Tag Archives: Coins

History Undusted: The History of Money in the American Colonies

Today we’ve got a variety of ways to make financial transactions: Online payment, cheques (checks), cash (coins or bills), debit cards, giros (UK), credit cards, bitcoins, Twint, and probably a dozen other ways. But when did it all get started? Why are there ridges or texts on the edges of coins? What did people use before coins were widely spread enough to be a viable means of transaction? I’ve written about the history of shillings before, and ancient payments using hack silver, but the complications that arose across the Atlantic between the British crown and the colonies of America, before they won their independence, is as fascinating as any thriller. It’s a tale of laws passed to stranglehold the colonies into submission or to stop an artery bleed of silver across the ocean, and loopholes and nooks and crannies found to carry on with business anyway.

For a fascinating video on the topic by Jon Townsend, an 18th-century reenactor and specialist with a great YouTube channel, just click on the image below. Enjoy travelling back in time!

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Filed under History, History Undusted, Military History, Snapshots in History, YouTube Link