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1652, Boston minters John Hull and Robert Saunderson began making the first silver coins ever struck on American soil. Their first designs were simple: one side was punched with a small “NE” (for “NEW ENGLAND”) and the other side was punched with the denomination in Roman numerals.
The methods by which the New England Shillings were “struck” has been the subject of recent debate. Interestingly, the language of the original legislation authorizing these coins called for them to be square, no -
The Continental Congress issued paper currency to finance the Revolutionary War. Continental currency was denominated in Spanish milled dollars. Without solid backing and easily counterfeited, the bills quickly lost their value, giving rise to the phrase "not worth a Continental."
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In the constitution it says the the governmennt has th authority to coin money.
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