PROCLAMATION MONEY was coin valued according to a proclamation issued by Queen Anne on 18 June 1704 and in effect until 1775. Colonists and colonial governments reckoned their accounts in pounds, shillings, and pence but used a variety of coinages in their daily exchanges, including the Spanish pieces of eight and the French silver "dollars" (ecus). Under the proclamation, the various colonial valuations of Spanish pieces of eight, the most common coins in the American colonies, were superseded by a uniform valuation of six shillings. This attempt to unify the silver currency of the colonies failed in practice.
Brock, Leslie V. The Currency of the American Colonies, 1700– 1764: A Study in Colonial Finance and Imperial Relations. New York: Arno Press, 1975.
Stanley R.Pillsbury/a. r.