Early Paper Money of America / Massachusetts / 1778 October 16
£8,000 in legal tender Bills of Credit payable by Oct. 18, 1784 and issued to replace all bills of 5s4d and below dated on or before June 18, 1776. Originally £28,000 (30,000 bills of each denomination) was authorized by the Oct. 13, 1778 Act, but the delay, expense, and poor quality in printing such quantities were avoided by the Jan. 26, 1779 Act which provided for new plates and a higher range of denominations for £20,000 of the bills (see 1779 issue). The copper face plate for the twelve lowest denominations of the Oct. 18, 1776 issue was redated by Paul Revere and reused. The Pine Tree cast cuts on the back of the Oct. 18, 1776 issue were also reused. The type on the back of the Oct. 18, 1776 issue was reset. Revere printed only the engraved faces and Thomas Fleet printed the backs. A presentation proof impression of the backs exists. Signers were Nathan Adams, Jonathan Brown, Richard Cranch, Thomas Dawes, John Greenough, and George Partridge.
2d [8,571]3d [8,571]
4d [8,571]
6d [8,571]
8d [8,571]
9d [8,571]
12d [8,571]
1s6d [8,571]
2s [8,571]
3s [8,571]
4s [8,571]
4s6d [8,571]
