New York pound

{{Short description|Currency of New York until 1793}}

{{More citations needed|date=November 2024}}

{{Use mdy dates|date=February 2023}}

{{Use American English|date=February 2023}}

File:US-Colonial (NY-2)-New York-31 May 1709.jpg Colonial currency from the Colony of New York. First issue (May 31, 1709) from New York.]]

The pound was the currency of the province and state of New York until 1793. Initially, sterling coin circulated along with foreign currencies. This was supplemented by local paper money from 1709. Although these were denominated in £sd,{{Citation needed|date=November 2024}} they were worth one third less than sterling,{{cite book |last1=Kierner |first1=Cynthia A. |title=Traders and Gentlefolk: The Livingstons of New York, 1675-1790 |date=1992 |publisher=Cornell University Press |isbn=978-0-8014-2638-4 |page=39 |url=https://books.google.com/books?hl=en&lr=&id=K41-GZOWEZIC&oi=fnd&pg=PR11 |language=en}} with one New York shilling worth 8d sterling.

The State of New York issued Continental currency denominated in £sd and Spanish dollars, with 1 dollar = 8/–. This valuation of the Spanish dollar was known as the York rating. The continental currency was replaced by the U.S. dollar at a rate of 1,000 continental dollars = 1 U.S. dollar.