This is the second-to-last article taken from the cover feature in the November 2015 issue of Coin World Monthly:
Paul Revere, 1735 to 1818
After Franklin, the most famous printer of paper money was silversmith, engraver and patriot Paul Revere.
A member of the Sons of Liberty, Revere agitated for freedom, participated in the Boston Tea Party and served as an officer in the state militia.
“On the Eighteenth of April, in Seventy-Five,” poet Henry Wadsworth Longfellow wrote, Revere made his famous midnight ride “through every Middlesex village and farm, for the country-folk to be up and to arm.”
The ensuing skirmish set in motion a series of events that saw the patriot toiling over a printing press of his own construction the night of June 3, printing money badly needed to pay soldiers.
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Between the battles of Lexington and Concord and Bunker Hill, the Provisional Congress of Massachusetts raised an army and authorized the printing of £25,998 to pay it. The emission, known as soldiers’ notes, was the colony’s first currency in 25 years.
Revere, who worked for the Colony as a courier, was probably picked for the printing job because he had just finished printing related fiscal documents for the provisional Congress.
Badly in need of money, the government authorized the issuance of £100,000 in 6 percent government securities on May 3, 1775.