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Lot 150

Colonial Currency, Printed by B. FRANKLIN, 1756, PA 20s

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Description

Colonial Notes Printed by B. Franklin
January 1, 1756 Benjamin Franklin Printed Colonial Note
Province of Pennsylvania. January 1, 1756. Twenty Shillings. Plate B. “Printed by B. FRANKLIN” Issue. Fine.
Fr. PA-76. This historic “Printed By B. FRANKLIN” Colonial note is even in circulation. Both the face and back sides are well centered. Two of the signatures, Thomas Davis and John Reynell are basically readable, while the other has faded. There is some conservation to the centerfold. The vivid legend “Printed By B. FRANKLIN” is boldly printed on the lower reverse. A very scarce note that lists in the Newman reference book at $1,500 in Fine.
Colonial and Continental Congress issued currency is one of the greatest fields of collecting within American numismatics. Colonial American paper money was the very first used in the entire Western World. First issued in 1690 Massachusetts, the use of paper money quickly spread to all thirteen British colonies. American history was immensely influenced by the use of this “fiat” paper money as it allowed for an expanded economy and trade between the colonies. The history of paper money is repeated, even today. The very first issued of Massachusetts currency of 1690 had some notes deceptively altered to show higher values, inflation and the rampant printing of both the Colonial and Continental Congress issues led to the Government “bailout” of State debt, huge inflation and the mistrust of paper money as being ultimately “Not Worth A Continental.” Collect this field and learn how history repeats!

For additional historic, rarity and value information, I highly recommend acquiring an additional reference book which is considered to be the “Bible” on this field of collecting, “The Early Paper Money of America” by Eric Newman.

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21%

Estimate $1,000 – $1,500
Starting Bid $600
live auction started on
Us Auction
9:00 AM - Jun 03, 2012
Ended
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Early American History Auctions

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