Description

    New Hampshire Colonial Imprint Fixing the Value of Silver and Gold Coin and Usury Rates. Laws of the Province of New Hampshire: An Act for ascertaining the Value of coined Silver and Gold, and English Half-Pence and Farthings, and the rates at which they shall pass for the future in this Province. Also: An Act to restrain the taking excessive Usury. Five pages, 7.5" x 12" (untrimmed), Porstmouth, New Hampshire; Printed by Order of His Excellency the Governor. [August 1], 1765. Sold by Furber & Russell. Stitched binding. Printed tract contains two Acts.

    First Act: An Act for ascertaining the Value of coined Silver and Gold. In addition to setting standard values for English, Spanish, and Portuguese coins, the Act also defines the "Penalty for passing gold or silver at any other rate," decrees that "All contracts to be understood for this money; all accounts to be kept accordingly," and establishes "How former debts are to be estimated." Finally, it decrees that "All contracts &c. to be understood for gold or silver at that value from the First of August."

    Second Act: An Act to restrain the taking excessive Usury. Act restricts "taking excessive interest for the loan of money... wares, merchandize or any other personal estate whatsoever," and decrees "No interest to be allowed above six per cent." The Act allows for penalties and exceptions, and decrees "All securities for money now outstanding to be reduced to six per cent."

    This interesting document reveals the confusion - both before and after its enactment - that foreign coins created in the colonies. It would not be until 1792 that the first half dimes and a few copper cents patterns were struck by the new United States mint. Document is lightly age toned with occasional foxing and a few small chips/tears along edges. Generally very good condition.


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    Auction Dates
    February, 2010
    11th-12th Thursday-Friday
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