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/Archive 1: 2006–2009
This article was created in April 2010 through the merger of two articles: Colonial scrip and Continental (currency). Those articles were in poor condition and were confused about the distinction between Continental and state/colonial currency. (Additionally, the title "colonial scrip" came from a phony Benjamin Franklin quote; details in next section). I've thrown out the garbage, combined what was correct, and given us a new start. In the future someone might want to spin out Continental currency as its own article again, although the topic is so entwined with the currency concurrently issued by the states that it's probably better to cover the currency of the American Revolution in the same article. At some point we'll also need a third section in this article, covering currency in the postwar Confederation period. — Kevin Myers 05:44, 1 May 2010 (UTC)
In previous versions of the article, KHirsch ( talk · contribs) did a good job of removing bogus Benjamin Franklin quotes that had found their way into Wikipedia. The quotes come from a 1939 speech by Congressman Charles G. Binderup, who was an opponent of the Federal Reserve system. To bolster his arguments, Binderup apparently fabricated Franklin quotes as needed. More details can be found in archive 1 and in this blog. After initially falling for Binderup's pseudo-history, the blogger contacted professor Leo Lemay, a leading Franklin expert, who told him that none of the quotes were genuine, and that some of them misrepresented Franklin's opinions. Future editors should be aware that these bogus quotes are all over the Internet and so will inevitably show up here again. — Kevin Myers 05:44, 1 May 2010 (UTC)
From the main article: "Some think that the rebel bills depreciated because people lost confidence in them or because they were not backed by tangible assets," writes financial historian Robert E. Wright. "Not so. There were simply too many of them."[13]
I have to LOL at that one.
It stands to reason that if the dollars were backed by tangible assets, it would be impossible for there to be "too many" of them. This is the entire point of backing money with commodities such as gold or silver. Money can not be printed in perpetuity if it must first represent a tangible asset other than tree bark.
This analysis should not remain in the article. —Preceding unsigned comment added by 158.61.151.200 ( talk) 18:55, 4 November 2010 (UTC)
I would like to submit an addition section pertaining to the design flaws of the Continental. If you would like to take a look at the source I would be getting this information from it's http://qed.econ.queensu.ca/paper/Grubb--paper.pdf. It's a preliminary paper discussing the design flaws in the money, such as the Continental not being purely fiat, but rather a zero-interest bond bearing note that was supposed to be redeemable for hard currency. The paper also delves into the complications of using such a note. MFBC ( talk) 17:30, 6 August 2011 (UTC)
Sounds good. I will wait until the final draft is published. Thanks for the advice. MFBC ( talk) 19:15, 17 August 2011 (UTC)
http://21stcenturycicero.wordpress.com/fraud/colonial-scrip/ appears to be a copy of the old Colonial_Scrip article, though I'm unfamiliar with the history of that article, so I'm unsure. In any case, that URL contains some interesting, seemingly valuable content that isn't included in the current Early_American_currency article. Specifically, there's a discussion of the effectiveness of the Pennsylvania Pound, with quotes from Benjamin Franklin, Albert Gallatin, and Adam Smith. Was this content originally in the Colonial_Scrip article? Why was it removed? Should it be put back in place? 216.52.119.99 ( talk) 14:44, 12 April 2011 (UTC)
I wanted to see if there would be any objections to converting this article into one or two list-class articles (with the intent to work them into shape to be nominated for Featured Lists). I would add (to Colonial) a 13-item set of high resolution scans to have a representative sample from each colony. Many of these are rare earlier notes and some have notable signers. If it is not too much, I could create a table for a Continental list which would include a complete denomination set. All images are from notes in the National Numismatic Collection at the Smithsonian. I would welcome any feedback. Thanks- Godot13 ( talk) 00:51, 2 March 2014 (UTC)
I think the table of notes is misleading and distracting and basically just a WP:Gallery. It should not be at the expense of encyclopedic information (e.g. the exchange rate and the denominations issued). Some points:
I suggest transferring it to commons:Thirteen colony set of United States Colonial currency. jnestorius( talk) 23:36, 27 July 2017 (UTC)
Hello! This is a note to let the editors of this article know that File:US-Colonial (NY-173)-New York-2 Aug 1775 OBV.jpg will be appearing as picture of the day on July 27, 2017. You can view and edit the POTD blurb at Template:POTD/2017-07-27. If this article needs any attention or maintenance, it would be preferable if that could be done before its appearance on the Main Page. — Chris Woodrich ( talk) 02:40, 16 July 2017 (UTC)
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A citation from the United States Supreme Court trumps a citation from Mises. That last sentence regarding the restriction upon issuing bills of credit extending to the Federal government was removed and replaced with the quote from Juilliard v. Greenman, 110 U.S. 421, 4 S.Ct. 122, 28 L.Ed. 204 (1884). Christopher Theodore ( talk) 18:02, 12 November 2019 (UTC)
This article was the subject of a Wiki Education Foundation-supported course assignment, between 23 August 2022 and 9 December 2022. Further details are available on the course page. Student editor(s): Saroka26 ( article contribs).
— Assignment last updated by Saroka26 ( talk) 18:31, 12 September 2022 (UTC)
This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||||||||||||||||||||||||||
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/Archive 1: 2006–2009
This article was created in April 2010 through the merger of two articles: Colonial scrip and Continental (currency). Those articles were in poor condition and were confused about the distinction between Continental and state/colonial currency. (Additionally, the title "colonial scrip" came from a phony Benjamin Franklin quote; details in next section). I've thrown out the garbage, combined what was correct, and given us a new start. In the future someone might want to spin out Continental currency as its own article again, although the topic is so entwined with the currency concurrently issued by the states that it's probably better to cover the currency of the American Revolution in the same article. At some point we'll also need a third section in this article, covering currency in the postwar Confederation period. — Kevin Myers 05:44, 1 May 2010 (UTC)
In previous versions of the article, KHirsch ( talk · contribs) did a good job of removing bogus Benjamin Franklin quotes that had found their way into Wikipedia. The quotes come from a 1939 speech by Congressman Charles G. Binderup, who was an opponent of the Federal Reserve system. To bolster his arguments, Binderup apparently fabricated Franklin quotes as needed. More details can be found in archive 1 and in this blog. After initially falling for Binderup's pseudo-history, the blogger contacted professor Leo Lemay, a leading Franklin expert, who told him that none of the quotes were genuine, and that some of them misrepresented Franklin's opinions. Future editors should be aware that these bogus quotes are all over the Internet and so will inevitably show up here again. — Kevin Myers 05:44, 1 May 2010 (UTC)
From the main article: "Some think that the rebel bills depreciated because people lost confidence in them or because they were not backed by tangible assets," writes financial historian Robert E. Wright. "Not so. There were simply too many of them."[13]
I have to LOL at that one.
It stands to reason that if the dollars were backed by tangible assets, it would be impossible for there to be "too many" of them. This is the entire point of backing money with commodities such as gold or silver. Money can not be printed in perpetuity if it must first represent a tangible asset other than tree bark.
This analysis should not remain in the article. —Preceding unsigned comment added by 158.61.151.200 ( talk) 18:55, 4 November 2010 (UTC)
I would like to submit an addition section pertaining to the design flaws of the Continental. If you would like to take a look at the source I would be getting this information from it's http://qed.econ.queensu.ca/paper/Grubb--paper.pdf. It's a preliminary paper discussing the design flaws in the money, such as the Continental not being purely fiat, but rather a zero-interest bond bearing note that was supposed to be redeemable for hard currency. The paper also delves into the complications of using such a note. MFBC ( talk) 17:30, 6 August 2011 (UTC)
Sounds good. I will wait until the final draft is published. Thanks for the advice. MFBC ( talk) 19:15, 17 August 2011 (UTC)
http://21stcenturycicero.wordpress.com/fraud/colonial-scrip/ appears to be a copy of the old Colonial_Scrip article, though I'm unfamiliar with the history of that article, so I'm unsure. In any case, that URL contains some interesting, seemingly valuable content that isn't included in the current Early_American_currency article. Specifically, there's a discussion of the effectiveness of the Pennsylvania Pound, with quotes from Benjamin Franklin, Albert Gallatin, and Adam Smith. Was this content originally in the Colonial_Scrip article? Why was it removed? Should it be put back in place? 216.52.119.99 ( talk) 14:44, 12 April 2011 (UTC)
I wanted to see if there would be any objections to converting this article into one or two list-class articles (with the intent to work them into shape to be nominated for Featured Lists). I would add (to Colonial) a 13-item set of high resolution scans to have a representative sample from each colony. Many of these are rare earlier notes and some have notable signers. If it is not too much, I could create a table for a Continental list which would include a complete denomination set. All images are from notes in the National Numismatic Collection at the Smithsonian. I would welcome any feedback. Thanks- Godot13 ( talk) 00:51, 2 March 2014 (UTC)
I think the table of notes is misleading and distracting and basically just a WP:Gallery. It should not be at the expense of encyclopedic information (e.g. the exchange rate and the denominations issued). Some points:
I suggest transferring it to commons:Thirteen colony set of United States Colonial currency. jnestorius( talk) 23:36, 27 July 2017 (UTC)
Hello! This is a note to let the editors of this article know that File:US-Colonial (NY-173)-New York-2 Aug 1775 OBV.jpg will be appearing as picture of the day on July 27, 2017. You can view and edit the POTD blurb at Template:POTD/2017-07-27. If this article needs any attention or maintenance, it would be preferable if that could be done before its appearance on the Main Page. — Chris Woodrich ( talk) 02:40, 16 July 2017 (UTC)
Hello fellow Wikipedians,
I have just modified one external link on Early American currency. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.
This message was posted before February 2018.
After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than
regular verification using the archive tool instructions below. Editors
have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the
RfC before doing mass systematic removals. This message is updated dynamically through the template {{
source check}}
(last update: 5 June 2024).
Cheers.— InternetArchiveBot ( Report bug) 23:51, 15 September 2017 (UTC)
A citation from the United States Supreme Court trumps a citation from Mises. That last sentence regarding the restriction upon issuing bills of credit extending to the Federal government was removed and replaced with the quote from Juilliard v. Greenman, 110 U.S. 421, 4 S.Ct. 122, 28 L.Ed. 204 (1884). Christopher Theodore ( talk) 18:02, 12 November 2019 (UTC)
This article was the subject of a Wiki Education Foundation-supported course assignment, between 23 August 2022 and 9 December 2022. Further details are available on the course page. Student editor(s): Saroka26 ( article contribs).
— Assignment last updated by Saroka26 ( talk) 18:31, 12 September 2022 (UTC)