One Penny Note-August 6, 1789

Discussion in 'Paper Money' started by cherylkubucko, May 2, 2008.

  1. cherylkubucko

    cherylkubucko Grandma Froggie

    I hope this will help.
    You can go here to read more www.coins.nd.edu

    Pennsylvania Currency

    August 6, 1789-Bank of North America

    An emission of small change bills of credit payable in specie issued by the Bank of North America in Philadelphia. This was one of several fractional currencies printed to carry on commerce during the "Copper panic" when the price of copper dropped dramatically and copper half penny coins were either not accepted by merchants or only accepted at far below their denominated value. The notes were printed by Benjamin Bache in Philadelphia on paper supplied by Benjamin Franklin that had a marbled border along the top of the sheet. Four rows of notes were printed on each sheet with four notes per row. The top row of the sheet contained three pence notes, these notes have a polychromed or marbled back (consisting of red yellow and blue swirls in the paper). The remaining three rows of each sheet were one pence notes without marbling. Each note bears the printed signature of Tench Francis, cashier of the bank. Denominations issued were 1d and 3d. They were also designated as one ninetieth and three ninetieths of a Spanish dollar respectively.


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    1d



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    1d
    Signer: printed signature of Tench Francis

    Size: not available

    Comments: This is an unnumbered typeset note of plate E. The reverse is printed from the opposite end so that the note has a "coin turn" rather than the &medal turn," which is more common on paper currency. On the front is the printed signature of the bank's cashier. The back states, "Printed by B.F. BACHE, Philadelphia." Denominated as one penny specie, that is, a pence. In lower front border is B*F*B*1*7*8*9 (for the printer B.F. Bache) and on back in top border is 1 [design] 7 * 8 [design] 9 and in the lower border is B*A*N*K .
     
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  3. Daggarjon

    Daggarjon Supporter**

    those are soo cool!!
     
  4. cherylkubucko

    cherylkubucko Grandma Froggie

    :cool:those are soo cool!! I know, The more I read and seach makes me want to start collecting them. But for now I am still learning the coin end. :thumb:I hope ya'll are enjoy reading about this,:hail: I know I am:) Have a blessed Day, Cheryl
     
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