Search Results for "fiscal history" - Collection

United States 1934 New Jersey Atlantic County School Scrip Ten Dollars specimen with red engraved design, serial P0000, interest bearing county school tax instrument, Great Depression era

United States 1934 - New Jersey 10 Dollars County of Atlantic School Scrip Specimen (November 1 Issue)

School scrip issues such as this provide direct evidence of the severity of the Great Depression’s impact on public education. Counties were legally obligated to maintain schooling but lacked liquid funds, forcing them to monetize future tax receipts through interest-bearing instruments secured by municipal obligations. Once fiscal conditions stabilized, issued scrip was redeemed and cancelled, erasing most physical traces of the system. Read more →

United StatesMunicipal Scrip Specimen193410 DollarsUncirculated Specimen School ScripCounty School ScripSchool Tax InstrumentInterest Bearing Instrument10 DollarsRed Engraved NoteSpecimen OverprintSerial Number P0000Guilloche Security MedallionE. A. Wright Bank Note CompanySecurity PrintingPrivate Banknote PrinterDepression Era PrintingMunicipal Finance InstrumentGreat DepressionSchool Finance HistoryCounty-Level ScripMunicipal Debt InstrumentNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1934New JerseyAtlantic CountyPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census

United States 1933 New Jersey Borough of Palmyra Municipal Scrip Five Dollars specimen, brown engraved design, serial V0000, general obligation borough instrument

United States 1933 - New Jersey 5 Dollars Borough of Palmyra Municipal Scrip Specimen (General Obligation)

Municipal scrip functioned as a direct acknowledgment of indebtedness by the issuing authority, intended for local circulation or settlement rather than long-term financing. In Palmyra’s case, the scrip was structured as a general obligation of the borough, transferable by delivery and bearing interest at the rate of three percent per annum from the date of issue. It was expressly acceptable in payment of taxes or other indebtedness to the borough, with redemption to be fixed by the Borough Council, integrating it directly into the municipality’s fiscal system. Read more →

United StatesMunicipal Scrip Specimen19335 DollarsUncirculated Specimen Municipal ScripBorough Issued ScripGeneral ObligationInterest Bearing Instrument5 DollarsBrown Engraved NoteSpecimen OverprintSerial Number V0000Guilloche Security MedallionE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionMunicipal Finance HistoryNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1933New JerseyBurlington CountyPalmyraPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census

United States 1935 New Jersey Borough of Palmyra Municipal Scrip One Dollar specimen, blue engraved design, serial A0000, general obligation borough instrument

United States 1935 - New Jersey 1 Dollar Borough of Palmyra Municipal Scrip Specimen (General Obligation)

Municipal scrip differed from tax anticipation notes and formal bond issues in that it functioned as a direct acknowledgment of indebtedness by the issuing municipality, intended for circulation or settlement within the local economy. In Palmyra’s case, the scrip was structured as a general obligation of the borough, transferable by delivery and bearing interest at the rate of three percent per annum from the date of issue. It was expressly acceptable in payment of taxes or other indebtedness to the borough, or redeemable on a date to be fixed by the Borough Council, embedding it directly into the municipality’s fiscal operations. Read more →

United StatesMunicipal Scrip Specimen19351 DollarUncirculated Specimen Municipal ScripBorough Issued ScripGeneral ObligationInterest Bearing Instrument1 DollarBlue Engraved NoteSpecimen OverprintSerial Number A0000Guilloche Security MedallionE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionMunicipal Finance HistoryNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1935New JerseyBurlington CountyPalmyraPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census

United States 1934 New Jersey City of Asbury Park Tax Anticipation Note One Dollar Recovery Bond specimen, green engraved design, serial A0000, Depression era municipal bond instrument

United States 1934 - New Jersey 1 Dollar City of Asbury Park Tax Anticipation Note Recovery Bond Specimen (March 31 Issue)

Tax anticipation notes were legally authorized short-term obligations designed to transform expected tax receipts into immediate operating funds. In early 1934, Asbury Park employed this mechanism to sustain daily municipal functions and preserve fiscal continuity while awaiting the collection of property and other local taxes. The issue was authorized pursuant to Chapter 192 of the Laws of 1917 of the State of New Jersey, as amended, placing it within an established statutory framework rather than emergency improvisation. Read more →

United StatesTax Anticipation Note Specimen19341 DollarUncirculated Specimen Tax Anticipation NoteRecovery BondMunicipal Bond InstrumentCity Issued Obligation1 DollarGreen Engraved NoteSpecimen OverprintSerial Number A0000Municipal SealE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionTax Anticipation FinancingMunicipal Recovery ProgramsNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1934New JerseyAsbury ParkPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census

United States 1934 New Jersey City of Asbury Park Tax Anticipation Note Five Dollars Recovery Bond specimen, orange engraved design, serial B0000, Depression era municipal bond instrument

United States 1934 - New Jersey 5 Dollars City of Asbury Park Tax Anticipation Note Recovery Bond Specimen (March 31 Issue)

The engraved legal text states that the City of Asbury Park, a municipal corporation of the State of New Jersey, for value received acknowledges itself indebted and promises to pay to bearer the sum of Five Dollars. The note was issued at the office of the City Treasurer and does not bear interest prior to maturity, reflecting its intended role as a short-term obligation to be redeemed or offset promptly against incoming tax receipts. It is expressly acceptable in payment for and discharge of any taxes thereafter payable to the city, reinforcing its function as both a debt instrument and a fiscal settlement medium. Read more →

United StatesTax Anticipation Note Specimen19345 DollarsUncirculated Specimen Tax Anticipation NoteRecovery BondMunicipal Bond InstrumentCity Issued Obligation5 DollarsOrange Engraved NoteSpecimen OverprintSerial Number B0000Municipal SealE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionTax Anticipation FinancingMunicipal Recovery ProgramsNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1934New JerseyAsbury ParkPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census

United States 1934 New Jersey City of Asbury Park Tax Anticipation Note Ten Dollars Recovery Bond specimen, black engraved design, serial C0000, Depression era municipal bond instrument

United States 1934 - New Jersey 10 Dollars City of Asbury Park Tax Anticipation Note Recovery Bond Specimen (March 31 Issue)

The reverse carries an engraved panoramic vignette of the Asbury Park waterfront and boardwalk, visually anchoring the obligation to the city’s economic identity as a coastal resort municipality. The prominent inclusion of the words RECOVERY BOND underscores the political and fiscal messaging embedded in the instrument: this was not merely a debt note, but a declared tool of municipal recovery during a period of national economic collapse. Read more →

United StatesTax Anticipation Note Specimen193410 DollarsUncirculated Specimen Tax Anticipation NoteRecovery BondMunicipal Bond InstrumentCity Issued Obligation10 DollarsBlack Engraved NoteSpecimen OverprintRed OverprintSerial Number C0000Municipal SealE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionTax Anticipation FinancingMunicipal Recovery ProgramsNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1934New JerseyAsbury ParkPick UnlistedMuseum GradeR9 Extremely RareUnique

Held

Ask PMG Census