BigSkyGuy Posted July 2, 2023 Share Posted July 2, 2023 May be related to the dual coinage system in use at the time. A Spanish "bit" was worth 12 1/2 cents and the medio 6 1/4 cents. Both were commonly used in the 1830s along with US coinage. Often, the medio and the US half dime were used interchangeably, but one party would lose 1 1/4 cents in the exchange. A cent and a cut 1/2 cent added to a US half dime would be a fair exchange for a medio (in theory). Link to comment Share on other sites More sharing options...
JCR Posted July 2, 2023 Share Posted July 2, 2023 Quite possible. Also taxes had to be paid in hard money. Link to comment Share on other sites More sharing options...
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