Table of Contents
What were colonial coins made of?
Supplies of silver and gold were quite scarce in the colonies and the only coining metal available from domestic mines in any reasonable amount was copper. In the initial enthusiasm of independence in 1776, several states made post-colonial copper coinage.
What was the most common coin in colonial America?
the Spanish dollar
The most common coin in circulation throughout the colonies was the Spanish dollar in the form of coins known as ocho reales (better known as“pieces of eight”) which came to the colonies through trade with the Spanish from their colonies in the West Indies and Mexico.
What coins were used in the American colonies?
During the Colonial Period, a variety of coins circulated, including British pounds, German thalers, Spanish milled dollars, and even some coins produced by the colonies. Spanish milled dollars became a favorite because of the consistency of the silver content throughout the years.
Why are there holes in colonial coins?
There are a few reasons for there to be a hole in a coin. It may have been purposely defaced. It may have been holed to be nailed on a wall or door to try and receive protection from the God or ruler that is shown on the coin. It may be used for decoration or a souvenir.
What is a plugged coin?
Coins with holes that have been repaired are called “plugged” and if a repair is done well, a “plugged” coin may be rather inoffensive and may make an otherwise unaffordable coin affordable.
What kind of coins did the colonies have?
Other colonial coins of note are the Lord Baltimore coins that circulated in Maryland from 1659 to around 1700, and the St. Patrick farthings and halfpennies that were struck for the colony of New Jersey after 1682. Colonial coins refer to all coins in circulation in the British American colonies before the U.S. Mint opened for business in 1792.
When did the US Mint start minting colonial coins?
Colonial coins refer to all coins in circulation in the British American colonies before the U.S. Mint opened for business in 1792. These include coins minted in the colonies of Connecticut, Massachusetts, and New Jersey, as well as Vermont, even though Vermont did not become a state until 1791. Navigation.
Who was the minter of the Virginia half penny?
In 1722, an Englishman named William Wood, who also produced coins for Ireland, issued brass half-penny, penny, and twopence “Rosa American” coins, with the permission of King George I, whose bust is featured on the obverse. Beginning in 1773, Virginia got official halfpennies, most of which were minted out of copper.