The pound was the currency of South Carolina until 1793. Initially, sterling coin circulated, supplemented from 1703 by local paper money.[1] Although these notes were denominated in £sd, they were worth less than sterling, with 1 South Carolina shilling = 8d sterling. The first issues were known as "Proclamation Money". They were replaced by the "Lawful Money" issue in 1748, with 1 Lawful shilling = 4⅔ Proclamation shillings.
The State of South Carolina issued Continental currency denominated in £sd and Spanish dollars with 1 dollar = 32+1⁄2 shillings (8 dollars = 13 pounds). The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar. (See hyperinflation.)
south, carolina, pound, pound, currency, south, carolina, until, 1793, initially, sterling, coin, circulated, supplemented, from, 1703, local, paper, money, although, these, notes, were, denominated, they, were, worth, less, than, sterling, with, south, caroli. The pound was the currency of South Carolina until 1793 Initially sterling coin circulated supplemented from 1703 by local paper money 1 Although these notes were denominated in sd they were worth less than sterling with 1 South Carolina shilling 8d sterling The first issues were known as Proclamation Money They were replaced by the Lawful Money issue in 1748 with 1 Lawful shilling 4 Proclamation shillings South Carolina poundSouth Carolina pound10 Colonial currency from South Carolina April 10 1778 DenominationsDemographicsUser s South CarolinaThis 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 South Carolina pound news newspapers books scholar JSTOR August 2016 Learn how and when to remove this template message The State of South Carolina issued Continental currency denominated in sd and Spanish dollars with 1 dollar 32 1 2 shillings 8 dollars 13 pounds The continental currency was replaced by the U S dollar at a rate of 1000 continental dollars 1 U S dollar See hyperinflation References Edit Money portalNotes Edit Newman 2008 p 405 Bibliography Edit Newman Eric P The Early Paper Money of America 5th edition Iola Wisconsin Krause Publications 2008 ISBN 0 89689 326 X This article about a unit of currency is a stub You can help Wikipedia by expanding it vte This South Carolina related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title South Carolina pound amp oldid 1137116910, wikipedia, wiki, book, books, library,
