Virginia pound

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The pound was the currency of Virginia until 1793. Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money.^[1] Although these notes were denominated in £sd, they were worth less than sterling, so 1 Virginia shilling was equal to 9d sterling.

Colonial legislation

In 1645 the legislature of the

piece of eight

at 6/–. The 1655 legislature officially devalued the Spanish dollar to 5/-.

Virginia coinage

The first "official" coinage in

King George III

finally consented in that year.

Five tons of coins were sent to the colony on the clipper ship Virginia and most of the coins were distributed just before the breakout of the American Revolution in April 1775. They are considered to be the most affordable Colonial American coinage. It was valued more than North Carolina, and New York pounds at the time.^[2]

Continental currency

The State of Virginia issued

U.S. dollar

at a rate of 1000 continental dollars = 1 U.S. dollar.

References

Notes

^ Newman, 2008, p. 437.
^ Manufacturers and Farmers Journal. Manufacturers and Farmers Journal.

Bibliography

Newman, Eric P. The Early Paper Money of America. 5th edition. Iola, Wisconsin: Krause Publications, 2008.
ISBN 0-89689-326-X
.

v t e Currency units named pound, lira, or similar
Circulating	Egyptian pound Lebanese pound Pound sterling Alderney pound Falkland Islands pound Gibraltar pound Guernsey pound Jersey pound Manx pound Saint Helena pound South Sudanese pound Sudanese pound Syrian pound Turkish lira Ukrainian hryvnia
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Historical antecedents (mass)	Roman pound (libra) Moneyer's pound (England) Grzywna (Grivna)
See also	Pound sign (£) Dinar Pound (mass) (℔) Roman currency Carolingian monetary system £sd

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