1072

UNITED STATES: AE halfpenny, 1786, PCGS VF30

Currency:USD Category:Coins & Paper Money / US Coins Start Price:180.00 USD Estimated At:200.00 - 300.00 USD
UNITED STATES: AE halfpenny, 1786, PCGS VF30
CURRENT BID
0.00USD+ applicable fees & taxes.
ENTER YOUR MAXIMUM ABSENTEE BID[?]
You must bid at least
180.00USD
USD
180.00 x 1 unit = 180.00USDApplicable fees & taxes are added at checkout.
[?]Live Online Auction Starts In 2025 Sep 19 @ 09:00 (UTC-07:00 : PDT/MST)
IMPORTANT NOTE - The Buyer's Premium is now $20 per lot or 20% of the hammer price, whichever amount is greater. However, we have also reduced opening bids on lower value items to adjust for the new Buyer's Premium structure, so all-in costs are still very close to what they were in the past. This change in fee structure will allow us to continue to offer coins valued at less than $100 in addition to our higher value offerings. Contact us with any questions.
UNITED STATES: AE halfpenny, 1786, KM-8, New Jersey copper, narrow shield, variety with straight plow beam, PCGS graded VF30. On June 1, 1786, the New Jersey legislature authorized Walter Mould, Thomas Goadsby, and Albion Cox to mint three million copper coins at a weight of 150 grains each over a two-year period in return for a ten percent royalty to the state and the posting of a £10,000 surety bond. The coppers were to circulate at fifteen to the shilling and were to be produced within New Jersey. The design of the coins was not resolved; the legislation simply stated they were to have "Marks and Inscriptions as shall be directed by the Justices of the Supreme Court, or any one of them."The obverse of the copper displayed a plow beneath a horse head facing right with the legend NOVA CÆSAREA and the date. The use of "CÆSAREA" is based on the ancient classical name for the Island of Jersey in the English Channel. The 1688 indenture issued by Charles II called the colony "Nova Caesarea, of New Jersey." The reverse of the coin depicted an American shield that is similar to one used on some of the confederation patterns along with the national motto as the legend, E PLURIBUS UNUM (One from many). New Jersey coppers were the first coins to bear the national motto.