NJ-20A.

12 1/2 cents (One Shilling)

Day & Co., Morristown

(Wiki "Panic of...") 1837

The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded.

The note has an interesting period comment written on the back: “Andrew Jackson’s/Constitutional/Currency” alluding to the financial and political battles that raged through the Panic of 1837 era. This dual denominated note (shillings and cents) has a high probability of being unique or nearly so.
Formerly of the Schingoethe collection