Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Circulating British Silver In The American Colonies

To participate in the forum you must log in or register.
Author Previous TopicReplies: 7 / Views: 1,410Next Topic  
Pillar of the Community
Learn More...
Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 12/15/2017  2:07 pm Show Profile   Bookmark this topic Add Paul Bulgerin to your friends list Get a Link to this Message Number of Subscribers
I enjoy watching metal detecting videos, especially by those who live out east in the U.S. They dig up a lot of British colonial coppers and some Spanish silver. However, I don't recall many, if any, British silver coins being discovered by detectorists.

My question is, did British silver coins circulate freely in the colonies, or was it mostly British copper and Spanish silver?

Thanks for any light folks can shed on this.
Paul Bulgerin
Pillar of the Community
thq's Avatar
United States
3343 Posts
 Posted 12/15/2017  10:44 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Very doubtful, because exportation of British silver to the colonies was prohibited.

https://coins.nd.edu/ColCurrency/Cu...roValue.html
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Pillar of the Community
Learn More...
Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 12/15/2017  11:05 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
Thanks! I didn't know that.
Paul Bulgerin
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 12/16/2017  08:40 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
And what little British silver did make it to the colonies typically came right back to Britain in payment for imported goods.
Pillar of the Community
Coopertron5000's Avatar
United Kingdom
516 Posts
 Posted 12/16/2017  6:04 pm  Show Profile   Bookmark this reply Add Coopertron5000 to your friends list Get a Link to this Reply
Thanks for the link, thq - very informative. Must of been a fascinating time for checking your pocket change with the wide variety of coins in circulation.
Pillar of the Community
thq's Avatar
United States
3343 Posts
 Posted 12/16/2017  8:09 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Old silver spoons interest me almost as much as coins. It is interesting to compare the heavyweight English 18th century spoons to the lightweight American versions. The American designs are also behind the English by about 50 years. They do not have royal hallmarks to certify them as sterling, as they were made by remelting coins and old silverware of dubious purity. This practice continued into the mid 19th century, with non-sterling silverware stamped COIN.

As noted in the link I posted, American colonial silver coins are also quite lightweight compared to English. Massachusetts shillings weigh 22% less than English. If I remember correctly, the objective was to keep the colonial coinage within the colonies.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
12/16/2017 8:10 pm
Pillar of the Community
Learn More...
BStrauss3's Avatar
United States
4588 Posts
 Posted 12/16/2017  8:18 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Look for the Coinage Act of 1806 - I posted an excerpt for a different question this morning. In it, there is explicit wording about the acceptance of British Gold and Silver that was different than other countries that used different standards.

There were little books published for merchants before 1853 which gave conversions for the coins of dozens of countries!
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 12/16/2017  9:22 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Much the same experience in Australia,
time scale a little later.

All coins were in short supply, because ships' captains demanded payment in silver for goods landed in the Australian Colonies.
As a result,
Australian colonial coinage was a hodge podge with silver coins from all over the World in short supply, but with a higher proportion of Spanish and Empire coins. The famous 'Holey Dollar' of 1813 (first coin made in Australia), was struck from a shipment of Spanish Dollars.

The situation radically and permanently changed after 1825, when a large shipment of freshly minted silver coin from The Royal Mint was landed in Sydney.
After that, British homeland coinage became fully established as the circulating currency.

Australia's first gold coinage was the Adelaide Pound struck in 1852. For legal reasons, the experiment was a failure. Almost all were recalled and melted.
Thus, surviving coins are rare, and very valuable.
After the discovery of gold, a branch of The Royal Mint was established in Sydney in 1855. The building still stands.
  Previous TopicReplies: 7 / Views: 1,410Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.38 seconds to rattle this change. Forums