1776 - Rate Expressed in Local Currency Equivalent |
|
| 13 February 1776 Newburyport, Massachusetts (NP postmark) to Philadelphia, 4 pennyweight 16 grains due rate currency of account converted to local currency equivalent of 2/- (2 shillings) when delivered as noted at left |
| e |
| In 1774 the Continental Congress established postal rates expressed in pennyweights and grains of silver as a currency of account. The rate for distances between 400 and 500 miles was 4 dwt. 16 gr. This money of account had to be converted to an equivalent amount in local currency when it was actually paid. |
|
Two Shillings Pennsylvania "resolve money" dated October 25, 1775 |
| e |
| Pennsylvania issued £22,000 in bills of credit as resolve money pursuant to a resolve of September 30, 1775. This note was printed by Hall and Sellers of Philadelphia. Anti-counterfeiting measures, including Benjamin Franklin's leaf nature print on the reverse, were employed in printing. Paper containing mica specks and silk threads was used. |
| e | |
| « Previous Page | |
|
|
|
|
Richard Frajola, May 2006 |
|