Virginia pound on:
[Wikipedia]
[Google]
[Amazon]
The pound was the currency of Virginia until 1793. Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money.Newman, 2008, p. 437. Although these notes were denominated in £sd, they were worth less than sterling, so 1 Virginia shilling was equal to 9d sterling
The pound was the currency of Virginia until 1793. Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money.Newman, 2008, p. 437. Although these notes were denominated in £sd, they were worth less than sterling, so 1 Virginia shilling was equal to 9d sterling
Colonial legislation
In 1645 the legislature of theColony of Virginia
The Colony of Virginia, chartered in 1606 and settled in 1607, was the first enduring English colonial empire, English colony in North America, following failed attempts at settlement on Newfoundland (island), Newfoundland by Sir Humphrey GilbertG ...
prohibited barter, and valued the Spanish dollar or piece of eight at 6/–. The 1655 legislature officially devalued the Spanish dollar to 5/-.
Virginia coinage
The first "official" coinage in British North America was issued by the Province of Virginia in 1775, although they were dated 1773. The reason was that the Virginia House of Burgesses had been requesting the coinage for several years and King George III finally consented in that year. Five tons of coins were sent to the colony on the clipper ship ''Virginia'' and most of the coins were distributed just before the breakout of the American Revolution in April 1775. They are considered to be the most affordable Colonial American coinage.Continental currency
The State of Virginia issuedContinental currency
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the ...
denominated in £sd and Spanish dollars, with 1 dollar = 6/–. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.
References
Notes
Bibliography
*Newman, Eric P. ''The Early Paper Money of America''. 5th edition. Iola, Wisconsin: Krause Publications, 2008. .Further reading
* Historical currencies of the United States 1793 disestablishments in the United States Pre-statehood history of Virginia Economy of Virginia {{Virginia-stub