Early Money in AmericaThe First "Money" in America
Willow, Oak, and Pine Tree Shillings
The first colonial silver coins, the Massachusetts shillings, were authorized by the Massachusetts Bay Colony in 1652. Few were produced, and they did little to alleviate the coin shortage. The Massachusetts Willow, Oak, and Pine Tree shillings were issued between 1652 and 1682. Many are found with teeth marks, or bends, put there by superstitious colonists who were trying to keep witches away.