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Mossman: Money of the American Colonies and Confederation - A Numismatic, Economic & Historical Corr

Currency:USD Category:Books / Nonfiction Books Start Price:15.00 USD Estimated At:25.00 - 40.00 USD
Mossman: Money of the American Colonies and Confederation - A Numismatic, Economic & Historical Corr
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Mossman, Philip L. MONEY OF THE AMERICAN COLONIES AND CONFEDERATION - A NUMISMATIC, ECONOMIC & HISTORICAL CORRELATION. The American Numismatic Society, New York. 1993. 4to. 314 pages. original red cloth, gilt, jacket. Tables. Diagrams. Appendices. b&w coin, currency and historical photos throughout. Includes errata sheet and a copy of the Colonial Newsletter, April 2006 laid in. English text. Fine. In this monumental study, the author provides a fresh insoght into American monetary history of the pre-Federal period. The theme of this study is that money, in whatever form must be understood in the context of a circulating medium of exchange. This holistic approach to numismatics requires an appreciation of the prevailing economic, political and historical factors which shaped the environment in which the money was current. Without such an awareness, the coinages of this fascinating era are reduced to interesting specimens in collectors' cabinets rather than active players in the living history of our national tradition. The principal player of this book is the 'small change' the colonists used from the very beginnings up through 1789 and into the early Federal period. A major focal point concerns the copper coinages of the Confederation, as the author frames the events and conditions that culminated in the summer of 1789 when the small change medium became so overburdened with both legal and counterfeit coins that coppers ceased to circulate. The author lucidly explains this Coppers Panic and its aftermath as the United States gradually emerged from the stranglehold of the post-Revolutionary war depression and the new Federal Mint became a reality. Lot weight: 3 lbs 5oz. Subject(s): United States Coinage, Paper Money.