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<p>[QUOTE=&quot;Andy, post: 29997, member: 645&quot;]&quot;Consider the other side of the coin. The colonial governments were corporations. Therefore, corporations have the right to issue coins&quot;.</p><p><br /></p><p>Mike but were not the colonial governments, e.g Dutch West Indian Company, given a grant of permission or charter by&nbsp; nation states and therefore were the proxy of those national governments and backed by the military might of those nations.</p><p><br /></p><p>Example: Dutch West India Company, trading and colonizing company, chartered by the States-General of the Dutch republic in 1621 and organized in 1623. Through its agency New Netherland was founded.</p><p><br /></p><p>New Netherland, territory included in a commercial grant by the government of Holland to the Dutch West India Company in 1621. Colonists were settled along the Hudson River region; in 1624 the first permanent settlement was established at Fort Orange (now Albany, N.Y.). The principal settlement in the tract after 1625 was New Amsterdam (later New York City) at the southern end of Manhattan island,</p><p><br /></p><p>Which if the case, then the coins were supported by the military might and reliability of a recognized government and those companys were more of an extension of a nation state rather then a private entity.</p><p>By the way, I find this subject stimulating for all that it encompasses.[/QUOTE]</p><p><br /></p>

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