Information on the Colonial note of DeOrc's.

Hello eveyone,

This is the thread for information on the "Paper Money Contest" DeOrc will post the winner here.
You as well will post information on the note here for all to learn. Please limit all contest related remarks to the Contest thread.Thank you all, and have fun!

Please place all your information on DeOrc's colonial note here. DeOrc will determine the winner once he is satisfied with the information!
Good luck and have a great time learning about Colonial currency!

RickieB


"Of course we all must wait until he post's the image for us."

 

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OK guy's here is the front of the note, it is not in the greatest of condition but it only cost me 50c so I am not complaining LOL

 

And here is the back Have fun and I will appreciate all info given :thumb:

 

i am confused what exactly is the contest?

 

Hello Everyone....
So as not to be confused....please look at the Contest Fourm for Paper Money Contest to Help DeOrc.

There will be the guidelines for the contest. Let's try to help him out on this....as an added bonus I will include a special $1 US FRN note to the offering!!
That note is the one posted in a thread called "Good Evening from North Carolina" check it out!!
Good luck...


RickieB


I think I have found the answer to DeOrcs note!! Since I am the Contest originator I can not qualify for the prize. It will take a bit of looking and there is one particular fact that you must get correct!!

 

Lets start with this - it is very similar to this note:

Item number: 180157754376
http://cgi.liveauctions.ebay.com/Th...emQQcategoryZ28272QQihZ008QQitemZ180157754376

Jom Gallen appears to be a name?

The part about one feather might be similar to this tale?

;;;Chapter Sixteen
Avoiding Pitfalls
Watch and pray, that ye enter not into temptation: the spirit indeed is willing, but the flesh is weak.
--Matthew 26:41

Paul speaks in these words about the need for raising positive, unequivocal voices in the cause of truth:
For if the trumpet give an uncertain sound, who shall prepare himself to the battle?
So likewise ye, except ye utter by the tongue words easy to be understood, how shall it be known what is spoken? for ye shall speak into the air.
There are, it may be, so many kinds of voices in the world, and none of them is without signification. (1 Cor. 14:8-10.)
Trumpets have sounded, warnings have been given, voices have been recorded in the chapters of this book. Pitfalls which beset youth and others, lurking dangers and forbidden paths for all have been pointed out. To know where the danger is and to be able to recognize it in all of its manifestations provides protection. The evil one is alert. He is always ready to deceive and claim as his victims every unwary one, every careless one, every rebellious one. Paul warned the Ephesians, "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." (Eph. 6:12.)

Insidiousness of Sin
Whether or not one is repenting from grave sin, the true spirit of repentance which all should exhibit embraces a desire to stay away from sin. One cannot simultaneously be repentant and flirt with transgression.
Sin, like a journey, begins with the first step; and wisdom and experience teach that it is easier to resist the first temptation than later ones, when a pattern of transgression has begun to develop. This is demonstrated in the story of the lark. Sitting in the high branches of a tree safe from harm, he saw a traveler walking through the forest carrying a mysterious little black box. The lark flew down and perched on the traveler's shoulder. "What do you have in the little black box?" he asked.
"Worms," the traveler replied.
"Are they for sale?"
"Yes, and very cheaply, too. The price is only one feather for a worm."
The lark thought for a moment. "I must have a million feathers. Surely, I'll never miss one of them. Here is an opportunity to get a good dinner for no work at all." So he told the man he would buy one. He searched carefully under his wing for a tiny feather. He winced a bit as he pulled it out, but the size and quality of the worm made him quickly forget the pain. High up in the tree again he began to sing as beautifully as before.
The next day he saw the same man and once again he exchanged a feather for a worm. What a wonderful, effortless way to get dinner!
Each day thereafter the lark surrendered a feather, and each loss seemed to hurt less and less. In the beginning he had many feathers, but as the days passed he found it more difficult to fly. Finally, after the loss of one of his primary feathers, he could no longer reach the top of the tree, let alone fly up into the sky. In fact he could do no more than flutter a few feet in the air, and was forced to seek his food with the quarrelsome, bickering sparrows.
The man with the worms came no more, for there were no feathers to pay for the meals. The lark no longer sang because he was so ashamed of his fallen state.
This is how unworthy habits possess us first painfully, then more easily, until at last we find ourselves stripped of all that lets us sing and soar. This is how freedom is lost. This is how we become enmeshed in sin.

On the reverse the note has "Amemen" (I think) on top which apears to be religious. This is what led me down the path of the story above?

Good Luck and thanks for the contest. I will try and do more searching.

 

It's a colonial bill of credit, the first American non-intrinsic currency.

Colonial paper notes functioned as currency but actually were bills of credit, that is, short term public loans to the government. Previously, currency had been limited to coins with an intrinsic value based on their gold, silver or copper content; similar to the value of commodity items used in bartering. Now, for the first time, the money itself had no intrinsic value other than the value of the paper on which it was printed. Rather, the value of the notes came from the fact they were issued by and accepted by the government of the colony in payment of debts.
The process would occur as follows. The colony would authorize the printing of a specified quantity of notes which it would then use to pay creditors. The creditors would, in turn, use the notes to make other purchases and so put them into circulation. With each currency emission the colony would also authorize a tax equaling the amount of the emission. In practice individuals would pay the tax using the notes, and in this way the emission would be taken out of circulation. This system has been called "currency finance" as the currency was printed to pay government debts based on anticipated or future tax income. As long as colonies had the ability to retire older emissions the system would work. If previous emissions could not be retired when newer emissions were issued then the new emissions would simple add to the quantity of paper in circulation. A continually increasing supply (or oversupply) of paper would naturally cause prices to rise and the value of the money to decline. The key to this system was for the colonies to only print as much money as they could expect to collect in taxes.

 

And it's from conneticut

 

Hmm, it seems to be two pieces of paper stiched together.

POssibly becuase the note was so worn do to exstened circulation due to economic reason, the paper backing was used to hold it together.

 

The Signature on the Reverse is found on notes of that period so one would assume it is part of an orignal note.?. Or something that was added when the note was pieced together due to a missing part of the original note.?. My guess anyways

 

okay is this note say crisp like paper or like a cotton cloth? wasn't the"paper" of that time cotton fibers?

 

Now that I can not realy answer as I do not want to handle the note as it is quite fragile. What I can tell you is that it has been clued on to a backing piece. This I have been informed is quite common.

 

Here is a quick scan of the prize for helping DeOrc!!

Let's get those books open!! The scan is pretty poor, sorry I was in a hurrythis morning.
Notes are Fine to XF...Oh and there are 4 notes to the set!!

RickieB

 

One thing that seems odd is that notes from this State and period seem to be more often 2 shillings and 6 pence.

 

Another odd thing with this note is the coat of arms. Most of the ones I've seen have three threes not one.

Here is a description taken from another auction:

printed by Timothy Green in New London features delicately detailed cuts and set type on both the face and the back. The center shows the Connecticut coat-of arms and reads:

Modified this slightly to fit your note.

"The POSSESSOR of this BILL, shall be paid by the treasurer of CONNECTICUT, TWO SHILLING Lawful Money.

By Order of Assembly, Hartford, July 1, 177_"

It is probably signed in ink by Benjamin Payne.


On many of these notes the fonts for "S" was substituted with an "F" especially seen in the words Possessor and Assembly.

 

According to my World Paper Money specialized issues catalog I have come up with this information.

It's a colonial issue of Connecticut
Printer Timothy Green "New London"
July 1, 1775 fourth issue for that year.
First second and third 1775 notes are for 2 shillings and 6 pence
The revers should have a pattern and inside of that pattern it should read Timothy Green New London
Catalog # S508 VG 20.00, VF 75.00.

Lou

 

This is with all colonial error type face.

 

Some of you are really close...there is still something significant about DeOrc's note that no one has got yet!
Look and it will appear before your eyes!

RickieB

 

I hope you don't mean the border missing up the right side?

 

Under the tree should it read "QUI TRA SUS" ???