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1777 Three Shillings PA Note

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kevro22's Avatar
United States
250 Posts
 Posted 11/15/2014  10:04 am Show Profile   Bookmark this topic Add kevro22 to your friends list Get a Link to this Message Number of Subscribers
Hi all, hoping to get some info on this note. The pics should speak for themselves but also if you hold this up to the light you can see a security thread that says PENNSYLVANIA. I don't normally collect currency or notes but picked this up in the 1980's for what couldn't have been more than $50 because I thought it was interesting, and it's been in storage ever since. Any thoughts to grade and value? Thanks in advance!

1777-Three-Shillings-PA-Note

1777-Three-Shillings-PA-Note
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amida17's Avatar
United States
4897 Posts
 Posted 11/15/2014  1:04 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
I like it! High VF maybe $50-$75.
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philadelphian's Avatar
United States
3253 Posts
 Posted 11/15/2014  2:37 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Very nice! This was the first issue of Pennsylvania's currency as a free Commonwealth, and as such, is the first to sport the new coat of arms (which are still in use), instead of the arms of King George III. Your note was signed by James Cannon, Professor of Mathematics at (what is now) the University of Pennsylvania. Here a biographical blurb on him from the you Penn Archives:

James Cannon, Professor of Mathematics at the College, was born in Edinburgh, Scotland, in 1740. In 1763, after completing his early education at the University of Edinburgh, Cannon came to Philadelphia to continue his studies. He received a Bachelor's degree from the College, graduating with the Class of 1767. Six years later, Cannon returned to the College to serve as a Professor of Mathematics.
Despite his professorial duties, Cannon took an active position on the patriot side when the Revolution broke out. According to the diary of Christopher Marshall, Cannon was the leading spirit in private meetings held to select candidates to be placed before the people in opposition to those representing more conservative sentiments. He was also very active in forming and organizing the American Manufactory, which was comprised of citizens of Philadelphia and manufactured woolen, linen and cotton fabrics. On July 15, 1776, Cannon became a member of the Constitutional Convention of Pennsylvania, where he was put in charge of drawing up the instructions to the delegates of Pennsylvania in Congress. The Convention made him a Justice of the Peace for Pennsylvania, and also enabled him to serve as a member of the Council of Safety from July 24, 1776 to December 4, 1777. Cannon is credited with being one of the two principal draughtsmen of the Constitution of 1776, and is the author of the Cassandra Letters, the publication of which further elevated him in the esteemof the patriots.
Cannon died on January 28, 1782 in Philadelphia, while still employed as a Professor of Mathematics at the College.
Edited by philadelphian
11/15/2014 2:38 pm
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kevro22's Avatar
United States
250 Posts
 Posted 11/15/2014  2:54 pm  Show Profile   Bookmark this reply Add kevro22 to your friends list Get a Link to this Reply
Wow thanks for the info! So the signature is an actual, and isn't printed on? I had assumed it was real but I try not to assume sometimes :)
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philadelphian's Avatar
United States
3253 Posts
 Posted 11/15/2014  3:17 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Continentals, and most colonial notes, after printing, were sent off in bundles of uncut sheets to prominent citizens for hand-signing, though it did little good as an anti-counterfeiting measure. Of course, though the honor might look good on a resume, the actual tedious process of signing hundreds, or thousands, of notes might not appeal to a busy politician or businessman. The task may have been delegated at times to a secretary or family member.
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philadelphian's Avatar
United States
3253 Posts
 Posted 11/15/2014  3:52 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Sorry; I've just been looking into the exploits of my fellow Philadelphian, Professor James Cannon. The Cassandra Letters were a series of revolutionary polemics (signed CASSANDRA) published in the Pennsylvania Ledger in 1776, debating the letters of Rev. William Smith (writing as CATO), who was the most vocal critic of the tract "Common-Sense," written of course by Cannon's friend and colleague Thomas Paine (pseudonym: The FORESTER). Cannon was revealed to be the true identity of Cassandra in a letter from John to Abigail Adams. Here's a sample of "Cassandra's" style:

My objections are radical, reaching to the root of the evil, and if a radical cure cannot be obtained in one way, it ought to be obtained in another. To skin over the wound would be madness. I therefore once more entreat you either to point out a complete remedy for these defects, and prove it more easily attainable than a compleat delivery by a Declaration of Independence; or to give no further opposition to the measure. He who cannot see a fair prospect of removing these defects, and yet wishes to see America return to a state of dependence, has something else in view than the liberties of his Country.

CASSANDRA

Edited by philadelphian
11/15/2014 3:54 pm
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jimbucks's Avatar
United States
4691 Posts
 Posted 11/15/2014  6:49 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Thanks for posting. I think these colonials are cool and affordable too!
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Joe2007's Avatar
United States
3843 Posts
 Posted 11/15/2014  7:44 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Neat! I'd say the value is somewhere in the $75-100 range. Colonials in my opinion are pretty inexpensive for their scarcity and historical significance. Maybe that will change in the future if more collectors for them enter the market.
Edited by Joe2007
11/15/2014 7:46 pm
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scopru's Avatar
United States
5029 Posts
 Posted 11/16/2014  12:51 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Nice...and great information given here...
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