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One by one, colonies began to issue their own paper money to serve as a convenient medium of exchange. On December 10, 1690, [4] the Province of Massachusetts Bay created "the first authorized paper money issued by any government in the Western World". [5] This paper money was issued to pay for a military expedition during King William's War ...
The history of money is the development over time of systems for the exchange of goods and services. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter. Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
Notes of the Bank of Singapore, Michigan. Wildcat banking was the issuance of paper currency in the United States by poorly capitalized state-chartered banks.These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system.
The origin of £/, s, and d were the Latin terms Libra, meaning a pound weight (with the £ sign developing as an elaborate L), solidus (pl. solidi), 20 of which made up one Libra, and denarius (pl. denarii), 240 of which made up one Libra with 12 being equal to one solidus. These terms and divisions of currency were in use from the 7th century.
Not every old coin is worth something, but many from the 1800s sure are. Some coins from this period are worth thousands or tens of thousands of dollars -- perhaps even more. A lot of this value ...
Old money is "the inherited wealth of established upper-class families (i.e. gentry, patriciate)" or "a person, family, or lineage possessing inherited wealth". [1] It is a social class of the rich who have been able to maintain their wealth over multiple generations, often referring to perceived members of the de facto aristocracy in societies that historically lack an officially established ...
The obverse features the crown's name followed by "D G HISPAN ET IND REX", meaning, "By the Grace of God, King of Spain and the Indies." The assayer's mark is on the left and the denomination on the right of a large Spanish shield which is adorned with a royal crown atop. Various florets, rosettes, stops, and other features are used to separate ...
This article originally appeared on GOBankingRates.com: 6 Pennies From the 1800s Worth a Lot of Money. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.