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Statehood Quarters - proof clad
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Year of MOUSE -1996
Year of the TIGER -1998
Year of RABBIT -1999
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Year of the HORSE-2002
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Year of MONKEY - 2004
Year of Rooster - 2005
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Year of the DOGS - 2006
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Quarters in Silver 1999-2006
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What's a proof coin? Elliott Wave Theory
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Editor's note:
At the beginning of the Civil War a rapid disappearance of small coins occurred in the United States of America. This happened in both the north and south. At that time small denomination coins were made of silver and copper. These metals became scarce due to the war effort (and hoarding).
In order to have change for commerce transactions merchants and individuals began using postage stamps.
Postage Stamp Currency
The following article is from
The New York Herald newspaper
- dated Dec 15, 1862
The Postage Stamp Currency - Its Redemption
Notice.
Post Office, New York, Dec 15, 1862
From and including this date postage stamps which have been used for currency will be received at this office for redemption upon the following terms and conditions, viz:-
1. - Only such as have been used for currency will be redeemed.
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2. - Amounts under five dollars will be redeemed upon presentation.
3. - Amounts of five dollars and upwards must be in a single package, closely and securely put up, with the amount enclosed, and the name and residence or place of business of the owner plainly endorsed thereon.
4. - A receipt will be given for each package, numbered in the order of its reception.
5. - The stamps will, without delay, be carefully examined and counted in the order in which the packages are received. Those of the old issue, and those which have been once used for the prepayment of postage, if any, (which fact will be determined by this department), will be deducted from the amount of the package and destroyed. The balance will be retained and the amount thereof, as soon as ascertained, will be paid in government notes or postage currency, to the depositor, or his duly authorized agent, upon the production and surrender of the r receipt. Notice of readiness for payment will be affixed to the bulletin board of this office.
6. - Only one package will be redeemed for the same party.
7. - The stamps, before presentation, must be separated according to the different denominations.
8. - Stamps will be redeemed only on these conditions.
9. - The time for making applications for redemption is limited to thirty days from this date.
By order of the Postmaster General.
Abram Wakeman, Postmaster
Click here to find out more about (or purchase) this actual Civil War newspaper.
Editor's note continued:
In the place of small change the populace began using postage stamps. Although postage stamps met a temporary need, stamps were not designed to be handled, consequently they did not hold up well for this purpose.
To address the need in commerce for small change the US government began making "factional" paper money in denominations less than a dollar. These small denomination notes were designed to function like regular paper money. They were sometimes called "postage currency" or "fractional notes" and could be redeemed for face value in US postage stamps.
The above 1862 newspaper article informed the citizens that they could turn in their postage stamps for appropriate cash or fractional currency, provided that the post office could determine that the stamps had not been "used".
Copyright (c) 2001 John Lynn at www.lynncoins.com
Click here to read an article about
Revolutionary War Paper Money and Inflation - Devaluation
Disclaimer: This article is subject to typographical errors or errors of omission. This does not constitute a recommendation to buy or sell. Use your good judgment, get professional advice, and read the actual publications before buying, selling, holding, or making any type of transaction based on this information.
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