| dbp:data
|
- England’s currency was being forged at an alarming rate. The smaller bills were even being forged by people with little skill. They made this a crime punishable by death, but this did nothing to stop the forgery. England had the Royal Society create several reports on the problems, starting about 1818. They looked worldwide at currencies and really liked the American inventor Jacob Perkins’ bills for Massachusetts. The new USA «National Bank» chose Perkins plates to print the new national currency in the USA. In England, Charles Heath even gave a speech about him to the Royal Society. Jacob Perkins not only invented soft steel plates that could be hardened after being engraved, he also invented a roller which would apply higher pressure, and 64 piece plates . An expensive lathe technique was employed to make complicated designs for currencies . Charles Heath wrote letters asking Jacob Perkins to come to England, as England was offering a £20,000 prize for creating forgery proof notes. Jacob Perkins was paid or loaned £5,000 and went to England with his machines, plates and associates and set up shop confident he would win the award, leaving his brother in charge of his Boston shop. He made presentations, and engraved sample notes. He worked in London for months, until it became clear they were not going to award the contract for national currency to a foreigner. The reports themselves mention Jacob Perkins currency or techniques more than anyone else, and in the end they applied some of his techniques, but did not employ him . England was currently using copper plates for their currency, and was using 1,500 engraved plates a year. One of the findings of the early reports was that Jacob’s steel plates would cost the Bank half as much to produce bills of much higher quality. They had underestimated the number of impressions from the plates, and the true cost would be less than 1/10 the cost because of the long life of his steel plates. (en)
|
