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4 shilling note
- Colonial New York 4 shilling note issued by the New York Waterworks in 1775. This note entitles the bearer to “current money of the colony of New-York,” payable by the mayor, alderman or commonalty. (0000.999.29207)
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Colonial New York 4 shilling note issued by the New York Waterworks in 1775. This note entitles the bearer to “current money of the colony of New-York,” payable by the mayor, alderman or commonalty.
Apr 14, 2021 · 1774 saw the first issues by City of New York itself in the name of the Mayor, Alderman and Commonalty of the city. This was the first time any municipality had issued its own bills in the colonies, to raise an initial sum of £2,400 for the city’s water works.
After the American Revolutionary War began in 1775, the Continental Congress began issuing paper money known as Continental currency, or Continentals. Continental currency was denominated in dollars from $ 1 ⁄ 6 to $80 , including many odd denominations in between.
Nov 21, 2019 · The earliest paper money authorized by a government in the Western world was issued here in America, in the Massachusetts Bay Colony, in 1690. The earliest bill in The Early American Paper Money Collection was printed in 1746 for the Delaware colony by a name that may be familiar: Benjamin Franklin .
There were eleven issues of American paper money authorized by the Con- tinental Congress, the first dated May 10, 1775 and the last dated January 14, 1 Murray Teigh Bloom , Money of Their Own (New York 1957) p. 236.
When you stop to consider that, in 1775, the average wage for general labor in construction, farming operators, etc. was approximately 10-cents a day, you can see how much this three pound note was worth. Adjusted for inflation and exchange rates, three pounds in 1774 was worth $94.00 in 2011.
The design on the reverse face of the note is based upon a security feature invented by Benjamin Franklin for the 1737 New Jersey paper money issue. Franklin developed a method of printing from leaf casts via a copper plate press for transferring a sage leaf image onto the back of paper money bills.
