The pound was the currency of Connecticut until 1793. Initially, sterling coin circulated along with foreign currencies. This was supplemented by local paper money from 1709. Although the local currency was denominated in £sd, it was worth less than sterling, with 1 Connecticut shilling = 9 pence sterling. This rated the Spanish dollar at 6 Connecticut shillings (compared to 4 shillings 6 pence sterling). The first issue of notes is known as the "Old Tenor" issue.
A 40 shilling note, dated 1775
Due to over issue, the value of the Old Tenor notes fell relative to silver coins. In 1740, a second series of paper money was introduced, known as the "New Tenor" issue. These were worth 3½ times as much as the same denomination of Old Tenor notes. A further issue of 1755, known as "Lawful Money", replaced the Old and New Tenor issues at the rates of 1 Lawful Money shilling = 2.1 New Tenor shillings = 7.33 Old Tenor shillings.
The State of Connecticut issued Continental currency denominated in both £sd and Spanish dollars, with 1 Spanish dollar = 6 shillings. The Continental currency was replaced by the U.S. dollar at the rate of 1000 Continental dollars = 1 U.S. dollar.
connecticut, pound, this, article, includes, list, references, related, reading, external, links, sources, remain, unclear, because, lacks, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, january, 2018, learn, wh. This article includes a list of references related reading or external links but its sources remain unclear because it lacks inline citations Please help improve this article by introducing more precise citations January 2018 Learn how and when to remove this template message The pound was the currency of Connecticut until 1793 Initially sterling coin circulated along with foreign currencies This was supplemented by local paper money from 1709 Although the local currency was denominated in sd it was worth less than sterling with 1 Connecticut shilling 9 pence sterling This rated the Spanish dollar at 6 Connecticut shillings compared to 4 shillings 6 pence sterling The first issue of notes is known as the Old Tenor issue A 40 shilling note dated 1775 Due to over issue the value of the Old Tenor notes fell relative to silver coins In 1740 a second series of paper money was introduced known as the New Tenor issue These were worth 3 times as much as the same denomination of Old Tenor notes A further issue of 1755 known as Lawful Money replaced the Old and New Tenor issues at the rates of 1 Lawful Money shilling 2 1 New Tenor shillings 7 33 Old Tenor shillings The State of Connecticut issued Continental currency denominated in both sd and Spanish dollars with 1 Spanish dollar 6 shillings The Continental currency was replaced by the U S dollar at the rate of 1000 Continental dollars 1 U S dollar External links edit nbsp Money portal Connecticut colonial money in the collection of the American Numismatic Society Connecticut shilling on world Banknotes catalog Louis Jordan Colonial Currency University of Notre Dame nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte nbsp This Connecticut related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Connecticut pound amp oldid 1192037833, wikipedia, wiki, book, books, library,
