Early Paper Money of America / New Jersey / 1774 May 1 Hibernia Furnace

Plate image from Early Paper Money of America (5th edition).

New Jersey Store of the Hibernia Furnace, Morris County May 1, 1774 1 Shilling, light money Fr. Not Listed Wait 744. PCGS Extremely Fine 45. The privately issued notes from the Colonial period include some of the most interesting and rare notes in the series. The Hibernia Furnace notes, signed by (Lord) "Stirling" (William Alexander), are listed on page 258 of the fifth edition of the Newman reference, within the private and municipal scrip note section. Since they are also Obsolete scrip notes, George Wait in New Jersey's Money (1976, Newark Museum Association) lists them also with only this denomination cited and plated (serial number 8). The Hibernia Furnace was a very successful operation in Morris County and Stirling was an important business figure of the time. This wide format note is a bit oddly sized compared to other scrip from this period. An ornamental border is around the perimeter. At left in a cartouche is the emblem of a harp over a crown. The obligation and issuer are across, and the date is at the upper right. The space for serial "No." is at top left. There are four denominations in the series, and the plate letters indicate that there were likely two printing plates: a smaller denomination plate with all 1 Shilling notes (A to F), and a larger denomination plate with 10 Shillings (A), 5 Shillings (B, C & D), and 3 Shillings (E & H). This is a rare issue of notes, although nearly all we have observed are in choice condition (the two lower grade notes were in the DuPont Mail Bid Only section sale catalog) and all were signed. The James DuPont collection sale by Smythe in March 1993 was the first offering of Lord Stirling notes that most collectors had encountered. The three denominations he had were strongly contested, with the 1 Shilling bringing $2,640 over 20 years ago (uncirculated, with a counting smudge). The last Stirling note sold was the unlisted 3 Shillings from the Boyd collection that brought $5,175 in May 2006 at Ford Part X. This is a pleasing note and looks new at first glance. There is a light vertical fold seen with scrutiny. These are not often seen at public auction. Their numismatic importance is enhanced by their namesake Stirling's legendary exploits as a Revolutionary War General and American patriot. Ex: Eric P. Newman Numismatic Education Society. Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19507. Description courtesy of Heritage Auctions.

Early Paper Money of America description:

Hibernia Furnace / May 1, 1774
Bills payable in "light money" (Money of Account). Lord Stirling (William Alexander) in 1771 purchased the portions of Hibernia Furnace held by others. The bills were signed by Lord Stirling.

Denominations:

1s Plate letters A, B, C, D, E & F
3s Plate letter E & H
5s Plate letters B, C & D
10s Plate letter A

See also the Hibernia Furnace issue of November 1, 1768.

New Jersey Store of the Hibernia Furnace, Morris County May 1, 1774 1 Shilling, light money Fr. Not Listed Wait 744. PCGS Extremely Fine 45. The privately issued notes from the Colonial period include some of the most interesting and rare notes in the series. The Hibernia Furnace notes, signed by (Lord) "Stirling" (William Alexander), are listed on page 258 of the fifth edition of the Newman reference, within the private and municipal scrip note section. Since they are also Obsolete scrip notes, George Wait in New Jersey's Money (1976, Newark Museum Association) lists them also with only this denomination cited and plated (serial number 8). The Hibernia Furnace was a very successful operation in Morris County and Stirling was an important business figure of the time. This wide format note is a bit oddly sized compared to other scrip from this period. An ornamental border is around the perimeter. At left in a cartouche is the emblem of a harp over a crown. The obligation and issuer are across, and the date is at the upper right. The space for serial "No." is at top left. There are four denominations in the series, and the plate letters indicate that there were likely two printing plates: a smaller denomination plate with all 1 Shilling notes (A to F), and a larger denomination plate with 10 Shillings (A), 5 Shillings (B, C & D), and 3 Shillings (E & H). This is a rare issue of notes, although nearly all we have observed are in choice condition (the two lower grade notes were in the DuPont Mail Bid Only section sale catalog) and all were signed. The James DuPont collection sale by Smythe in March 1993 was the first offering of Lord Stirling notes that most collectors had encountered. The three denominations he had were strongly contested, with the 1 Shilling bringing $2,640 over 20 years ago (uncirculated, with a counting smudge). The last Stirling note sold was the unlisted 3 Shillings from the Boyd collection that brought $5,175 in May 2006 at Ford Part X. This is a pleasing note and looks new at first glance. There is a light vertical fold seen with scrutiny. These are not often seen at public auction. Their numismatic importance is enhanced by their namesake Stirling's legendary exploits as a Revolutionary War General and American patriot. Ex: Eric P. Newman Numismatic Education Society. Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19507. Description courtesy of Heritage Auctions.

Early Paper Money of America description:

Hibernia Furnace / May 1, 1774
Bills payable in "light money" (Money of Account). Lord Stirling (William Alexander) in 1771 purchased the portions of Hibernia Furnace held by others. The bills were signed by Lord Stirling.

Denominations:

1s Plate letters A, B, C, D, E & F
3s Plate letter E & H
5s Plate letters B, C & D
10s Plate letter A

Early Paper Money of America description:

Hibernia Furnace / May 1, 1774
Bills payable in "light money" (Money of Account). Lord Stirling (William Alexander) in 1771 purchased the portions of Hibernia Furnace held by others. The bills were signed by Lord Stirling.

Denominations:

1s Plate letters A, B, C, D, E & F
3s Plate letter E & H
5s Plate letters B, C & D
10s Plate letter A

See also the Hibernia Furnace issue of November 1, 1768.

New Jersey Store of the Hibernia Furnace, Morris County May 1, 1774 1 Shilling, light money Fr. Not Listed Wait 744. PCGS Extremely Fine 45. The privately issued notes from the Colonial period include some of the most interesting and rare notes in the series. The Hibernia Furnace notes, signed by (Lord) "Stirling" (William Alexander), are listed on page 258 of the fifth edition of the Newman reference, within the private and municipal scrip note section. Since they are also Obsolete scrip notes, George Wait in New Jersey's Money (1976, Newark Museum Association) lists them also with only this denomination cited and plated (serial number 8). The Hibernia Furnace was a very successful operation in Morris County and Stirling was an important business figure of the time. This wide format note is a bit oddly sized compared to other scrip from this period. An ornamental border is around the perimeter. At left in a cartouche is the emblem of a harp over a crown. The obligation and issuer are across, and the date is at the upper right. The space for serial "No." is at top left. There are four denominations in the series, and the plate letters indicate that there were likely two printing plates: a smaller denomination plate with all 1 Shilling notes (A to F), and a larger denomination plate with 10 Shillings (A), 5 Shillings (B, C & D), and 3 Shillings (E & H). This is a rare issue of notes, although nearly all we have observed are in choice condition (the two lower grade notes were in the DuPont Mail Bid Only section sale catalog) and all were signed. The James DuPont collection sale by Smythe in March 1993 was the first offering of Lord Stirling notes that most collectors had encountered. The three denominations he had were strongly contested, with the 1 Shilling bringing $2,640 over 20 years ago (uncirculated, with a counting smudge). The last Stirling note sold was the unlisted 3 Shillings from the Boyd collection that brought $5,175 in May 2006 at Ford Part X. This is a pleasing note and looks new at first glance. There is a light vertical fold seen with scrutiny. These are not often seen at public auction. Their numismatic importance is enhanced by their namesake Stirling's legendary exploits as a Revolutionary War General and American patriot. Ex: Eric P. Newman Numismatic Education Society. Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19507. Description courtesy of Heritage Auctions.

Early Paper Money of America description:

Hibernia Furnace / May 1, 1774
Bills payable in "light money" (Money of Account). Lord Stirling (William Alexander) in 1771 purchased the portions of Hibernia Furnace held by others. The bills were signed by Lord Stirling.

Denominations:

1s Plate letters A, B, C, D, E & F
3s Plate letter E & H
5s Plate letters B, C & D
10s Plate letter A

See also the Hibernia Furnace issue of November 1, 1768.

New Jersey Store of the Hibernia Furnace, Morris County May 1, 1774 1 Shilling, light money Fr. Not Listed Wait 744. PCGS Extremely Fine 45. The privately issued notes from the Colonial period include some of the most interesting and rare notes in the series. The Hibernia Furnace notes, signed by (Lord) "Stirling" (William Alexander), are listed on page 258 of the fifth edition of the Newman reference, within the private and municipal scrip note section. Since they are also Obsolete scrip notes, George Wait in New Jersey's Money (1976, Newark Museum Association) lists them also with only this denomination cited and plated (serial number 8). The Hibernia Furnace was a very successful operation in Morris County and Stirling was an important business figure of the time. This wide format note is a bit oddly sized compared to other scrip from this period. An ornamental border is around the perimeter. At left in a cartouche is the emblem of a harp over a crown. The obligation and issuer are across, and the date is at the upper right. The space for serial "No." is at top left. There are four denominations in the series, and the plate letters indicate that there were likely two printing plates: a smaller denomination plate with all 1 Shilling notes (A to F), and a larger denomination plate with 10 Shillings (A), 5 Shillings (B, C & D), and 3 Shillings (E & H). This is a rare issue of notes, although nearly all we have observed are in choice condition (the two lower grade notes were in the DuPont Mail Bid Only section sale catalog) and all were signed. The James DuPont collection sale by Smythe in March 1993 was the first offering of Lord Stirling notes that most collectors had encountered. The three denominations he had were strongly contested, with the 1 Shilling bringing $2,640 over 20 years ago (uncirculated, with a counting smudge). The last Stirling note sold was the unlisted 3 Shillings from the Boyd collection that brought $5,175 in May 2006 at Ford Part X. This is a pleasing note and looks new at first glance. There is a light vertical fold seen with scrutiny. These are not often seen at public auction. Their numismatic importance is enhanced by their namesake Stirling's legendary exploits as a Revolutionary War General and American patriot. Ex: Eric P. Newman Numismatic Education Society. Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19507. Description courtesy of Heritage Auctions.

Early Paper Money of America description:

Hibernia Furnace / May 1, 1774
Bills payable in "light money" (Money of Account). Lord Stirling (William Alexander) in 1771 purchased the portions of Hibernia Furnace held by others. The bills were signed by Lord Stirling.

Denominations:

1s Plate letters A, B, C, D, E & F
3s Plate letter E & H
5s Plate letters B, C & D
10s Plate letter A

See also the Hibernia Furnace issue of November 1, 1768.