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Table of Contents > Colonial Currency > Lot 51 |
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Browse the Auction in Groups of 25 Lots: |
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Lot Number: 51
Click for a Printable PageSign-in to Bid or Register to Bid Estimate Range: $500 - $600 Starting Bid: $400 |
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State of New Jersey $20 “Guaranteed” by the United States Partially engraved by former Counterfeiter Henry Dawkins |
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June 9th, 1780, State of New Jersey, Twenty Dollars, “Guaranteed” by the United States Issue with Five Percent Interest paid Annually, Partially engraved by Henry Dawkins (the former Counterfeiter), for the Continental Congress, Extremly Fine. Fr. NJ-191. This red and black printed Revolutionary War Period note is well printed and completely signed, including by Joseph Borden on the reverse “Guarantee” line for the United States. The nicely centered face is fully Signed by R Neil and B Smith, with a light red stamp at center “Interest Paid One Year”. This is a rare example of America’s “First Federal Bailout” being for the State of New Jersey and its currency issued during the earlier part of the Revolutionary War. It carried a 5% annual interest rate, being “Guaranteed” by the United State to accept this paper money. A payment schedule chart is seen printed on the lower left side of the face. Also of note, this currency was partially engraved by Henry Dawkins (the former Counterfeiter), for the Continental Congress, who provided the outer border designs both face and back. This higher quality note had only 12,000 notes printed.He resided in Bordentown, where he had rebuilt his house after the British destroyed his home and business buildings in a May 1778 raid. His wife was also active, serving on a committee of women soliciting funds for the Continental Army in July 1780. |
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Lot Number: 51
Click for a Printable Page Sign-in to Bid or Register to Bid |
Estimate Range: $500 - $600 Starting Bid: $400 |
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Early American History Auctions, Inc. 1520 Commerce St., # 312 • Winchester, VA 22601 Phone: 858 • 759 • 3290 Email: Auctions@EarlyAmerican.com |
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