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Currency from each of the 13 original colonies, ranging in size from 1.25” x 2.25” to 3” x 4.5.” Notes range in denomination from one fourth dollar to six dollars and three pence to thirty shillings, with one bill (South Carolina) being for twenty five pounds and one bill (Virginia) being for six Spanish Milled dollars. Each bill is dated from 1776: New Hampshire (June 28), New York (March 5), Massachusetts (June 18), Pennsylvania (April 25), Connecticut (June 19), Rhode Island (September 1), Maryland (August 14), New Jersey (March 25), Delaware (January 1), North Carolina (April 2), South Carolina (March 6), Virginia (October 7), and Georgia (unspecified). Each note bears one, or multiple, authoritative signatures at the conclusion of the ornately designed slip. Matted and framed with an image of the signing of the Declaration of Independence, and a brief descriptive plaque entitled ‘Paper Money from the Thirteen Original Colonies,’ to an overall size of 28.75 x 41.25. In very good condition, with mild toning, scattered light soiling, typical cancellation through Connecticut, Rhode Island and Massachusetts notes, and irregular edges. Protective anti Reflective Museum Optium 99% UV filtering Plexiglass contains the entire frame and each note has been archivally encapsulated in mylar for protection, which is fully reversible.
Before the Revolutionary War, the British Parliament passed the Currency Acts of 1751, 1764, and 1773 to control colonial paper money to protect their merchants from depreciated colonial currency. By not allowing the currency to be used for "legal tender" to pay public and private debts, this created a money crisis for the colonials who had little access to gold and silver for coinage except for foreign coins like the Spanish dollar. When the war broke out, the colonies were freed from the monetary restrictions, allowing the Continental Congress to print paper money to help fund the war effort. Each state as well issued its own unrestricted currency, contributing to a rapid depreciation of both state and Continental money. To address this problem, the Constitution, ratified in 1788, banned the right of independent states to coin and print money. Assembling a reasonably priced collection of paper money from all 13 colonies is difficult. This set will surely please collectors of early American history.
