Bellevue 425-454-1283 · Lynnwood 425-672-2646 · West Seattle 206-938-3519 · Issaquah 425-392-0450

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Colonial Paper Currency

When English colonists arrived in the New World, they brought their currency with them, the pound, shilling and pence. The original thirteen colonies commonly used British currency and Spanish dollars, but there were not enough coins in circulation to sustain the growing economy. To address this shortage as well as other issues, colonial governments issued their own paper money. In an attempt to manage various currencies, the British Parliament passed several Currency Acts that regulated colonial paper money. With exchange rates fluctuating, terms like “Lawful Money” (signified with the letters L.M.), “Proclamation Money” and “Current Money” were added to paper money, indicating that it conformed to legal statutes.

In 1788 the United State Constitution denied the right for individual states to coin and print money, and in 1792, the Coinage Act inaugurated the era of a national American currency.

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Bellevue

321 Bellevue Way NE Bellevue, WA 98004 425-454-1283 Hours: Mon-Sat 10-7
Sunday Closed

Lynnwood

18411 Alderwood Mall Parkway Lynnwood, WA 98037 425-672-2646 Hours: Mon-Sat 10-7
Sunday Closed

West Seattle

4500 California Ave SW Seattle, WA 98116 206-938-3519 Hours: Mon-Sat 10-7
Sunday Closed

Issaquah

1175 NW Gilman Blvd Issaquah, WA 98027 425-392-0450 Hours: Mon-Sat 10-7
Sunday Closed