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2 answers

Schillings were German. The US had pennies and numerous different coins made by some cities themselves.

The US had some "English Pence" issued for the English areas of early America.
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2007-03-06 07:13:26 · answer #1 · answered by Kitty 6 · 0 0

There wre a lot of different coins floating around, the main ones being Spanish coins minted in the Americas, especially from the Mexico City mint.They were in Reales, the 8 real coin being the largest. It was cut into 8ths for small change. That is where we got the terms 2 bits and 4 bits. There were more Spanish coins here than English. Of course there were others such as some gold coins of Brazil or Portugal called I think Joes. There were a few Virginia half pennies as well as Wood's Hibernia coins floating around. Each state had there own system of just how much a coin was worth and they were not the same from state to state or area to area. It was actually a mess back then and more time was used figuring out the money than it to to buy something. As for shillings from England they were used, but as to their value of what they bought, I know longer remember. This is actually a vast subject and More than one book has been written on the subject of the economy in Colonial times as well as early America. The Spanish piece of 8 was the main stay and our coins were made like them but using a decimal system not a system of 8. The silver dollar was our version of the piece of 8.

2007-03-06 12:16:17 · answer #2 · answered by Taiping 7 · 1 0

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