The pound was the currency of Rhode Island until 1793. Initially, sterling coin and foreign coins circulated, supplemented by local paper money from 1710.[1] These notes were denominated in £sd, but they were worth less than sterling, with 1 Rhode Island shilling = 9d sterling. The first issue of notes was known as the "Old Tenor" issue. This fell in value and "New Tenor" notes were introduced in 1740, worth four times the Old Tenor notes. Both Old and New Tenor notes were replaced in 1763 by "Lawful money" at a rate of 1 Lawful shilling = 6⅔ New Tenor shillings = 26⅔ old Tenor shills.
The state of Rhode Island issued Continental currency denominated in £sd and Spanish dollars, with 1 dollar = 6 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1,000 continental dollars = 1 U.S. dollar.
rhode, island, pound, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, janua. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Rhode Island pound news newspapers books scholar JSTOR January 2021 Learn how and when to remove this template message The pound was the currency of Rhode Island until 1793 Initially sterling coin and foreign coins circulated supplemented by local paper money from 1710 1 These notes were denominated in sd but they were worth less than sterling with 1 Rhode Island shilling 9d sterling The first issue of notes was known as the Old Tenor issue This fell in value and New Tenor notes were introduced in 1740 worth four times the Old Tenor notes Both Old and New Tenor notes were replaced in 1763 by Lawful money at a rate of 1 Lawful shilling 6 New Tenor shillings 26 old Tenor shills Early issue 2 Colonial currency from the Colony of Rhode Island dated August 15 1737The state of Rhode Island issued Continental currency denominated in sd and Spanish dollars with 1 dollar 6 shillings The continental currency was replaced by the U S dollar at a rate of 1 000 continental dollars 1 U S dollar References edit nbsp Money portalNotes edit Newman 2008 p 371 Bibliography edit Newman Eric P The Early Paper Money of America 5th edition Iola Wisconsin Krause Publications 2008 ISBN 0 89689 326 X nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte nbsp This Rhode Island related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Rhode Island pound amp oldid 1137118069, wikipedia, wiki, book, books, library,
