Auction Date:2018 Mar 29 @ 19:00 (UTC-7 : PDT/MST)
Location:2320 W Peoria Ave Suite B142, Phoenix, Arizona, 85029, United States
1771 North Carolina 2£ Two Pounds Colonial Currency Note. Issued on December, 1771. Printed by Davis. Hand-signed by Richard Caswell, John Rutherfurd, Lewis De Rosset and John Harvey.
Please see photos for more details.
Early American currency went through several stages of development in colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States in 1776, foreign coins like the Spanish dollar were widely circulated. Colonial governments sometimes issued paper money to facilitate economic activity. During the American Revolution, the colonies became independent states; freed from British monetary regulations, they issued paper money to pay for military expenses. The Continental Congress also issued paper money during the Revolution, known as Continental currency, to fund the war effort. One by one, colonies began to issue their own paper money to serve as a convenient medium of exchange. In 1690, the Province of Massachusetts Bay created "the first authorized paper money issued by any government in the Western World." This paper money was issued to pay for a military expedition during King William's War. Other colonies followed the example of Massachusetts Bay by issuing their own paper currency in subsequent military conflicts.
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2320 W Peoria Ave Suite B142, Phoenix, Arizona, 85029, United States
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