Province of New Hampshire December 25, 1734 Portsmouth Merchants's Note 7 Shillings Fr. NH-38.4. PCGS About New 53. This is a uniquely styled Colonial \"Tall Bill,\" and an intriguing issue, not unlike the 1740 banking \"schemes\" notes from Massachusetts. These notes were issued by the group of merchants led by Hunking Wentworth, in Portsmouth, during the period the Crown prohibited the Colony from emitting further bills of credit. Due to scarcity of other bills of credit and specie in circulation, the group issued these notes to facilitate commerce (hence the motto BENEFICIO COMMERCI on the face). However, early in 1735 a large group of Boston merchants agreed not to redeem such notes. These bills were 1% interest bearing, payable in 1746. They were printed on two sides on laid paper from well-engraved copper plates. In the center are the detailed obligations. Scrollwork and sculptural corners are at the top. At lower left is the Pine Tree emblem with the motto BENEFICIO COMMERCI. The back has a distinctively designed ship sailing westward, with ornate scrollwork above. The face has three sharply penned signatures and is countersigned by Hunking Wentworth on the back below the vignette. This is a very handsome example, well margined and broad. A perfect representative from this interesting series and New England \"tall\" bills as a class. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28052, realized $21600. Image and description courtesy of Heritage Auctions, https://ha.com.
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