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1/2 Penny - Copper

Issuer State of New Jersey
Year 1786-1788
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Composition Copper
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Obverse script Latin
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Edge Reeded
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Additional information

New Jersey was the first state to authorize its own copper coinage after independence, passing legislation in June 1786 that licensed three private contractors — Albion Cox, Thomas Goadsby, and Walter Mould — to strike the pieces. The arrangement was troubled almost immediately. Mould in particular was suspected of striking unauthorized planchets beyond his quota, and the coins themselves varied wildly in weight and quality across the production run.

Contemporary counterfeit and lightweight pieces circulated freely alongside the authorized issue, a persistent problem with state coppers of this period that the New Jersey legislature proved unable to control before federal coinage authority superseded all state issues.

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