Connecticut pound


Connecticut pound
Detail of reverse of a 1776 Connecticut 1s. note

The pound was the currency of Connecticut until 1793. Initially, the British pound circulated along with foreign currencies. This was supplemented by local paper money from 1709. Although the local currency was denominated in pounds, shillings and pence, it was worth less than sterling, with 1 Connecticut shilling = 9 pence sterling. This rated the Spanish dollar at 6 Connecticut shillings (compared to 4 shillings 6 pence sterling). The first issue of notes is known as the "Old Tenor" issue.

Due to over issue, the value of the Old Tenor notes fell relative to silver coins. In 1740, a second series of paper money was introduced, known as the "New Tenor" issue. These were worth 3½ times as much as the same denomination of Old Tenor notes. A further issue of 1755, known as "Lawful Money", replaced the Old and New Tenor issues at the rates of 1 Lawful Money shilling = 2.1 New Tenor shillings = 7.33 Old Tenor shillings.

The State of Connecticut issued Continental currency denominated in both £sd and Spanish dollars, with 1 Spanish dollar = 6 shillings. The Continental currency was replaced by the U.S. dollar at the rate of 1000 Continental dollars = 1 U.S. dollar.

External links

Louis Jordan. Colonial Currency. University of Notre Dame.



Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Pound (currency) — The pound, a unit of currency, originated in England as the value of a pound mass of silver. [ [http://www.etymonline.com/index.php?term=pound Online Etymology Dictionary] ] For a long time, £1 worth of silver coins were a troy pound in… …   Wikipedia

  • Pound sterling — GBP redirects here. For other uses, see GBP (disambiguation). Pound sterling Peuns sterling (Cornish) Punt steirling (Irish) Punt Sostynagh …   Wikipedia

  • Pound Ridge, New York — Infobox Settlement official name = Pound Ridge, New York settlement type = Town nickname = motto = imagesize = image caption = image |pushpin pushpin label position = pushpin map caption =Location within the state of New York pushpin mapsize =… …   Wikipedia

  • Connecticut Route 137 — Route 137 Route information Maintained by ConnDOT Length: 9.33 mi …   Wikipedia

  • Connecticut Route 124 — Route 124 Route information Maintaine …   Wikipedia

  • Connecticut Route 104 — Route 104 Route information Maintaine …   Wikipedia

  • Connecticut Colony — Colony of Connecticut British colony 1636–1776 …   Wikipedia

  • Connecticut Huskies men's basketball — This article is about the Connecticut Huskies men s basketball team. For the women s team, see Connecticut Huskies women s basketball. Connecticut Huskies 2011–12 Connecticut Huskies men s basketball team …   Wikipedia

  • Cypriot pound — Λίρα Κύπρου (Greek) Kıbrıs lirası (Turkish) …   Wikipedia

  • Jersey pound — Jersey pound …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.