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Auction details

 

Autographs-Coins-Currency-Americana
9:00 AM PT - Nov 15th, 2008

 

offered by
Early American

 

P.O. Box 3507

Rancho Santa Fe, CA 92067
Us Auction

 

       

Lot 107 save

Colonial Currency, PA, April 10, 1777, 4 Shilling

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Pennsylvania Currency
Vivid Red and Black Printed April 10, 1777 Issue Note

Pennsylvania. April 10, 1777. Four Shillings. Red and Black Printed Issue. PASS-CO graded Extremely Fine-40.
Fr. PA-217b This impressive, highly colorful note has excellent deep red and black printed text and designs. It is quite well centered, with a clean, defect-free appearance, showing some light overall circulation with the reverse showing slightly more soiling than the bright face. The bold brown signatures and serial number add further to the significant eye appeal, enjoyed by this note and certainly its future owner. According the current PMG "Population" report, to date, they have not yet graded any Four Shillings note of this Red and Black printed issue.

The production method in 1777 for any note of two or more colors meant extra work for the printer. Each sheet had to be placed onto the printing press twice, one time to print the red text and a second pass to add the black. Each time a color was printed, the paper sheet had to be hung up to dry for a day and then laid back down, hopefully in the same exact place as proper alignment was critical, to add the second color. Obviously, this was a far more timely procedure that added extra work and cost. That is a major reason we see so few Colonial issues that are multicolor.

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