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The supply of coins eventually was exhausted in the late 1950s. [36] The coins were sold in plain cardboard holders that, similar to holders for the York County, Maine, Tercentenary half dollar, contained slots for up to five coins. Orders of one or two coins were sealed in tissue paper and shipped in envelopes that were either imprinted "L.M ...
In the absence of gold and silver coin, the premium for specie began to devalue paper currency. [10] After the New York banks suspended specie payments (quickly followed by Boston and Philadelphia) [ 11 ] the premium on gold rose from 1–3% over paper in early January 1862 to 9% over paper in June 1862, [ 10 ] by which time one paper dollar ...
An envelope is a common packaging item, usually made of thin, flat material. It is designed to contain a flat object, such as a letter or card. Traditional envelopes are made from sheets of paper cut to one of three shapes: a rhombus, a short-arm cross or a kite. These shapes allow the envelope structure to be made by folding the sheet sides ...
Fractional Money: A History of Small Coins and Fractional Paper Currency of the United States. New York: John Wiley & Sons, Inc. (reprinted 1988 by Bowers and Merena Galleries, Inc., Wolfeboro, N.H.). ISBN 0-943161-12-6. Lange, David W. (2006). History of the United States Mint and its Coinage. Atlanta, GA: Whitman Publishing.
Widespread hoarding of coins during the Civil War created a shortage, prompting the use of stamps for currency. To be sure, the fragility of stamps made them unsuitable for hand-to-hand circulation, and to solve this problem, John Gault invented the encased postage stamp in 1862. A normal U. S. stamp was wrapped around a circular cardboard disc ...
Notgeld was mainly issued in the form of (paper) banknotes. Sometimes other forms were also used: coins, leather, silk, linen, wood, postage stamps, aluminium foil, coal, and porcelain; there are also reports of elemental sulfur being used, as well as all sorts of re-used paper and carton material (e.g. playing cards).
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