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Of the various types of currencies used in the colonies, which example highlights the use of specie?

A colonist in New England traded furs that he trapped for some new pots and pans.

A colonist in New England bought lumber with metal coins.

A colonist in the Middle colonies bought fish with paper money.

A colonist borrowed grain in the South and promised to pay it back when his crop grew.

1 answer

The example that highlights the use of specie is:

A colonist in New England bought lumber with metal coins.

Specie refers to money in the form of coins that has intrinsic value, typically made of precious metals like gold or silver. The transaction involving metal coins directly illustrates the use of specie as a currency.