“Spanish gold circulated throughout the English colonies, especially after 1704 when the West Indies adopted a gold standard. In 1759 Abraham Weatherwise of Philadelphia printed Father Abraham's Almanack, which included a chart with the current value of gold coins in both Philadelphia and New York City. In Philadelphia the two escudo pistole was worth £1 7s, while the eight escudo doubloon was valued at £5 8s and the silver eight reales Spanish pillar dollar was 7s6d. In New York City the value of these coins was £1 9s, £5 16s, and 8s respectively. Spanish gold was regularly accepted in the early United Sates and continued to be minted in the New World until 1821.”
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