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Started by villa66, April 22, 2011, 04:05:25 AM
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Quote from: villa66 on April 22, 2011, 04:05:25 AM...... Then in October 1882, what had been the primary justification for the original (silver) 3-cent piece disappeared—the price of a domestic postage stamp was reduced from three cents to only two cents.
Quote from: Figleaf on April 22, 2011, 11:16:30 PMThe US had (has?) a hate affair with the French revolution, seeing only the terror and none of the accomplishments. One of these accomplishments is a logical, decimal series of coins with denominations in numerals.
Quote from: scottishmoney on April 22, 2011, 10:09:16 PM...delivery times started averaging 3 days for the whole nation. If you look at envelopes that were mailed during that time they were postmarked through the journey. I have one from 1884 that was sent from the Dakota territory to California - three days from pickup to delivery. Simply amazing when you think there were no planes or trucks during that time - only fast trains.
Quote from: scottishmoney on April 23, 2011, 03:12:36 PMThe USA and France were NOT the first to decimalise, I am proud to say that Russia was during the reign of Petr I nearly 90 years before.
Quote from: translateltd on April 23, 2011, 12:51:21 PMHmmm ... the first French coins of the decimal series in the late 1790s read UN CENTIME, CINQ CENTIMES, UN DECIME, and Napoleon's two smallest silver denominations read QUART and DEMI FRANC; whereas the last pre-decimal issues showing Louis XVI said things like "6 D[eniers]", "2 S[ols]" ...
Quote from: scottishmoney on April 22, 2011, 11:54:54 PMFrankly during the colonial era and on up to 1857 when their tender status was abrogated by a change of law - Spanish and Spanish colonial coins, mostly Mexican, circulated in the USA. The denominations of the coins, ie the half dollar, quarter dollar are a carryover from that era and monetary system. Other denominations like the dime did not catch on until pretty late in the 19th century as a standby denomination....
Quote from: villa66 on April 23, 2011, 05:28:31 PMAbsolutely right--of course--about the Spanish-American 8-reales being used as the basis for the U.S. dollar, but I would place a little more accent on the ground broken by the Mint Act of 1792. (Which also figures into some of what Figleaf identifies--correctly, I think--as a certain inconstancy(!) in the way denominations have been expressed on American coinage.)It's true that out West the dime had a more difficult time (it was often called a "short bit"), but its main problem in circulation--as was the case with much of the early U.S. coinage--seems to have been insufficient production numbers coupled with the coins' excess precious metal content.
Quote from: Figleaf on April 23, 2011, 07:13:03 PMThis is of course how the denial trap works, but it is a useful reminder that Britain is also still at least partly in French revolution denial.