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The numismatic history of the United States began with Colonial coins such as the pine tree shilling and paper money; most notably the foreign but widely accepted Spanish piece of eight,^[1] ultimately descended from the Joachimsthaler and the direct ancestor of the U.S. Dollar.^[1]

The Spanish Piece of Eight, used widely as currency in Colonial America and the ancestor of American coinage

Paper money would not be printed by the United States until 1861.^[2]

^ ^a ^b Pieces of Eight Silver Dollar. "Pieces of Eight Silver Dollar". Uscommgallery.com. Archived from the original on 2012-04-02. Retrieved 2011-10-16.
^ "History of US Paper Money". Ronscurrency.com. Archived from the original on 2011-10-27. Retrieved 2011-10-16.