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i need some help, does anyone know wat kinda money was used in the 1600s by the english??

2007-10-12 04:16:20 · 5 answers · asked by :ME: 2 in Arts & Humanities History

5 answers

Bartering and wampum were first, but foreign money soon took over. Massachusetts started minting silver coins. Please read.

2007-10-12 04:46:03 · answer #1 · answered by staisil 7 · 0 1

The Salem Witch Trials occurred in 1692. Denominations of coinage at that time ranged from the farthing (worth 1/4 of an English penny) to the gold guinea (worth 252 English pennies).

Information on all of these denominations with their values relative to each other can be found here: http://www.coins.nd.edu/ColCoin/ColCoinIntros/BritishDenominations1.html

There were some major changes to English currency being debated and legislated at that time, but these were all related to the metal content of the coins, rather than what those coins were called. If you are interested in more information on this topic, you can find it on the coin site at the University of Notre Dame: http://www.coins.nd.edu/ColCoin/ (especially in the section on British coinage).

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2007-10-12 12:31:25 · answer #2 · answered by Anonymous · 0 0

In the 1600's the english currency was Pounds Shillings and Pence just as it was until the 1970's. This is written as £/s/d ('d' standing for 'denarius' a throwback to Roman times, but meaning pence in this context).

Contrary to a previous answer a 'Soveriegn' was NOT the currency just a name for a certain amount of Pence just as Guinea, Farthing, Shilling and Pound were and just as Nickel, Dime and Quarter are in the US.

2007-10-13 22:34:37 · answer #3 · answered by Anonymous · 0 0

"wat" and "kinda" isn't EVEN English you cretin.

However the Soverign was the coin of the realm then.
Most coinage was still British currency because the colonists lacked large amounts of precious metals to mint volumes of coins.

2007-10-12 12:41:07 · answer #4 · answered by Quasimodo 7 · 0 2

I don't believe there was any 'money' but rather a barter system.

2007-10-12 11:37:58 · answer #5 · answered by Empress Jan 5 · 0 2

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