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#1
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Fractional Currency?
Is fractional currency a joke? I found a "one third dollar" bill from 1776. I
mean...its one THIRD! Also noticed that the signature is "Sam Hillegas" eventhough the first treasurer of the US was "Michael Hillegas". http://cgi.ebay.com/ws/eBayISAPI.dll...m=22033981 96 |
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#2
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From: whiteleath
Is fractional currency a joke? No, it's serious. People used to use not only fractional currency, but postage stamps as well as 'partial dollars' and various denominations of cents, for trade purposes. Stamps, as well as paper fractionals, were easier and cheaper to make than coins. 8-/ Coin Saver |
#4
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Thanks for the correction on the currency type.
I think "Sam" and "Michael" Hillegas must be the same guy. Here is the historical note from the US Treasury site: "On August 6,1776, George Clymer resigned and the Continental Congress appointed Michael Hillegas as the sole Continental Treasurer. After the name of our nation was changed from the United Colonies to the United States, on September 9, 1776, Michael Hillegas continued as the Treasurer of the United States, although his title was not officially changed to reflect the new reality until March 1778. Treasurer Hillegas served the new nation until September 11, 1789 and was succeeded by Samuel Meredith who served until October 3, 1801." Is it just a coincidence that the second treasurer's name is "Sam"? Keep in mind, my note is signed "Sam Hillegas" in 1776, not "Michael" (Michael doesn't even sound "continental" does it?). Kris |
#5
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A bit is 12 1/2 cents
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#6
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