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coinhead1

3 February 1690

Paper Currency Comes to America

Until 1690, the North American colonies had dealt primarily in coinage. Silver and gold were rather rare, so colonists generally used unofficial coins, or “decrepit coppers.” Boston-based silversmiths John Hull and Robert Sanderson did operate their own mint between 1652 and 1682, issuing silver shillings and three and sixpence pieces, but save for a few ill-fated experiments, paper money was hardly tried or used. However, on February 3, 1690, Massachusetts took what would later prove to be a crucial step in the establishment of a stable American economy and authorized the first official paper currency to be ever used in the Western Hemisphere.

mdwoods

CH1, do you know if any examples are in existence? mdwoods

coinhead1

<< <i>CH1, do you know if any examples are in existence? mdwoods >>



Woodie, some it would seem.




Other early notes.

nwcs

You know, the early notes were charming in their own way. The history of how they have come about is a fascinating one to be sure.

banknote1

Nice notes! This post should have been on the Currency board...

TRADERBOBZ

I agree with banknote,As to which forum this should be posted, but it was interesting,Did you also know,They made some early examples in world countries as emergency money on blocks of wood.

littlewicher

I like the "To Counterfeit is Death." It's quite charming really.