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  1. Counterfeiting of paper money in North America dates back to the very first emissions. The only Massachusetts 1690 bills that survive today are raised bills; genuine bills on which the denomination was altered, or raised, to a higher denomination. Counterfeits were a problem in all of the 13 colonies from the beginning. Free money was the motivation for the counterfeiters was, for the first 85 years. That all changed in 1775 when the British placed counterfeit May 10, 1775 $30 Continental bills into circulation. These very rare counterfeit bills represent the first tactical use of