posted on Sep, 5 2017 @ 09:30 PM
A little piece of history.. the Civil War era to be exact. I figured I'd share with my ATS friends, some of whom will likely appreciate this -
History is full of gems like this. Let's peep it:
This 10 cent bill is dated March 34rd 1863. These types of notes are known as "fractional currency", and were issued after the Civil War broke out
between 1862 and 1875.
How much can 10 cents buy you today? People don't even take their change if it's less than 25 cents a lot of the time. But back in 1863, 10 cents
actually meant something. They say the US dollar has lost something like 96% of its value since the inception of the Federal Reserve. This private
organization has devalued our currency slowly but gradually.
Back to the note...
It reads "Columbian Bank Note Co" at the bottom - how cool is that?
For more information on fractional currency, check out this Krause Publications article on these fascinating pieces of history: