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<p>[QUOTE="Conder101, post: 532753, member: 66"]Well we used a lot of Spanish and spanish colonies coinage, and whatever British coins we could get a hold of. Accounts were kept in pounds, shillings, and pence, but in our prerevolution years it was very difficult because the policy of Great Britain was to keep the colonies coin poor. They would not let us strike our own coins, and would not supply us with coinage. That way we could pretty much only do trade with GB.</p><p><br /></p><p>After the revolution the states did issue their own paper currency but the value was destroyed by runaway printing presses. Three of the states and one country (Vermont) issued their own copper coinage that pretty much passed as half pence. But around 1788 the maket value for coppers crashed because of too many lightweight coppers in circulation including light weight state coins and counterfeit British half pence (Made on both sides of the Atlantic. Great Britain had similar trouble as well. By 1788 close to 90% of the coins in circulation were counterfeit. Thus came about the British Provincial Token coinage of 1786 to 1800.).[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 532753, member: 66"]Well we used a lot of Spanish and spanish colonies coinage, and whatever British coins we could get a hold of. Accounts were kept in pounds, shillings, and pence, but in our prerevolution years it was very difficult because the policy of Great Britain was to keep the colonies coin poor. They would not let us strike our own coins, and would not supply us with coinage. That way we could pretty much only do trade with GB. After the revolution the states did issue their own paper currency but the value was destroyed by runaway printing presses. Three of the states and one country (Vermont) issued their own copper coinage that pretty much passed as half pence. But around 1788 the maket value for coppers crashed because of too many lightweight coppers in circulation including light weight state coins and counterfeit British half pence (Made on both sides of the Atlantic. Great Britain had similar trouble as well. By 1788 close to 90% of the coins in circulation were counterfeit. Thus came about the British Provincial Token coinage of 1786 to 1800.).[/QUOTE]
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