January 9, 1781, New Jersey, 3 Shillings 6 Pence, “Comment Free Holder”, PCGS Currency Choice About New-58 Premium Paper Quality.
Fr. NJ-197. This crisp note has no folds and we assume that the graders confused the printing impression from the opposite side as a fold, which absolutely is not. Signed by Benjamin Smith and Robert Neil being as vivd as on the day they signed in 1781. Issued under the Act of January 9, 1781, a total of £30,000 worth of notes like this one were introduced and were redeemable back to the treasury by the end of 1787. The legal tender status of this note was later “revalued” in December 1784 on a Three-old to-One new basis, where $3 in paper was good for $1 in specie coin. This note grades crisp Uncirculated in our opinion. It has impressive bright paper, deep press text embossing, and better than average centering.