
Colonial Currency
![]() 1776 Massachusetts 12 Pence Paul Revere engraved this note from the Massachusetts Bay Colony. An image of a codfish, which symbolized prosperity for the Massachusetts fisheries, is depicted on the front side of the note. |
". . . Eric P. Newman, a leading authority on the early paper money of America, distinguishes between Continental Currency, issued by the authority of the Continental Congress, Colonial currency, issued by the colonies before the revolution, and state currency, issued after the Declaration (though many collectors lump together state and colonial issues and refer to both as Colonial Currency) . . ." — Continental (currency) at Wikipedia
". . . Pennsylvania was opposed to the federal issue of bills of credit or paper money, but no one knows how Benjamin Franklin, a Pennsylvania delegate, voted on the matter. Some feel that Franklin, being a master at compromise and project completion, deliberately left the paper-money issue unclear in order to cut off the wrangling and get the Constitution approved . . ." — Obsolete Paper Money: Issued by Banks in the United States 1782-1866, by Q. David Bowers (foreward by Eric P. Newman)
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