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Colonial Coins?

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DoubleEagle20's Avatar
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1750 Posts
 Posted 11/09/2014  12:34 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
Don't forget the 13 colonies depended heavily on Spanish colonial reales for commerce. Most loans and contracts were written in terms of Spanish milled "dollars", or in other words....reales. This was the case when we were colonies of Britain and up until 1857. US federal coinage was mainly used for governmental transactions and bank reserves in the early United States with the bust half being the main bank reserve coin.
In the 13 colonies, our "dime" was the 1 real, the "quarter" was the 2 reales, the "half" was the 4 reales and a "dollar" was the 8 reales.
It must have been amazing to watch commerce transact in Spanish and Mexican reales, US dollars, British pounds, etc. It all revolved around the silver and gold content of the coin, rather than country of origin or currency unit.
Edited by DoubleEagle20
11/09/2014 1:19 pm
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vermontensium's Avatar
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 Posted 11/09/2014  2:48 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Many Colonial collectors forget also about the Colonial South and France's Colonization there. This is a 1722 Nine Denier originally coined for use in France but were very unpopular there so many were sent to Louisiana and neighboring Southern States to be used in commerce there.

Colonial-Coins?Colonial-Coins?
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TypeCoin971793's Avatar
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 Posted 11/09/2014  5:27 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply

Quote:
Why buy an S-VDB when you can own a decent Fugio for less?


I deplore "key date" coins as they are over-inflated status symbols. I would rather buy the Benjamin Franklin-designed Fugio cent with a ton of Early American history than buying a highly-faked coin where the mintage figure is just a bit less than other issues of the same series.
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ExoGuy's Avatar
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 Posted 11/09/2014  11:07 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
I don't deplore the modern, key date coins, myself. That's how many a colonial collector began, methinks. I do wish that we see some modern day resurgence of design from the colonial and classic years. IMHO, kids today are generally lacking in a connection to the past, and circulating money, incorporating early design elements, might stimulate more interest in American history.
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Conder101's Avatar
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 Posted 11/10/2014  11:02 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
This is a 1722 Nine Denier originally coined for use in France but were very unpopular there so many were sent to Louisiana and neighboring Southern States to be used in commerce there.

Why would you strike a coin for use in France that says French Colonies on it?
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