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Colonial Currency, NJ, April 16, 1764, £3

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New Jersey Currency

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Serial Number 344 of 712 Three Pounds Plate D Printed

New Jersey. April 16, 1764. Three Pounds. Plate D. Crisp Very Fine.
Fr. NJ-168. This is a well centered and lightly circulated, crisp red and black printed note that is quite attractive. There is a small 1/2" round spot at bottom at the lower signature. The print quality is strong and sharp with all text and devices clear. Of 2,850 total £3 notes issued in 1764 only 712 would carry Plate D. Also, this issue was made legal tender until December of 1782 and made invalid after December of 1783. As such, virtually all of the notes of this issue would have been turned back into the Treasury by that date, and destroyed.

The production method in 1764 for any note of two or more colors meant extra work for the printer. Each sheet had to be placed onto the printing press twice, one time to print the red text and a second pass to add the black. Each time a color was printed, the paper sheet had to be hung up to dry for a day and then laid back down, hopefully in the same exact place as proper alignment was critical, to add the second color. Obviously, this was a far more timely procedure that added extra work and cost. That is a major reason we see so few Colonial issues that are multicolor.

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