1776 New Jersey 6 Shillings - Colonial Currency - PCGS Choice VF35 (John Hart)
- Grading Service: Professional Coin Grading Service Banknote - PCGS Banknote
- Grade: Choice Very Fine 35 - CH VF35
- Certification: 43207198
- Country: United Colonies - Colony of New Jersey
- Period: United States - Pre Federal
- Type: Standard Banknote
- Years: 1776
- Issue: March 25th, 1776
- Mint: Isaac Collins - Burlington, New Jersey
- Denomination: 6 Shillings
- Composition: Paper
- Signature: Robert Smith, John Hart, & John Stevens Jr.
- Obverse: New Jersey coat of arms, and the followinbg text - THIS BILL of Six Shillings Proclamation, is emitted by a LAW of the COLONY of NEW-JERSEY, passed in the Fourteenth Year of the Reign of his Majesty King GEORGE the Third. Dated MARCH 25, 1776
- Reverse: Nature print with the denomination and "to counterfeit is death" above and the printer below.
- Reference: FR# NJ-178
- John Hart signature - Signer of the Declaration of independence
Colonial Currency is pre-Revolutionary War paper money that was created in response to a growing economy and desperate coin shortage. Beginning with Massachusetts in 1690 to 1781, individual colonies issued notes to pay for public works, trade deficits, and other items of necessity. These notes issued by the individual colonies were known as 'Bills of Credit'. These bills of credit were usually fiat money that could not be exchanged for a fixed amount of gold or silver coins upon demand. These were usually issued by colonial governments for the payment of debts. These governments would then retire the currency by accepting the bills for payment of taxes. When colonial governments issued too many bills of credit or failed to tax them out of circulation, inflation resulted.
*Currency condition is based on our professional opinion. Pictures are representative of the note that you will receive, actual note may differ slightly, and serial numbers may vary*