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On this day in 1690, Massachusetts issued the first paper currency in what would become the United States. the slightly later examples here date from 1713, 1717, and 1744. The wavy top edge of the first two bills is an anti-counterfeiting measure; the bills were redeemed by pairing them with a sub retained by the government which matched the cut edge.

Econ 4598.2

Houghton Library, Harvard University

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    Houghton Library post from February 3, 2014
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    An amazing find!
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    I see a Winthrop and Davenport signature on there.
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    OOH, how cool! I posted a bit on this a while back complete with a chapter on American Economic history that talked...
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