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What was before the dollar?

Updated: 9/21/2023
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12y ago

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There were at least two major types of money in use in the colonies before the US became independent and eventually established the dollar as its currency.

Many places obviously used British pounds and shillings, but Spanish "reales" ("royals") also circulated widely. In fact, the US silver dollar's size and value were chosen to closely match the Spanish reale.

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12y ago
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