Upon arriving in America, English colonists naturally continued using British currency such as the pound, the shilling, and the pence. But as tensions mounted and they began breaking away from England, colonists found better ways to support the growth and well being of their new colonies. You may recall having heard a few of these famous sayings about currency: "The use of money is all the advantage there is in having it." "He that is of the opinion money will do everything may well be suspected of doing everything for money." "A penny saved is a penny earned." Benjamin Franklin, the author of these quotes, not only used and saved money but he printed it, too. Currency was essential to life in the 18th century just as it is to life today. At the time the following currency was issued, money needed to be printed in order to support military spending during the French and Indian War.
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The Franklin Institute