How was money made in colonial Pennsylvania?

The colonial government of Pennsylvania issued its own paper currency, called the Pennsylvania pound. The pound was first issued in 1723, and it was printed in denominations of 1 pound, 2 pounds, 5 pounds, 10 pounds, and 20 pounds. The pound was backed by silver and gold, and it was interchangeable with British sterling.

The Pennsylvania pound was not the only form of currency used in colonial Pennsylvania. British sterling, Spanish dollars, and French livres were also in circulation. However, the Pennsylvania pound was the most common form of currency, and it was used for most transactions.

The colonial government of Pennsylvania also issued copper coins, called the Pennsylvania penny and the Pennsylvania halfpenny. The penny was first issued in 1722, and the halfpenny was first issued in 1723. The coins were made of copper, and they were used for small transactions.