The Story of Money: 10--Colonies Issue Own Paper Money

Section 10: Early American money Previous | Next | Section Index
Soon all thirteen colonies issued their own paper money
The coin shortage stimulated the use of paper money. Colonists had used paper money in their homelands, and it allowed the colonial governments to finance their operations and ease the coin shortage. Some of the notes displayed here were issued prior to July 4, 1776. But independence did not end the coin shortage or the need to finance government operations, so the printing presses rolled on.
Georgia paper money certificate
Georgia certificate, 1776
One Spanish millled dollar
New Hampshire paper money bill of credit
New Hampshire bill of credit, 1780
20 Spanish milled dollars
South Caroloina paper money bill of credit
South Carolina bill of credit,
October 19, 1776

Two Spanish milled dollars
New York "water works" paper money note
New York “water works” note, 1775
Eight shillings
North Carolina bill of credit
North Carolina bill of credit, 1778
Five Spanish milled dollars
Virginia Treasury bill
Virginia Treasury bill, 1780
400 Spanish milled dollars
Maryland bill
Maryland bill, 1774
Six dollars
New Jersey bill of credit
New Jersey bill of credit,
March 25, 1776

Three pounds
Pennsylvania loan office paper money bill
Pennsylvania loan office bill, 1773
Ten shillings
Massachusetts "sword of hand" note
Massachusetts “sword in hand” note, 1775
Five shillings
Connecticut Treasury note
Connecticut Treasury note,
June 7, 1776

One shilling
Delaware bill of credit
Delaware bill of credit,
January 1, 1776

20 shillings
Rhode Island bill of credit
Rhode Island bill of credit, 1786
30 shillings
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