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<p>[QUOTE=&quot;scottishmoney, post: 1086079, member: 12789&quot;]Best illustrated with images:</p><p><br /></p><p><img src="http://scottishmoney.net/banknotes/usa/colonials/pennsylvania50s1760.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Pennsylvania first issued paper money beginning in 1723 as a&nbsp; means of funding several provincial projects in the colony, the earliest&nbsp; notes were printed by Andrew Bradford.&nbsp; Benjamin Franklin printed a&nbsp; small change note for an Evan Morgan in June 1729 and apparently&nbsp; accepted some in payment, but he did not himself print notes for the&nbsp; colony until 1739.&nbsp; With the 1739 issue Franklin introduced what was&nbsp; then a high tech solution to thwarting counterfeiting, the inclusion of a&nbsp; leaf for printing the reverse of the note - the leaf being unique in&nbsp; it&#039;s structure and the print thereof being difficult to duplicate an&nbsp; exact copy of.</b></p><p><b><br /></b></p><p><b><img src="http://scottishmoney.net/banknotes/usa/colonials/pennsylvania50s1760dtl1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></b></p><p><b><br /></b></p><p><b></b><b>Counterfeiting of paper money in 18th century was on a scale&nbsp; that is now unimaginable - a plague that never really was quite&nbsp; eradicated during the time.&nbsp; The simplicity of printing techniques&nbsp; during the time, coupled with the trying times, coalesced to driving the&nbsp; colonies into near financial collapse at times - with entire paper&nbsp; money issues being recalled and exchanged for new bills at times.&nbsp; The&nbsp; penalties for forgery became severe - the death penalty is about as&nbsp; strong a measure as can be enacted, but in essence even that harsh&nbsp; measure never completely eradicated the problem - particularly so during&nbsp; the American Revolution a few years later when the British government&nbsp; conspired to circulate counterfeit notes.</b></p><p><b><br /></b></p><p><b><img src="http://scottishmoney.net/banknotes/usa/colonials/pennsylvania50s1760dtl2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></b></p><p><b><br /></b></p><p><b><img src="http://www.cointalk.com/One%20of%20the%20most%20fascinating%20aspects%20of%20collecting%20colonial%20era%20paper%20money%20is%20the%20history,%20in%20this%20instance%20the%20note%20was%20printed%20in%20the%20shop%20of%20Benjamin%20Franklin%20and%20his%20associate%20David%20Hall.%20David%20Hall%20was%20born%20in%20Scotland%20in%201714%20and%20became%20a%20journeyman%20printer%20in%20Franklin%27s%20firm%20in%201743%20having%20just%20prior%20emigrated%20from%20Scotland.%20Hall,%20being%20a%20a%20reliable%20associate%20became%20a%20full%20partner%20of%20Franklin%20in%201748%20and%20ran%20the%20firm%20during%20Franklin%27s%20extended%20travels%20to%20Great%20Britain%20during%20the%201750%27s%20and%201760%27s.%20In%20all%20likelihood%20after%201748%20Franklin%20really%20had%20little%20to%20do%20with%20his%20printing%20business%20in%20Philadelphia%20beyond%20being%20a%20passive%20partner%20and%20investor%20-%20so%20unlike%20my%201746%20Delaware%20note%20which%20was%20printed%20by%20Franklin%20-%20this%20note%20was%20printed%20by%20David%20Hall.%20Franklin%27s%20name%20continued%20being%20displayed%20on%20the%20notes%20through%20the%201764%20issue,%20in%201766%20Franklin%20sold%20his%20interest%20in%20the%20firm%20to%20David%20Hall%20who%20subsequently%20brought%20in%20William%20Sellers%20as%20a%20partner%20in%20the%20business.%20After%20David%20Hall%27s%20demise%20in%201772%20William%20Sellers%20continued%20the%20firm%20under%20the%20Hall%20and%20Sellers%20name%20until%20his%20demise%20in%201804.%20Hall%20and%20Sellers%20would%20be%20the%20primary%20printing%20contractor%20for%20Pennsylvania%20and%20later%20Continentals%20and%201780%20Guaranty%20notes." class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></b><b>One of the most fascinating aspects of collecting colonial era&nbsp; paper money is the history, in this instance the note was printed in the&nbsp; shop of Benjamin Franklin and his associate David Hall.&nbsp; David Hall was&nbsp; born in Scotland in 1714 and became a journeyman printer in Franklin&#039;s&nbsp; firm in 1743 having just prior emigrated from Scotland.&nbsp; Hall, being a a&nbsp; reliable associate became a full partner of Franklin in 1748 and ran&nbsp; the firm during Franklin&#039;s extended travels to Great Britain during the&nbsp; 1750&#039;s and 1760&#039;s.&nbsp; In all likelihood after 1748 Franklin really had&nbsp; little to do with his printing business in Philadelphia beyond being a&nbsp; passive partner and investor - so unlike my 1746 Delaware note which was&nbsp; printed by Franklin - this note was printed by David Hall.&nbsp; Franklin&#039;s&nbsp; name continued being displayed on the notes through the 1764 issue, in&nbsp; 1766 Franklin sold his interest in the firm to David Hall who&nbsp; subsequently brought in William Sellers as a partner in the business.&nbsp;&nbsp; After David Hall&#039;s demise in 1772 William Sellers continued the firm&nbsp; under the Hall and Sellers name until his demise in 1804.&nbsp; Hall and&nbsp; Sellers would be the primary printing contractor for Pennsylvania and&nbsp; later Continentals and 1780 Guaranty notes.</b>[/QUOTE]</p><p><br /></p>

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