS 64 PPQ Very Choice NEW F#: NJ-175
Colonial Currency Colonial Note
For your possible interest and information, here is abrief Colonial note/currency description

Shortlyafter landing in the New World, colonists became increasingly dissatisfied withthe barter system of trade between them and England. The colonists wanted andneeded economic independence from Britain and sought to establish their owneconomic stability by printing paper money. Though in 1690 the MassachusettsColony was the first to print paper money, each Colony eventually printed itsown colonial notes to enhance a convenient exchange and pay off debt. While SpanishDollars were popular as colonial coins (the origin of our “dollar” denotationfor US money) currency was noted in British pounds, shillings and pence. Importantly, Britain disallowed ColonialCurrency as legal tender in 1764 which contributed to great discontent withBritain among colonists. In addition toindividual colony issued Colonial Notes, as the Revolutionary War began in 1775,the Continental Congress circulated paper currency to help finance the war,backed by a hoped for future tax income rather than real gold or silver. TheseContinental notes depreciated rapidly partly due to expert British counterfeitoperations designed to sabotage US war efforts. Following the war, states andprivate banks continued to issue their own currency. But, because of theproblems with depreciation, inflation, value variances, and counterfeit, the USConstitution later denied individual states the right to make their own money.

ColonialCurrency Notes are rare and extremely valuable. They were a significant part of ourheritage as an independent and free nation. To hold one of these is to hold avital part of our social, economic and political independence from Britain.