NEW BOOK: THE CONTINENTAL DOLLAR

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V26 2023 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 26, Number 38, September 17, 2023, Article 5

NEW BOOK: THE CONTINENTAL DOLLAR

OK, numismatists, this is NOT a book that resolves the mystery of "Continental dollar" coins/medals. Rather, it is an exploration of the monetary history of the American Revolution, but likely well worth reading as "an essential origin story of the early American monetary system." Perhaps pulling threads on the eighteenth-century records referenced will lead to additional clues on the "Continentals" stamped in hard metals. Or not. -Editor

The Continental Dollar
How the American Revolution Was Financed with Paper Money

Farley Grubb

An illuminating history of America's original credit market.

The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a zero-coupon bond—a wholly different species of money. As bond payoffs were pushed into the future, the money's value declined, killing the Continentals' viability years before the Revolutionary War would officially end.

Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.

CLOTH
$65.00
ISBN: 9780226826035

PDF
$64.99
ISBN: 9780226826042

EPUB
$64.99
ISBN: 9780226826042

For more information, or to order, see:
The Continental Dollar (https://press.uchicago.edu/ucp/books/book/chicago/C/bo195976255.html)
Book notes: The Continental dollar, by Farley Grubb (entralbanking.com/central-banks/currency/banknotes/7959701/book-notes-the-continental-dollar-by-farley-grubb)

THE BOOK BAZARRE

AUTHORS AND PUBLISHERS: Are your books carried by Wizard Coin Supply? If not, contact us via www.WizardCoinSupply.com with details.

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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