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  • diesel1959

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    Nothing in my posts quoted by you supports anything you claim. You're wrong, your pappy was wrong and whoever told HIM that story was wrong.

    Further, nowhere ever in literature, eyewitness account, song, folk tale, movie, stage play has any character ever been saying "hang on, I need to change my state bucks for federal money."

    Conversely, if you slap a stamp on a letter, it will get transported to any destination in the nation and the world.
    Did you not read anything in the post I made following one of yours? It shows an actual note printed in Reno and would be an example of what Ole Cowboy is referring to--locally printed paper currency that is not uniformly accepted across the country at that time. It was quite common in the Western states at that time.
     

    Kar98

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    Did you not read anything in the post I made following one of yours? It shows an actual note printed in Reno and would be an example of what Ole Cowboy is referring to--locally printed paper currency that is not uniformly accepted across the country at that time. It was quite common in the Western states at that time.

    Show me where it says those "National Bank Notes" weren't accepted outside Reno or Nevada.
     

    diesel1959

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    Show me where it says those "National Bank Notes" weren't accepted outside Reno or Nevada.
    Read here ( https://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2001/1/cj20n3-8.pdf specifically the first paragraph of page 3), where there is reference made to the fact that:

    "Banks chartered by a state could only operate within its boundaries; there were apparently no reciprocal agreements between states allowing banks chartered by one state to establish branches in another state. In the course of trade, bank notes might be carried far from their point of origin. Before railroads and the telegraph penetrated the country, it might take weeks to return the notes to discover whether the issuer could redeem them in gold or another suitable reserve asset. The risk that the issuer might default in the meantime caused notes to circulate at less than their face value outside the issuer’s home city or state." (bolded emphasis mine)

    So, from that, a reader can take that the net effect would be that the federal notes would be more useful and always accepted at par anywhere in the nation, whereas some of the notes issued by state banks might not be accepted at par when distant from the state where they had been issued.

    I remember visiting Canada while US dollar is worth more than Canadian dollar but in all the shops in Canada, they declare "US currency accepted at par." Yeah, of course it is--because it's WORTH more than their own money. It's also why folks would try to use Canadian coins in US vending machines. So I can readily see the concept of traveling money vs money you use near your home.
     

    benenglish

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    There won't be a lock by me. However -

    I have today conferred at length with one of the first 27 people in the United States certified by the American Numismatic Association as a Master Coin Grader, someone who has personally handled almost the entire Professional Coin Grading Service reference library of gold coins. Some of you know who she is.

    In her opinion, the history of bank notes is incredibly specialized, collectors and historians in that area are far more rare than coin experts, and arguing about it over the internet is a waste of time. There's no common, agreed language and nothing will be solved.

    If someone wants to call the ANA HQ in Colorado Springs and get one of their paper experts to address this thread, put them in touch with me and I'll make sure they have an account and can post something authoritative.

    If it's not worth that trouble, start another thread and argue to your heart's content.

    This thread is intended for facts which may be reasonably but briefly disputed in a spirit of community fun. However, it's headed for a substantial cleanup if this continues.
     

    avvidclif

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    Ben you have more patience than me. At the first instance of name calling the thread would have been locked and the offender given a week off to think about it. Spirited arguments are fine, leave the childish name calling at home.

    My 2 cents.
     

    diesel1959

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    There won't be a lock by me. However -

    I have today conferred at length with one of the first 27 people in the United States certified by the American Numismatic Association as a Master Coin Grader, someone who has personally handled almost the entire Professional Coin Grading Service reference library of gold coins. Some of you know who she is.

    In her opinion, the history of bank notes is incredibly specialized, collectors and historians in that area are far more rare than coin experts, and arguing about it over the internet is a waste of time. There's no common, agreed language and nothing will be solved.

    If someone wants to call the ANA HQ in Colorado Springs and get one of their paper experts to address this thread, put them in touch with me and I'll make sure they have an account and can post something authoritative.

    If it's not worth that trouble, start another thread and argue to your heart's content.

    This thread is intended for facts which may be reasonably but briefly disputed in a spirit of community fun. However, it's headed for a substantial cleanup if this continues.
    I figured my post brought illumination and not further aggravation. I'll happily delete my posts in this regard if you'd prefer. Just let me know, Ben. :cheers:
     

    benenglish

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    I figured my post brought illumination and not further aggravation. I'll happily delete my posts in this regard if you'd prefer.
    All the posts on the subject have been at least partially illuminating. Nothing needs to be deleted by the posters. I'm willing to assume good will on everyone's part and just an occasional, forgivable slip in judgement that accounted for the name-calling and lack of civility.

    But all discussion of that particular topic is concluded.
     

    Kar98

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    BTW, nobody's spoken stern words to me behind the scenes, but I do respect the shit out of Ole Cowboy and everybody else who's an actual veteran, especially of that shit fest Vietnam. No personal slight was intended.
    Bet you didn't know THAT!
     
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