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Obverse of 1788 New Jersey Copper - Maris 50-f    Reverse of 1788 New Jersey Copper - Maris 50-f

  
1788 NEW JERSEY COPPER -
MARIS 50-f

Rarity: Scarce

Variety equivalents: Breen 915

Notes:
This was the only use of the obverse die.

The reverse die of this variety was also used on:
1787 Maris 37-f 
1787 Maris 48-f 
1788 Maris 49-f  

Images courtesy of Ira & Larry Goldberg Coins & Collectibles

Significant examples:
"Uncirculated".  Ex - Garrett

Recent appearances:
VF-25.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 56, "Maris 50-f, Head Left, Rarity-3, 150.4 grains", illustrated, not sold

VF-25.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 57, "Maris 50-f, Head Left, Rarity-3, 139.6 grains", illustrated, not sold

PCGS VF-20 (illustrated above).  Ex - Paul Arthur Norris - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Pre-Long Beach Sale", September 23 & 24, 2002, Lot 73, illustrated, where it was described as follows: "PCGS graded VF-20. This is one of the scarce Goadsby issues, thought to have been struck very early in 1788. The surfaces are rough, perhaps as much in the original planchet (typical) as from subsequent events. Dark brown in color and pleasing otherwise in appearance. The strike is sharp, and the date is full and complete as this example is unusually well centered. PCGS has graded only 10 of this variety, 9 between the grades of VG-VF, and a single coin higher as EF-45, and the Finest Known mint state Garrett coin apparently hasn't been graded yet.
New Jersey coppers came to be from the efforts of Matthias Ogden, the Revolutionary War hero. As Breen notes, Ogden came under the common delusion that striking coins would make you rich. He joined forces with three men, Albion Cox, Thomas Goadsby and Walter Mould. Ogden saw to it that the necessary state legislation was passed, and was soon embroiled in the usual partnership problems of distrust and arguments. This particular coin was made by Thomas Goadsby, with equipment seized from the defunct Rahway mint. In a few years, this copper coinage experiment folded with most of the participants either fleeing to other states or in jail to avoid creditors...", not sold - Ira & Larry Goldberg Coins & Collectibles, Inc. "The Benson Collection, Part III", February 24-25, 2003, Lot 24, illustrated, sold for $1,207.50

"Very Good or better".  Ex - Early American History Auctions, Inc.'s Mail Bid Sale, April 22, 2000, Lot 1084, "...127.8 grains..."

Sources and/or recommended reading:
"Walter Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter Breen

Obverse of 1788 New Jersey Copper - Maris 50-f     Reverse of 1788 New Jersey Copper - Maris 50-f

Images courtesy of Clem Schettino