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Fractional Currency Shield
A fractional currency shield is a printed "shield" on which is placed 39 different fractional currency notes. Produced in 1866 and 1867 by the Treasury Department, the shields were sold to banks for $4.50 each, for the purpose of having a genuine note available to use as a method of counterfeit detection. The 39 notes were printed from the original plates on one side only, the other side left blank, or with the printed word "specimen". The shields were typically framed by the purchaser and hung on the wall for the convenience of bank employees. Sales were reported to be $14,683.50. Notes appearing on the shields were from the first, second and third issues of Fractional Currency, of the five different issues made. Many were stored upright on the floor of the Currency Bureau (Department of Engraving and Printing), and during a flood suffered water damage, the water reaching approximately high. Undamaged shields are rare. It is unknown how many shields exist, but it is believed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Currency
__NOTOC__ Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low- denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods.Kravitz The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution. History The Civil War economy catalyzed a shortage of United States coinage—gold and silver coins were hoarded given their intrinsic bullion value relative to irredeemable paper currency at the time.Anderson, p. 303.Reed, p. 298. In late 1861, to help finance the Civil War, the U.S. government borrowed gold coin from New York City banks in exchange for Seven-thirties treasury notesMitchell, 1903, pp. 27–32. and the New York banks sold them ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes. The departm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterfeit Money
Counterfeit money is currency produced without the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal. The business of counterfeiting money is nearly as old as money itself: plated copies (known as Fourrées) have been found of Lydia#First coinage, Lydian coins, which are thought to be among the first Western coins. Before the introduction of Banknotes, paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. During World War II, the Nazis Operation Bernhard, forged British pounds and American dollars. Today some of the finest counterfeit banknotes are called ''Superdollars'' because of their high quality and imitation of the real US dollar. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Specimen Shield
A fraction is one or more equal parts of something. Fraction may also refer to: * Fraction (chemistry), a quantity of a substance collected by fractionation * Fraction (floating point number), an (ambiguous) term sometimes used to specify a part of a floating point number * Fraction (politics), a subgroup within a parliamentary party * Fraction (radiation therapy), one unit of treatment of the total radiation dose of radiation therapy that is split into multiple treatment sessions * Fraction (religion), the ceremonial act of breaking the bread during Christian Communion People with the surname * Matt Fraction, a comic book author See also * Algebraic fraction, an indicated division in which the divisor, or both dividend and divisor, are algebraic expressions ** Irrational fraction, a type of algebraic fraction * Faction (other) * ''Frazione'', a type of administrative division of an Italian ''commune'' * Free and Independent Fraction, a Romanian political party * Part (d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureau Of Engraving And Printing
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) for the Federal Reserve, the nation's central bank. In addition to paper currency, the BEP produces Treasury securities; military commissions and award certificates; invitations and admission cards; and many different types of identification cards, forms, and other special security documents for a variety of government agencies. The BEP does not produce coins; all coinage is produced by the United States Mint. With production facilities in Washington, D.C., and Fort Worth, Texas, the Bureau of Engraving and Printing is the largest producer of government security documents in the United States. History The Bureau of Engraving and Printing has its origins in legislation enacted to help fund the Civil War. In J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Water Damage
Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a solvent). It is vital for all known forms of life, despite not providing food, energy or organic micronutrients. Its chemical formula, H2O, indicates that each of its molecules contains one oxygen and two hydrogen atoms, connected by covalent bonds. The hydrogen atoms are attached to the oxygen atom at an angle of 104.45°. "Water" is also the name of the liquid state of H2O at standard temperature and pressure. A number of natural states of water exist. It forms precipitation in the form of rain and aerosols in the form of fog. Clouds consist of suspended droplets of water and ice, its solid state. When finely divided, crystalline ice may precipitate in the form of snow. The gaseous state of water is steam or water vapor. Water covers ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederate States Of America
The Confederate States of America (CSA), commonly referred to as the Confederate States or the Confederacy was an unrecognized breakaway republic in the Southern United States that existed from February 8, 1861, to May 9, 1865. The Confederacy comprised U.S. states that declared secession and warred against the United States during the American Civil War: South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, Texas, Virginia, Arkansas, Tennessee, and North Carolina. Kentucky and Missouri also declared secession and had full representation in the Confederate Congress, though their territory was largely controlled by Union forces. The Confederacy was formed on February 8, 1861, by seven slave states: South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, and Texas. All seven were in the Deep South region of the United States, whose economy was heavily dependent upon agriculture—particularly cotton—and a plantation system that relied upon enslaved ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USS Mercedita
USS ''Mercedita'' was a wooden steamer that served as a gunboat in the Union Navy during the American Civil War. Service history ''Mercedita'' was built at Brooklyn, New York in 1861. She was purchased by the Union Navy on 31 July 1861 from J. C. Jewett & Co., and commissioned at New York on 8 December 1861, Commander Henry S. Stellwagen in command. ''Mercedita'' joined the Gulf Blockading Squadron on 3 January 1862, and the next day chased two vessels attempting to run the blockade; ''Julia'' and an unidentified ship ran aground trying to escape and were set afire by their crews. In March, ''Mercedita'' was ordered to Apalachicola, Florida to relieve in West Pass. There she destroyed the Confederate batteries at St. Vincent Island, Florida on 21 March. She and captured Apalachicola on 3 April. ''Mercedita'' pursued blockade runner ''Magnolia'' on 12 April, but during the chase Confederate ships ''Whitmore'' and ''Florida'' slipped through the blockade. ''Mercedita'' captu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USS Bermuda (1861)
USS ''Bermuda'' was a large steamer captured by the Union Navy during the American Civil War. She was used by the Union Navy as a cargo and general transport ship in support of the Union Navy blockade of Confederate waterways, primarily in Florida and the Gulf of Mexico. However, despite being a valuable cargo ship, she proved very adept at capturing blockade runners as her record proves. Confederate blockade runner ''Bermuda''—an iron-hulled screw steamer—was built in 1861 at Stockton-on-Tees, England, by Pearse and Lockwood to take advantage of the extraordinary profits which could be made by running cargoes of war-making materiel through the Union blockade to the munitions-hungry Confederacy. Originally owned by Edwin Haigh, a Liverpool cotton broker, the ship was secretly sold—about the time of her completion—to Messrs. A. S. Henckle and George Alfred Trenholme of Charleston, South Carolina. While her new owner, Charles K. Prioleau, hoped to realize a profit from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watermark
A watermark is an identifying image or pattern in paper that appears as various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected light, atop a dark background), caused by thickness or density variations in the paper. Watermarks have been used on postage stamps, currency, and other government documents to discourage counterfeiting. There are two main ways of producing watermarks in paper; the ''dandy roll process'', and the more complex ''cylinder mould process''. Watermarks vary greatly in their visibility; while some are obvious on casual inspection, others require some study to pick out. Various aids have been developed, such as ''watermark fluid'' that wets the paper without damaging it. A watermark is very useful in the examination of paper because it can be used for dating documents and artworks, identifying sizes, mill trademarks and locations, and determining the quality of a sheet of paper. The word is also used for digital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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