October 1st, 1773 Pennsylvania 2 Shillings Colonial Currency Note - PCGS VF30 - 1773 Two Shillings Colonial Pennsylvania Note - PA-164

This listing is for the photographed 1773 2 Shillings Pennsylvania Colonial Currency Note. Dated October 1st, 1773. Issued "according to an Act of General Assembly of Pennsylvania passed in the Thirteenth Year of the Reign of his Majesty George the Third." Graded, sleeved, and authenticated by PCGS, Very Fine 30 (VF30) grade/condition. Reverse says the note was printed by Hall and Sellers, along with the phrase "to counterfeit is death" in an attempt to prevent the practice of counterfeiting these notes. Rare and amazing piece of history, still in excellent condition. PA-164.

The British Parliament passed Currency Acts in 1751, 1764, and 1773 to regulate colonial paper money. These colonial paper notes were denominated in pounds, shillings, and pence. The value of each denomination varied from colony to colony; a Massachusetts pound, for example, was not equivalent to a Pennsylvania Pound. All colonial pounds were of less value than the British pound sterling. After the establishment of more universal currency circulation practices under the Currency Acts of the mid- to late-18th century, colonial currency was more widely considered a "bill of credit", which was issued by the colonies to pay off their debts. Depending on each colony's financial situation, inflation was a common occurrence. Pennsylvania, however, was responsible in not issuing too much currency, offering an example of a successful government-managed monetary system. Pennsylvania's paper currency, secured by land, generally maintained its value against gold from 1723 until the revolution broke out in 1775.

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October 1st, 1773 Pennsylvania 2 Shillings Colonial Currency Note - PCGS VF30 - 1773 Two Shillings Colonial Pennsylvania Note - PA-164