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Shield Nickel
The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first five-cent coin referred to as a "nickel"—silver pieces of that denomination had been known as half dimes. Silver half dimes had been struck from the early days of the United States Mint in the late 18th century. Those disappeared from circulation, along with most other coins, in the economic turmoil of the Civil War. In 1864, the Mint successfully introduced low-denomination coins, whose intrinsic worth did not approach their face value. Industrialist Joseph Wharton advocated coins containing nickel—a metal in which he had significant financial interests. When the Mint proposed a copper-nickel five-cent piece, Congress required th ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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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 ...
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Half Cent (United States Coin)
The half cent was the smallest denomination of United States coin ever minted. It was first minted in 1793 and last minted in 1857. It was minted with five different designs. History First authorized by the Coinage Act of 1792 on April 2, 1792, the coin was produced in the United States from 1793 to 1857. The half-cent piece was made of 100% copper and was valued at five milles, or one two-hundredth of a dollar. It was slightly smaller than a modern U.S. quarter with diameters 22 mm (1793), 23.5 mm (1794–1836) and 23 mm (1840–1857).Whitman The Official Guide Book 64th Edition 2011 pages: #87, #89, #90, and #92 Coinage was discontinued by the Coinage Act of February 21, 1857. They were all produced at the Philadelphia Mint. Design varieties There are several different types of half cents: * Liberty Cap, Facing left (designed/engraved by Henry Voigt) – issued 1793 * Liberty Cap, Facing right (large head designed by Robert Scot, small head designed by Scot ...
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United States Department Of The 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 depart ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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United States House Of Representatives
The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the Lower house, lower chamber of the United States Congress, with the United States Senate, Senate being the Upper house, upper chamber. Together they comprise the national Bicameralism, bicameral legislature of the United States. The House's composition was established by Article One of the United States Constitution. The House is composed of representatives who, pursuant to the Uniform Congressional District Act, sit in single member List of United States congressional districts, congressional districts allocated to each U.S. state, state on a basis of population as measured by the United States Census, with each district having one representative, provided that each state is entitled to at least one. Since its inception in 1789, all representatives have been directly elected, although universal suffrage did not come to effect until after ...
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1865 Two Cent Obverse
Events January–March * January 4 – The New York Stock Exchange opens its first permanent headquarters at 10-12 Broad near Wall Street, in New York City. * January 13 – American Civil War : Second Battle of Fort Fisher: United States forces launch a major amphibious assault against the last seaport held by the Confederates, Fort Fisher, North Carolina. * January 15 – American Civil War: United States forces capture Fort Fisher. * January 31 ** The Thirteenth Amendment to the United States Constitution (conditional prohibition of slavery and involuntary servitude) passes narrowly, in the House of Representatives. ** American Civil War: Confederate General Robert E. Lee becomes general-in-chief. * February ** American Civil War: Columbia, South Carolina burns, as Confederate forces flee from advancing Union forces. * February 3 – American Civil War : Hampton Roads Conference: Union and Confederate leaders discuss peace terms. * February 8 & M ...
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Specie Payment Resumption Act
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously-unbacked United States Notes and reversed inflationary government policies promoted directly after the American Civil War. The decision further contracted the nation's money supply and was seen by critics as an exacerbating factor of the so-called Long Depression, which struck in 1873. History Late in 1861, seeking to raise revenue for the American Civil War effort without exhausting its reserves of gold and silver, the United States federal government suspended specie payments, or the payments made in gold and silver in redemption of currency notes. Early in 1862, the United States issued legal-tender notes, called greenbacks. By war's end, a total of million in greenbacks had been issued, and authorization had been given for another million in small denominations, known as fractional currency or "shin plasters." T ...
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James Pollock (American Politician)
James Pollock (September 11, 1810 – April 19, 1890) was the 13th governor of Pennsylvania from 1855 to 1858. Political career James Pollock graduated from the College of New Jersey at Princeton before setting up a law practice in his home community, in Milton, Pennsylvania. District attorney and judicial appointments followed and in 1844 he was elected to the United States House of Representatives where he served three successive terms. As a freshman congressman, Pollock boarded in the same rooming house as another new congressman, Abraham Lincoln (who would later become the 16th President of the United States), and they soon developed a mutual respect and longstanding friendship. Pollock was an early supporter of Samuel Morse and his idea for a telegraph and was instrumental in getting the United States Congress to appropriate a small amount to help build the first line. He was present in the room when the first message, "What hath God wrought" was received, ushering in a ...
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Salmon P
Salmon () is the common name for several commercially important species of euryhaline ray-finned fish from the family Salmonidae, which are native to tributaries of the North Atlantic (genus ''Salmo'') and North Pacific (genus '' Oncorhynchus'') basin. Other closely related fish in the same family include trout, char, grayling, whitefish, lenok and taimen. Salmon are typically anadromous: they hatch in the gravel beds of shallow fresh water streams, migrate to the ocean as adults and live like sea fish, then return to fresh water to reproduce. However, populations of several species are restricted to fresh water throughout their lives. Folklore has it that the fish return to the exact spot where they hatched to spawn, and tracking studies have shown this to be mostly true. A portion of a returning salmon run may stray and spawn in different freshwater systems; the percent of straying depends on the species of salmon. Homing behavior has been shown to depend on ...
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Walter Breen
Walter Henry Breen Jr. (September 5, 1928 – April 27, 1993) was an American numismatist, writer, and convicted child sex offender; as well as the husband of author Marion Zimmer Bradley. He was known among coin collectors for writing ''Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins''. "Breen numbers", from his encyclopedia, are widely used to attribute varieties of coins. He was also known for activity in the science fiction fan community and for his writings in defense of pederasty as a NAMBLA activist. Early life Breen was born in San Antonio, Texas, the son of Walter Henry Breen Sr. and Mary Helena (Nellie) Brown Mehl. He spent the first several years of his life in Texas with his parents. At the time they met, both of Walter's parents were married to other people and living next door to each other in Parkersburg, West Virginia. Walter's father changed his own name from Walter H. Green to Breen after abandoning his wife and children to run away with Walt ...
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Spencer M
Spencer may refer to: People *Spencer (surname) **Spencer family, British aristocratic family ** List of people with surname Spencer * Spencer (given name), a given name (including a list of people with the name) Places Australia *Spencer, New South Wales, on the Central Coast * Spencer Gulf, one of two inlets on the South Australian coast United States * Spencer, Idaho *Spencer, Indiana *Spencer, Iowa *Spencer, Massachusetts **Spencer (CDP), Massachusetts *Spencer, Missouri * Spencer, Nebraska *Spencer, New York **Spencer (village), New York *Spencer, North Carolina * Spencer, Ohio *Spencer, Oklahoma *Spencer, South Dakota *Spencer, Tennessee *Spencer, Virginia *Spencer, West Virginia *Spencer, Wisconsin **Spencer (town), Wisconsin *Spencer County, Indiana *Spencer County, Kentucky Ireland *Spencer Dock, North Wall, Dublin Arts and entertainment Fictional characters *Spencer, character in ''Beyblade'' *Spencer, character from ''Final Fantasy Mystic Quest'' * Spencer family ...
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