Tuesday, July 1, 2008

Pennsylvania Colonial Notes

By William Brandimore, Market Update
June 30, 2008

Ben Franklin printed numerous Pennsylvania and Delaware notes. His nature leaf prints on the backs of notes were effective counterfeit protectors. His company name appears on notes printed in 1764 and earlier. His partner was a man named Hall who teamed up with Sellers after Franklin's retirement from the printing trade. Pennsylvania also used the New York City trick of issuing notes for specific government expenditures. The Insane Asylum note (actually the Walnut Street Jail) and the Lighthouse note raised money for public works such as jail building and piers and lighthouses.

Pennsylvania notes are numerous and widely available. Many well circulated notes can be had for less than $50.

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