Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money.
In 1645 the legislature of the Colony of Virginia prohibited barter, and valued the Spanish dollar or piece of eight at 6/–.
The first "official" coinage in British North America was issued by the Province of Virginia in 1775, although they were dated 1773.
The reason was that the Virginia House of Burgesses had been requesting the coinage for several years and King George III finally consented in that year.
It was valued more than North Carolina, and New York pounds at the time.