The first settlers in Colonial America used wampum beads, beaver skins, and tobacco as means of exchage. The shortage of "hard money" (coins) severely hindered the conduct of business. To overcome this handicap, the colonies began to issue paper currency. Many Colonial notes were in terms of shillings, because the official currency was still British. The Revolutionary War brought new money difficulties. The Continental Congress was forced to print massive amounts of currency to finance the war, causing rapid depreciation.
Colonial & Revolutionary Currency Set "B" contains replicas of paper money from Virginia, Rhode Island & Providence Plantations, Connecticut, New Hampshire, Massachusetts-Bay, and North Carolina, as well as United States Continental Currency.