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Picture of the day

Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. During the American Revolution, the Colonies became independent states. No longer subject to arbitrarily imposed monetary regulations by the British Parliament, the States began to issue paper money, to pay for military expenses.

This two shillings banknote was issued by the Colony of New-York and is dated 2 August 1775; it is part of the National Numismatic Collection at the Smithsonian Institution.

Banknote design credit: Colony of New York and H. Gaine (printer); photographed by Andrew Shiva