March 07, 2019 12:00 PM EST Cincinnati
Ends March 18, 2019


2

North Carolina 30 Shilling, 1748, Colonial Currency Proclamation Note

2.5 x 4.5 in., printed on one side. No. 1915. Proclamation note according to the act passed 4 April 1748. Generally the colonies suffered money shortages. There were also issues with multiple currencies being in circulation (British, French, Spanish, Holy Roman Empire, etc.). So many states passed laws proclaiming the value of certain denominations. This helped (to a degree) to stabilize currency values, but there was still a shortage and barter was a major means of exchange. Taxes were often paid with tobacco, deer skins or other commodities. Unfortunately, printing paper currencies encouraged counterfeiting, which then damaged confidence in these colonial issues. Other tricks were attempted - one of the most common right around the Revolution was to print leaves on the verso of paper money. This early colonial note, however, still has a blank verso. In North Carolina, these notes were intended to be withdrawn from circulation when they were turned in for taxes, so one finds docketing on the verso of some.

As was typical of early paper currency, this one is signed by several noted citizens: John Starkey (1697-1765), treasurer of the Southern district, attorney, JP, and more; Edward. Moseley (1682-1749), member of various assemblies and councils, court justice, and more, possibly one of North Carolina's most influential 18th century citizens; Samuel Swann (1704-1774), member of the state assembly, including speakership 1742-43. There is a fourth signature but it has faded so as to be illegible.

Verso with "Recd. Jas. Maney." Maney was a major in the King's militia and a JP. There is a second docket indicating a transfer of the note in what appears to be a business transaction.

Condition:

Folds, minor holes along same. Surface soil. Faded ink on one signature.

Estimate: $150 - $200
Price Realized Including Buyer's Premium
$270
03/07/2019

 

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