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Partly it was issued on paper with no real way to convert it to coin, partly it was easy to counterfeit.

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10y ago

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What was the main problem with continental dollars?

The main problem with continental dollars was that they were not backed by a stable source of revenue or gold reserves, leading to overissuance and hyperinflation. This caused the value of the currency to plummet, resulting in a loss of confidence in its worth and making it nearly worthless in trade.


What is US Continental?

It is a reference to the early US currency called the Continental Dollar.


What was the british currency during 1776?

the currency that was printed during the revolutionay war was the commodity money


What does it mean the word Becker written on side of a continental currency coin?

what does becker on continental coin mean


What is the first continental currency?

A stalker that has been in the army and is a hobo


Who designed the first continental paper currency?

Paul Revere.


Did paul revere print the first continental currency?

Yes


What did the newly formed states give the continental congress the power to do?

issue a national currency


Why were Continental dollars worth so little?

The Continental Cngress was unable to prevent deep depreciation of its paper currency.


What was the currency authorized by Congress to finance the Revolution and depreciated to near worthlessness?

"continental" paper money "continental" paper money


Can a continental currency coin say copy on the side of the coin?

No, a genuine Continental currency coin would not have the word "copy" on it. If a coin has "copy" marked on it, it is likely a replica or counterfeit coin. Authentic Continental currency coins were issued during the American Revolution and did not include such markings.


What was the 1776 continental currency coin made of?

Some continental coins were made of pewter, others of bronze or silver. The 1776 "continental currency" (dollar) is one of the rarest US coins and many were made from pewter, consequently suffering from corrosion of the tin.