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Colonial and Continental currency--when did these notes no longer have exchange value
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<p>[QUOTE="Owle, post: 1524267, member: 22004"]Colonial and Continental currency--when did these notes no longer have exchange value?</p><p><br /></p><p>Here is a note I have printed in the colony of Connecticut:</p><p><br /></p><p><a href="http://i.imgur.com/vh79A.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://i.imgur.com/vh79A.jpg" rel="nofollow">http://i.imgur.com/vh79A.jpg</a> <a href="http://i.imgur.com/zfyFj.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://i.imgur.com/zfyFj.jpg" rel="nofollow">http://i.imgur.com/zfyFj.jpg</a></p><p><br /></p><p>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.</p><p><br /></p><p>Here is a note for $7 in Continental dollars printed a few years later: <a href="http://i.imgur.com/BHfsw.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://i.imgur.com/BHfsw.jpg" rel="nofollow">http://i.imgur.com/BHfsw.jpg</a></p><p><br /></p><p>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?[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1524267, member: 22004"]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: [url]http://i.imgur.com/vh79A.jpg[/url] [url]http://i.imgur.com/zfyFj.jpg[/url] 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: [url]http://i.imgur.com/BHfsw.jpg[/url] 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?[/QUOTE]
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