North Carolina pound


North Carolina £3 banknote (obverse)	North Carolina £3 banknote (reverse)

Unit

Plural

pounds

Symbol

£‎

Denominations

Banknotes

Freq. used

£1, £2, £5

Rarely used

£3

Coins

None

Demographics

User(s)

Province of North Carolina

Issuance

Central bank

North Carolina Treasury

Valuation

Pegged with

sterling at £1 N.C. = 15/- STG (£0.75 STG)

The pound (symbol: £) was the currency of North Carolina until 1793. Initially, sterling coin circulated, supplemented from 1709 by the introduction of colonial currency denominated in pounds, shillings and pence in 1712.^[1] The North Carolina currency was worth less than sterling, with a rating of 1 North Carolina shilling = 9 pence sterling (or 1 North Carolina pound to 15 shillings sterling). The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7+1⁄2 times the Old Tenor notes.^[2]

The State of North Carolina issued continental currency denominated in £sd and Spanish dollars at the York rating of 1 dollar = 8 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.^{[citation needed]}

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Transcription

Notes

^ Newman, 2008, p. 313.
^ Newman, 2008, p. 316.

References

Newman, Eric P. The Early Paper Money of America. 5th edition. Iola, Wisconsin: Krause Publications, 2008. ISBN 0-89689-326-X.
Cory Cutsail, Farley Grubb. 2018. The Paper Money of Colonial North Carolina, 1712-74: Reconstructing the Evidence. NBER paper.

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Historical antecedents (mass)	Roman pound (libra) Moneyer's pound (England) Grivna Ukrainian hryvnia Grzywna
See also	Pound sign (£) Dinar Pound (mass) (℔) Roman currency Carolingian monetary system £sd

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This page was last edited on 2 February 2023, at 22:04

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Notes

References