Cryptocurrency Q&A
Why did Continental coins have a dollar in 1776?
Why did Continental coins have a dollar in 1776?
Martina
Thu Feb 20 2025
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6
answers
1050
I am wondering why Continental coins had a dollar denomination in 1776. What was the reason behind this decision? I want to understand the historical background and reason for this currency choice.
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6 answers
Caterina
Fri Feb 21 2025
The Congress aimed to introduce a novel one-dollar coin to replace the existing bill.
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BitcoinWizardry
Fri Feb 21 2025
The initial issues of Continental currency featured a bill valued at one dollar.
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Eleonora
Fri Feb 21 2025
The new Continental dollar was modeled after the Spanish-American piece of eight.
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Riccardo
Fri Feb 21 2025
This particular practice was halted in the spring season of 1771.
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KatanaBlade
Fri Feb 21 2025
This new coin was envisioned to play a pivotal role in the overall monetary system.
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