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World_Coin_Nut's Blog

07 Oct 2017

New Jersey Copper

Coins-United States Colonial | World_Coin_Nut

On June 1, 1786, the New Jersey legislature authorized Walter Mould, Thomas Goadsby, and Albion Cox to mint three million copper coins at a weight of 150 grains each over a two-year period in return for a ten percent royalty to the state and the posting of a £10,000 surety bond. The coppers were to circulate at fifteen to the shilling and were to be produced within New Jersey. The design of the coins was not resolved, the legislation simply stated they were to have "Marks and Inscriptions as shall be directed by the Justices of the Supreme Court, or any one of them."

The 3 gentlemen chosen by New Jersey had questionable pasts and abilities. New Jersey was one of the last of the original colonies to produce there own coinage. Of course some didn't coin any at all. It seems like with some of the choices that they made that there was a feeling of urgency when the endeavor was started. 

I have always had a fascination with colonial coppers especially the design of the New Jersey pieces. If you collect by die variety there are well over 100 documented varieties.  Many of these are not collectible for the average person. This is a piece that I was fortunate enough to pick up recently.

I highly recommend "Colonial and Early American Coins" by Q. David Bowers. It is an excellent informative read, even if you don't collect colonials.

Reference: University of Notre Dame libraries - Coin and Currency Collections   coins.nd.edu

Comments

coin collector

Level 4

great blog

Conan Barbarian

Level 5

thanks for the history and what a beautiful coin

Kepi

Level 6

Great blog! Really enjoyed reading it! Thanks!

user_9894

Level 4

I can see my blog are way too short. Thanks for the information.

Longstrider

Level 6

Very nice coin and a great blog too. I learned today from you. Any Bowers book is a fantastic read. Thanks again!

"SUN"

Level 5

Enjoyed the blog very much.

Mike

Level 7

A great coin. I had the opportunity to pick one up and it slipped by. Nice pick up. That has American history all over it. They had many versions I like them all. Thanks for the history. Love reading it. And thanks for picking a great coin. Thanks. Mike.

CoinLady

Level 6

That's a real piece of history. Bowers' book is an excellent resource. "The early coins of America" is still in use too.

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