1787 New Jersey Copper NGC VF20 BN (Small Planchet, Plain Shield). This New Jersey 1787 New Jersey Copper shows light brown devices with darker fields. The coin shows clean surfaces and wear, in keeping with the grade. Both sides have strike problems resulting from worn out dies, the obverse more so than the reverse.

In June, 1786, private operators were given the right to coin coppers at a value of fifteen to the shilling. One tenth of the coinage was paid to New Jersey. The contractors had the responsibility of purchasing the metal and all of the other expenses of manufacturing the coins. The total face value, less the expenses was the profit that was made.

Thomas Goadsby and Albion Cox asked for the right to coin two-thirds of the total of the New Jersey coppers independently of the other contractor, Walter Mould. On November 22, 1786, the petition was granted.