See also: Continental currency
In 1775, the United States and the individual states began issuing "Continental Currency" denominated in Spanish dollars and (for the issues of the states) the £sd currencies of the states. The dollar was valued relative to the states' currencies at the following rates:
| State | Value of Dollar in State Currency |
|---|---|
| Georgia | 5 Shillings |
| Connecticut, Massachusetts, New Hampshire, Rhode Island, Virginia | 6 Shillings |
| Delaware, Maryland, New Jersey, Pennsylvania | 7½ Shillings |
| New York, North Carolina | 8 Shillings |
| South Carolina | 32½ Shillings |
The continental currency suffered from printing press inflation and was replaced by the silver dollar at the rate of 1 silver dollar = 1000 continental dollars.
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