was the penny the first form of american curency?

Question

I know we have dollars and gold, and such but was the penny or "cent" the first offical form or "American curency"?

Answer 1

uh... no... ur dumb

Answer 2

Yes and no. Technically, currency refers to paper money. Cents are coinage.

Prior to 1776, various foreign and colonial denominations of coinage and currency were used. After the US became a nation, a number of states produced their own coinage. The US Mint was authorized by Congress and signed into law by Washington in 1792, and in 1793, the first official US coinage was produced, large copper cents. Dollars, half dollars and half dimes began production a year later. The first US gold coins, $5 and $10, came in 1795, and in 1796, came the first dimes and quarters.

Answer 3

The first coins issued by authority of the United States were the Fugio Cents. These were dated 1787 and had the value of one cent, were made of copper and were much larger than modern cents.

The first US Mint issues were silver centered cents of 1792, with a small silver plug in the center of the copper coin intended to bring the value of the coin up to one cent. The US mint also made the all-copper Birch Cent, the Half Disme (later changed to Dime) and the Disme, as well as pattern pieces of the Quarter Dollar in 1792.

Answer 4

it's not the penny, some people consider the "wampum" to be the first form of currency used in the colonies.
about paper money: Massachusetts Bay Colony was the first colony to print paper money in 1690.
the penny began being used in 1793

Answer 5

no! before ben franklin established the currency and printed the first money americans traded. the first real currency was whiskey, which is why after the revolution ##$## hamilton suggested to washington they tax it to pay the french our war debt.