| Summary: | After the signing of the Paris Treaty in 1763, France ceded most of New France, including Canada, to Great Britain. Because of the scarcity of coins in circulation and the use of a very depreciated paper money, in May of 1765 the necessary acceptation of the Spanish pieces of eight was proclaimed. In accordance with this policy, the Spanish coins, both the national milled silver and the gold doubloons as the Spanish metropolitan pistareens became the more usual way of payment in this land, and also in the neighbor territories of New Scotland, Newfoundland and Prince Edward Island, until well into the 19th century.
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