South Carolina pound

South Carolina pound

South Carolina pound
10/– Colonial currency from South Carolina (April 10, 1778).
Denominations
Demographics
User(s)	South Carolina

The pound was the currency of South Carolina until 1793. Initially, sterling coin circulated, supplemented from 1703 by local paper money.^[1] Although these notes were denominated in £sd, they were worth less than sterling, with 1 South Carolina shilling = 8d sterling. The first issues were known as "Proclamation Money". They were replaced by the "Lawful Money" issue in 1748, with 1 Lawful shilling = 4+2⁄3 Proclamation shillings.

The State of South Carolina issued Continental currency denominated in £sd and Spanish dollars with 1 dollar = 32+1⁄2 shillings (8 dollars = 13 pounds). The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar. (See hyperinflation.)

References

Notes

1. Newman, 2008, p. 405.

Bibliography

• Newman, Eric P. The Early Paper Money of America. 5th edition. Iola, Wisconsin: Krause Publications, 2008. ISBN 0-89689-326-X.