The pound (later dollar) was the currency of

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

from 1733 until its gradual replacement with the Continental currency and later the

United States dollar The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

between the

American Revolution The American Revolution (1765–1783) was a colonial rebellion and war of independence in which the Thirteen Colonies broke from British America, British rule to form the United States of America. The revolution culminated in the American ...

and the early 1800s. Initially, sterling coin circulated along with foreign coins. From 1733, this was supplemented by paper money, known as "Proclamation Money", denominated in

£sd file:Guildhall Museum Collection- Drusilla Dunford Money Table Sampler 3304.JPG, A Sampler (needlework), sampler in the Rochester Guildhall, Guildhall Museum of Rochester, Medway, Rochester illustrates the conversion between pence and shillings ...

, but worth less than sterling, with 1 Maryland shilling (12 pence) = 9 pence sterling. A second "New" issue of notes was introduced in 1751, replacing the earlier notes at a rate of 1 New shilling = 1¼ Proclamation shillings. The first issues of Continental currency in Maryland were denominated in £sd and Spanish dollars at a rate of 1 dollar = 4 shillings 6 pence. In 1780 two types of continental currency were issued, one valuing the Spanish dollar at 4 shillings 6 pence (printed in red ink and known as "Red Money"), the other (printed in black ink and known as "Black Money") valuing the

Spanish dollar The Spanish dollar, also known as the piece of eight (, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content fine silver. It w ...

at 7 shillings 6 pence.

References

Historical currencies of the United States 1793 disestablishments in Maryland Province of Maryland Economy of Maryland Pound (currency) {{Maryland-stub