Jump to content

Snagged A U.S. Quarter Cent


Recommended Posts

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


Quite possible. Also taxes had to be paid in hard money.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...