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A banknote for three pence, or 1/80 of a
Pennsylvania pound
, the currency of colonial
Pennsylvania
. Created as a response to the global economic downturn caused by the 1720 collapse of the
South Sea Company
, the currency was worth 25% less than
sterling
. It was discontinued in 1793 in favor of the
United States dollar
. This note was signed by
Thomas Wharton
and printed by
Benjamin Franklin
and
David Hall
.
Banknote: Benjamin Franklin and David Hall (printers); image courtesy of the
National Numismatic Collection
at the
National Museum of American History
(
Smithsonian Institution
)
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