New Netherland and Beyond
Currency, Coin use in the 17th Century
The money used in the business transactions of the company (and in Sweden in general at the time) was the Riksdaler (R.D. rixdollar), the Daler (D.) and the Florijn (fl. florin) or
Gulden (gl. guilder, sometimes gold-gulden). The florijn or guilder was the Dutch coin and whenever this was used in Sweden it was reduced to Rixdollars or Dalers.
The Riksdaler was divided into
48 skilling (shilings) and a skilling into
4 styfver (Dutch stuiver).
These were of course not the same as the English and Dutch money of the same name.
The Daler was divided into 32 ore, the ore being further divided.
The (Dutch) Florijn so largely used as a standard of value in the colony and in hiring sailors for the expeditions in Sweden or Holland was divided into
20 stuivers (penny).
A stuiver was worth about, or little more than 2 cents.
A Swedish Riksdaler was worth 2 1/2 Florijn, varying some what at times, and a Daler was valued at 2/3 Riksdaler, that is a Riksdaler was one and a half Daler. This Daler was called the silver
Dollar to distinquish it from the copper money. The designations were:
D.s.m (Daler silver money)
R.D.; D.k.m. (Daler copper money).
The copper money (Swedish k.m.) was of less value than the silver money, a Daler silver money in 1643, being worth 2 1/2 Daler copper money. Soldiers were often paid part of their salaries in copper
money before going to America.
The Riksdaler, the Florijn and the copper money were always reduced to Dalers silver money in the official journal of the company, and the salaries of the officers in the employ of the company in
Sweden were paid in "Daler s.m."
Swedish Settlements on the Delaware, Amandus Johnson, (c)1911, pg 41