Colonial and Continental currency--when did these notes no longer have exchange value

Discussion in 'Paper Money' started by Owle, Sep 2, 2012.

  1. Owle

    Owle Junior Member

    Colonial and Continental currency--when did these notes no longer have exchange value?

    Here is a note I have printed in the colony of Connecticut:

    http://i.imgur.com/vh79A.jpg http://i.imgur.com/zfyFj.jpg

    At what point did this note lose its value which was 20 shillings or around an English pound as I understand it with interest bearing features in some cases.

    Here is a note for $7 in Continental dollars printed a few years later: http://i.imgur.com/BHfsw.jpg

    Does anyone have a time scale as one American money system was replaced by the next money system, i.e. the one of the 1790s?
     
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  3. Eps

    Eps Coin hoarder/ lover

    No but nice, I just have the reproductions from 1976 my mom bought
     
  4. chip

    chip Novice collector

  5. Owle

    Owle Junior Member


    [TABLE="class: simpleblackborder greentable smallerfont notunderlined"]

    Connecticut Continental Shilling (CCTS)
    1776
    1783
    7
    Hyperinflation
    [/TABLE]
     
  6. Owle

    Owle Junior Member

    Whereas the "dollar" lasted years later:

    [TABLE="class: simpleblackborder greentable smallerfont notunderlined"]

    Connecticut Dollar (CCTD)
    1783
    1792
    9
    Creation of the USD
    [/TABLE]

    [TABLE="class: simpleblackborder greentable smallerfont notunderlined"]

    US Continental Dollar (USC)
    1775
    1792
    17
    Creation of the USD
    [/TABLE]
     
  7. Owle

    Owle Junior Member

    Good chart, but it jumps back and forth through nations' demonitization and back and forth with time periods.

    Another question: How easy was it through U.S. history to get silver for paper money and was this ended in 1933 for gold and 1964 for silver?
     
  8. scottishmoney

    scottishmoney Buh bye

    Paper was redeemable in gold until 1933, but was redeemable in silver coin until 64-65 and then in granules until 1968.
     
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