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taler. Fron^this the Qutch daler
*0 vm &*-. rhffd, %: Julius, f>u|t qf §ru»fwidck“»ehurf, owmA m *fch Harz Mountains silver mines in northern Germany, issued large silver coins weighing up to 10 ounces. One carried his coat of arms,' Which "depicts the famed Wildman of Brunswick grasping an unrooted treeTo
secure his financial position, Julius held each of his subjects accountable for one coin. They could pot sell, exchange, or carry it from his domain and were required to surrender it on demand.
New Wor|d Coins
The first coins mined in the New World were struck at a mint established ip Mexico City in the 1530’s. The inscription' rplus ultra,” further beyond^ and the Pillars of Hercules, representing the gate to the Neyr World, appear on the coins. 4>
Farther north, Indians valued wampum because the tubular beads made from hard clam and white conch shells were difficult to form. A standard string pf 36Q beads was worth five shillings |n Massachusetts in 1637. -
The Colonists used a variety of coins, including “Hibernia” pieces minted in England for use in Ireland. The Irish rejected these English imports, and the coins were shipped instead to the Colonies.
The first coin specifically authorized for issuance in the United States of America was the Fugio cent of 1787. The Latin inscription FUGIO in conjunction with a sundial was supposed tp mean “time flies.”
The cent also bore, however, a terse admonition that was strictly* American: MIND YOUR BUSINESS.
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