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The pound was the currency of the Commonwe … The pound was the currency of the Commonwealth of Massachusetts and its colonial predecessors until 1793. The Massachusetts pound used the £sd currency system of 1 pound divided into 20 shillings, each of 12 pence. Initially, sterling coin and foreign currencies circulated in Massachusetts, supplemented by pine tree shilling produced by the "Hull Mint" between 1652 and 1682 and by local paper money from 1690. The paper money issued in colonial Massachusetts was denominated in £sd, although it was worth less than sterling. Initially, six shillings were equal to one Spanish dollar. After years of high inflation, in 1749 Massachusetts withdrew its paper money from circulation and returned to specie. Massachusetts once again began issuing paper money after the American Revolutionary War began in 1775. The state currency depreciated greatly and was replaced by the U.S. dollar in 1793.d was replaced by the U.S. dollar in 1793.
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The pound was the currency of the Commonwe … The pound was the currency of the Commonwealth of Massachusetts and its colonial predecessors until 1793. The Massachusetts pound used the £sd currency system of 1 pound divided into 20 shillings, each of 12 pence. Initially, sterling coin and foreign currencies circulated in Massachusetts, supplemented by pine tree shilling produced by the "Hull Mint" between 1652 and 1682 and by local paper money from 1690. Massachusetts once again began issuing paper money after the American Revolutionary War began in 1775. The state currency depreciated greatly and was replaced by the U.S. dollar in 1793.d was replaced by the U.S. dollar in 1793.
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Massachusetts pound
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