Colonial Script / Early American currency
The earliest coinage
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony, the willow, the oak, and the pine tree shilling in 1652. 

Since there were few coins minted in the Thirteen Colonies, that later became the United States, foreign coins like the Spanish dollar were widely circulated. Colonial governments, at times, issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773, that regulated colonial paper money.

That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay.
                                                                                                                                                          Benjamin Franklin

Colonial Scrip - Currency Act of 1764 US Monetary History

The New View – Money, Debt and Why we need Public Banks.

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