Colonists became increasingly dissatisfied with the barter system….

 

Happy Holidays from all of us to all of you.. May your time with friends and family, priceless.

If notes could talk, what would our first-in-history American currency say?

On this Thanksgiving Holiday, our thoughts return to the origins of this great nation and the currency that helped our nation grow and prosper.

 For some exciting information about Colonial Notes, read  on...

 Shortly after landing in the New World, colonists became increasingly dissatisfied with the barter system of trade between them, this new nation, and England. The colonists wanted and needed economic independence from Britain and sought to establish their own economic stability by printing paper money.

 Though in 1690 the Massachusetts Colony was the first to print paper money, each Colony eventually printed its own colonial notes to enhance a convenient exchange and pay off debt.

 While Spanish Dollars were popular as colonial coins (the origin of our “dollar” denotation for US money) currency was noted in British pounds, shillings and pence.  Importantly, Britain disallowed Colonial Currency as legal tender in 1764 which contributed to great discontent with Britain among colonists.

 In addition to individual colony issued Colonial Notes, as the Revolutionary War began in 1775, the Continental Congress circulated paper currency to help finance the war. This process was backed by a hoped for future tax income rather than real gold or silver. Unfortunately, these Continental notes depreciated rapidly partly due to expert British counterfeit operations designed to sabotage US war efforts.

 Following the war, states and private banks continued to issue their own currency. But, because of the problems with depreciation, inflation, value variances, and counterfeit, the US Constitution later denied individual states the right to make their own money.

Colonial notes are rare and extremely valuable. They were a significant part of our heritage as an independent and free nation. To hold one of these is to hold a vital part of our social, economic and political independence from Britain.


To see the note on our site click on this link:
http://www.treasuredstocks.com/currency/colonial-notes/connecticut/item/570-connecticut-1776-1-schillng-3-pence-colonial-note-pcgs-64-ppq-very-choice-new-fr-ct-204.html

Yours for a truly amazing year, 

Jeff Smith, President

Email us at
jeff@treasuredstocks.com

© Treasuredstocks.com, Inc., 2013

Published in Currency News

TreasuredStocks.com just purchase a major collection with over 2,500 peices of coins and currency from a dealer in New York. Most of the items have to be graded so over the next coming months we hope to add twenty to fifty items per week. Plus we also will be adding all the items that we purchase from auctions and clients.

Enjoy,

Jeff

 

 

Published in Site Updates

Colonial Notes

During colonial times here in the US, precious metals such as silver and gold  were in extremely short supply; there was notmint to produce coins. Thus the creation of Colonial Notes/ colonial currency among the 13 colonies. 

Colonial notes were printed in the thirteen colonies and are extremely sought-after and collectable by Numismatis world-wide.  The most popular way to collect colonial notes is by acquiring a note from each state, thus creating your very own colonial note collection. Click on this link for beautiful examples of notes from each colony.

Enjoy!


Jeff

http://www.treasuredstocks.com/currency.html

If you have any questions call Jeff @ 870-670-4255

Published in Currency News
Tuesday, 19 April 2011 22:48

Colonial Notes

Colonial Notes

Shortly after landing in the New World, colonists became increasingly dissatisfied with the barter system of trade between them and England. The colonists wanted and needed economic independence from Britain and sought to establish their own economic stability by printing paper money. Though in 1690 the Massachusetts Colony was the first to print paper money, each Colony eventually printed its own colonial notes to enhance a convenient exchange and pay off debt.

While Spanish Dollars were popular as colonial coins (the origin of our “dollar” denotation for US money) currency was noted in British pounds, shillings and pence.Importantly, Britain disallowed Colonial Currency as legal tender in 1764 which contributed to great discontent with Britain among colonists.In addition to individual colony issued Colonial Notes, as the Revolutionary War began in 1775, the Continental Congress circulated paper currency to help finance the war, backed by a hoped for future tax income rather than real gold or silver. These Continental Notes depreciated rapidly partly due to expert British counterfeit operations designed to sabotage US war efforts. Following the Revolutionary war, states and private banks continued to issue their own currency. But, because of the problems with depreciation, inflation, value variances, and counterfeit, the US Constitution later denied individual states the right to make their own money.

Colonial notes are rare and extremely valuable. They were a significant part of our heritage as an independent and free nation. To hold one of these is to hold a vital part of our social, economic and political independence from Britain.

 http://www.treasuredstocks.com/currency.html

If you have any questions call Jeff @ 870-670-4255

Published in Currency News

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