1786 Maris 18-M W-4890 BRIDLE NGC XF 40 New Jersey Colonial Copper Coin

Description: Very scarce in XF and up, this popular Bridle variety of the New Jersey Copper is a pleasing brown with lots of detail in the devices. One of my favorite parts of owning Early American Coins and Currency is learning about the history. Here is an excerpt from the John J Ford Jr Stacks Catalog: New Jersey coppers were authorized in June, 1786 but none may have been struck until December of that year at the earliest. Coinage commenced in 1787 at mints located in Rahway and Morristown by competing companies which quickly found themselves ever more inextricably entangled in conflicting lawsuits, facing severe shortages of skilled and semi-skilled labor, and suffering from a scarcity of supply of raw materials, all the while making a product that probably was not as profitable as originally hoped. By the spring of 1788, a little more than a year after coinage began in earnest, the venture was in disarray. The Rahway operation was closed that summer, the Morristown mint very soon thereafter, and the state was left owed an unfinished supply of its coppers. The governor prevailed upon one of the original sponsors of the coinage to finish the task as best he could, and coining began again in the summer of 1788. It continued at the Rahway location, later in Elizabethtown, into 1790, striking whatever blanks it could with whatever dies were to hand. In the meantime, others seem to have made New Jersey’s under various pretexts because they were the only copper coins not to lose their market value in 1789. The business was finished by the middle of 1790. The state put its copper into circulation even after the adoption of the federal constitution and New Jersey coppers could still be found circulating in rural areas into the 1850s. Let us know what we can do to make your purchase easy and smooth. Ask any questions you would like to. We will do our best to answer and as always....We will serve you with IntegrityGod bless you and God bless America

Price: 1880 USD

Location: Matawan, New Jersey

End Time: 2024-10-12T20:01:25.000Z

Shipping Cost: 14.4 USD