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Fractional Currency - Historical News Story From 1869

 
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Author Previous TopicReplies: 8 / Views: 240Next Topic  
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 Posted 04/10/2021  8:18 pm Show Profile   Bookmark this topic Add fortcollins to your friends list Get a Link to this Message
I stumbled across an interesting article in an 1869 newspaper. (Yes, I'm a history nerd. Guilty as charged!)

The Vermont Chronicle, published in Windsor, Vermont, had an article in the February 20, 1869 edition, at page 2, complaining of the unfairness of government offices refusing to accept tattered or worn fractional currency at full value. Apparently, the government offices discounted the currency if the notes were damaged, had pieces missing, or were badly worn.

Here are photos of the article. Enjoy!



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 Posted 04/10/2021  8:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good read, thanks!
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 Posted 04/10/2021  8:56 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
a good read, but not surprising. not a lot of people trusted the new "promissory notes" and the confederated script ended up not being worth the paper it was printed on. at least the union script was redeemable - even if it was at a discount in some cases.

the coin below states the truth of those times, and with the current hyper-inflation that is manifesting itself world wide perhaps also the future. I think the first country to go back to the gold standard just might come out the "winner"


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 Posted 04/10/2021  10:06 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
That article was passionately written. Thanks for the post.
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 Posted 04/12/2021  10:58 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting!

Maybe we should start discounting the value of worn one dollar notes so people would finally prefer one dollar coins.

Hey, a man can dream!
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 Posted 04/21/2021  6:29 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
Very true, Jbuck.

$1, $2 and $5 are modern day fractional currency.
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 Posted 04/21/2021  6:35 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Thanks for that, @Wade!
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 Posted 04/22/2021  10:42 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
$1, $2 and $5 are modern day fractional currency.
Quoted for truth!
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 Posted 04/22/2021  11:38 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Moral of the Story - avoid spending your ratty cash at Government offices. What exactly is a Government office ? A place in town to pay your taxes or a Post Office ?
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