Gradually, their production increased, and in 1794 the first one-dollar coins were put into circulation.
This coin was followed by the mint of 1 and 2-cent pieces. The first official United States minted coin was the Half Cent, first produced in 1792 along with the passing of the Coinage Act of 1792. Finally, the US Mint was established in 1792, and the dollar became the country’s official currency. However, this currency quickly lost value due to overprinting and lack of backing, leading to hyperinflation. After the Revolution, the US government began to issue paper money known as "Continental currency" to finance the war. This coin had the same weight and size as other European silver issues, known in different languages as Thaler, daler, daalder or tallero, from which the name dollar derived. In fact, pieces of 8 were legal currency in the USA until 1857. Later on, they adopted the use of the Spanish piece of 8, which was the most widespread currency in the world at that time. The first English settlers used materials such as shells, rice and tobacco for their transactions since it was very difficult for them to obtain English currency. Which coins were used before the US dollar?
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