Paper Currency in Georgia
The story of paper currency in Georgia begins in 1735, almost immediately after the founding of the colony in 1732 by James Oglethorpe, on the British pound sterling standard. During the Revolution, Georgia used continental currency denominated in sterling and in Spanish dollars at the rate of 1 dollar = 5 shillings. After the Revolution, continental currency was replaced by the new U.S. dollar. This exhibit will show the fascinating examples of Georgia paper currency from the revolution through the modern Federal Reserve notes issued by the Federal Reserve Bank of Atlanta, including notes from the private banking era, the Civil War and the National Bank period.