• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceCurrency

Benjamin Franklin launched America’s fight against counterfeit money with colored threads, watermarks and images of leaves, new study shows

By
David Hamilton
David Hamilton
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
David Hamilton
David Hamilton
and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 18, 2023, 6:19 AM ET
In this image provided by Proceedings of the National Academy of Sciences, blue threads can be seen in a six shillings Delaware note printed by J. Adams on January 1, 1776.
In this image provided by Proceedings of the National Academy of Sciences, blue threads can be seen in a six shillings Delaware note printed by J. Adams on January 1, 1776. Proceedings of the National Academy of Sciences via AP

Benjamin Franklin was so busy as an inventor, publisher, scientist, diplomat and U.S. founding father that it’s easy to lose track of his accomplishments.

Recommended Video

So add one more to the roster: his early work in printing colonial paper currency designed to counter a constant threat of counterfeiting.

Franklin was an early innovator of printing techniques that used colored threads, watermarks and imprints of natural objects such as leaves to make it far harder for others to create knockoffs of his paper bills. A team at the University of Notre Dame has shed new light on his methods using advanced scanning techniques that reveal some of Franklin’s methods in greater detail — along the way, also providing one more reason Franklin appears on the $100 bill.

The new research, published Monday in the Proceedings of the National Academy of Sciences, describes data gathered with techniques such as spectroscopy and fluorescence tests, which use light to identify elements such as carbon, calcium and potassium in test samples. Researchers also used electron microscopes for imaging fine details.

The intent, said lead author Khachatur Manukyan, a Notre Dame associate professor of physics, was to learn more about the materials used by Franklin and his network of affiliated printers and how they served to distinguish their bills from cheaper copies.

“The goal was to decode what type of material they used,” Manukyan said in an interview. “And then we found some very interesting differences between this money and other printers.”

The researchers examined Franklin’s penchant for including watermarks, tiny indigo-dyed threads and “fillers” of special crystal in printed bills to create barriers to copycats. The paper also highlights Franklin’s use of “nature printing,” a technique by which he transferred the detailed vein patterns of tree leaves to printing plates.

These techniques raised numerous barriers to would-be copycats. Counterfeiters naturally sought to keep their costs low, and thus were often slow to invest in improving their own printing techniques. Franklin’s fillers served to make bills hardier and thus extend their life over the cheaper paper preferred by criminals, while his dyed threads added another production barrier.

Similarly, Franklin’s nature-printed images produced fine details that were particularly difficult for less skilled printers to duplicate.

The Notre Dame team also learned that Franklin developed his own graphite-based ink at a time when competing printers were mostly using inks derived from “boneblack,” a charcoal-like substance produced by heating animal bones to high temperatures in a kiln that limited the flow of oxygen. The significance of Franklin’s graphite-based ink isn’t clear and needs further study.

Later, though, the Revolutionary War brought on such a surge of counterfeiting — much of it, apparently, courtesy of the British Army — that the subsequent U.S. government shunned paper bills for decades in favor of coinage. It didn’t reconsider until the onset of the Civil War in 1861, when the federal government first authorized the printing of dollar bills called “greenbacks.”

Among the features in those U.S. banknotes were, of course, colored threads. These remain in use today, albeit in a more modern form. Today’s U.S. currency, for instance, features an embedded “security thread” in bills denominated $5 or more, although it’s now a thin vertical band that fluoresces under ultraviolet light.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By David Hamilton
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Pope Leo XIV encourages wealthy U.S. Catholics to keep donating after Papal Foundation approves most grants in its history
PoliticsPope
Pope Leo XIV encourages wealthy U.S. Catholics to keep donating after Papal Foundation approves most grants in its history
By Nicole Winfield and The Associated PressMay 2, 2026
36 minutes ago
Berkshire’s cash pile hits $397.4 billion as profit more than doubles, but annual meeting attendance falls sharply without Warren Buffett as CEO
InvestingBerkshire Hathaway
Berkshire’s cash pile hits $397.4 billion as profit more than doubles, but annual meeting attendance falls sharply without Warren Buffett as CEO
By Josh Funk and The Associated PressMay 2, 2026
51 minutes ago
Spirit Airlines is ending operations immediately and going out of business after 34 years, with refunds to come but no customer service
EconomyAirline industry
Spirit Airlines is ending operations immediately and going out of business after 34 years, with refunds to come but no customer service
By Aamer Madhani, Rio Yamat and The Associated PressMay 2, 2026
1 hour ago
old
Commentaryaffordability
The American household just took an 81% margin cut. Wall Street hasn’t priced it in
By Katica RoyMay 2, 2026
3 hours ago
dario
CommentaryAnthropic
Anthropic’s most powerful AI model just exposed a crisis in corporate governance. Here’s the framework every CEO needs.
By Jeffrey Sonnenfeld, Stephen Henriques, Dan Kent and Holden LeeMay 2, 2026
3 hours ago
A group of people wait by a gap pump with their motorcycles.
EnergyOil
One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC
By Sasha RogelbergMay 2, 2026
5 hours ago

Most Popular

Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
1 day ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
2 days ago
The U.S. economy is booming — just not where 50 million Americans live
Commentary
The U.S. economy is booming — just not where 50 million Americans live
By Derek KilmerMay 1, 2026
1 day ago
Current price of oil as of May 1, 2026
Personal Finance
Current price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
1 day ago
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
Law
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
By Catherina GioinoMay 1, 2026
21 hours ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.