This article is about the colonial currency. For the actress, see Virginia Pound. For the river in Virginia, see Pound River. For the town in Virginia, see Pound, Virginia.
The pound was the currency of Virginia until 1793. Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money.[1] Although these notes were denominated in £sd, they were worth less than sterling, so 1 Virginia shilling was equal to 9d sterling.
In 1645 the legislature of the Colony of Virginia prohibited barter, and valued the Spanish dollar or piece of eight at 6/–. The 1655 legislature officially devalued the Spanish dollar to 5/-.
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. It was valued more than North Carolina, and New York pounds at the time.[2]
Continental currencyedit
The State of Virginia issued Continental currency 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.
virginia, pound, this, article, about, colonial, currency, actress, virginia, pound, river, virginia, pound, river, town, virginia, pound, virginia, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citati. This article is about the colonial currency For the actress see Virginia Pound For the river in Virginia see Pound River For the town in Virginia see Pound Virginia 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 Virginia pound news newspapers books scholar JSTOR February 2017 Learn how and when to remove this template message The pound was the currency of Virginia until 1793 Initially sterling coin circulated along with foreign currencies supplemented from 1755 by local paper money 1 Although these notes were denominated in sd they were worth less than sterling so 1 Virginia shilling was equal to 9d sterling A 3 Colonial banknote from the Colony of Virginia Signed by Peyton Randolph and John Blair Jr A 1776 banknote issued by Virginia worth seven shillings and six pence Contents 1 Colonial legislation 2 Virginia coinage 3 Continental currency 4 References 4 1 Notes 4 2 Bibliography 5 Further readingColonial legislation editIn 1645 the legislature of the Colony of Virginia 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 editThe 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 It was valued more than North Carolina and New York pounds at the time 2 Continental currency editThe State of Virginia issued Continental currency 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 editNotes edit Newman 2008 p 437 Manufacturers and Farmers Journal Manufacturers and Farmers Journal Bibliography edit Newman Eric P The Early Paper Money of America 5th edition Iola Wisconsin Krause Publications 2008 ISBN 0 89689 326 X Further reading editNewman E 1985 Colonial Coins of Virginia Sanford J Durst ISBN 978 0 942666 50 2 nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte nbsp This Virginia related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Virginia pound amp oldid 1203155741, wikipedia, wiki, book, books, library,
