New York Lion Dollar

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Description

Dutch-minted silver Lion “Daalders”, or the Lion Dollar, was the silver standard for world trade in the 16th and 17th centuries. Circulation of Lion Daalders was extensive throughout colonial America as well as Europe, Africa, the Middle East and the Orient.

Although there are several accounts that contest the circulation of the Lion Dollar in Colonial America, the first paper money issued by the colony was payable in Lion Dollars. In fact, it secured the monetary stability of New York as the new colonial paper money struggled to avoid rapid inflation.

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