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The Continental Currency dollar was valued relative to the states' currencies at the following rates: 5 shillings – Georgia 6 shillings – Connecticut , Massachusetts , New Hampshire , Rhode Island , Virginia
Apr 20, 2021 · Colonial American currency was a work in progress from the time of the earliest English settlements of the 1600s until the United States of America minted its own money in 1783.
- Joshua J. Mark
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In this colonial era-bank note, Robert Carter Nicholas, as treasurer of the Colony and Dominion of Virginia, promises to pay the bearer of the note three pounds on demand, anytime before December 10, 1775. Nicholas served as the colonys treasurer from 1766 to 1775.
- 2022-05-30
- Colonial Currency
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Aug 22, 2018 · Colonial Virginia's paper money was not a fiat currency, but a barter asset, with just enough transaction premium to make it the preferred medium of exchange for local transactions. It functioned like a zero-coupon bond and traded below face value due to time-discounting, not depreciation.
- Farley Grubb
- 2018
Nov 30, 2022 · Continental Currency was issued from 1775 to 1779, denominated in dollars, and payable in Spanish Milled Dollars (Pieces of Eight). Eleven issues were authorized by the Continental Congress, as indicated by the different dates on the notes.
A three-pound currency bill dated March 4, 1773, bears the signatures of John Blair Jr., a future justice of the first U.S. Supreme Court, and Peyton Randolph, a Virginia politician then serving as the Speaker of the House of Burgesses.
Feb 27, 2017 · Throughout the seventeenth century, colonists further south in Virginia and North Carolina employed tobacco leaves as commodity money.
