Coupon currency. A plan was presented to the Fifty-seventh Congress (1901-2) for paper
currency of the denominations of 5 and 10 cents. The name coupon currency was derived from
the proposition to print the currency of either denomination in blocks or sheets of five pieces or
coupons which could be detached as needed. The coupon currency was to be purchasable in any
lawful money of the United States. The idea was to enable small sums to be sent by mail, although
the coupon currency was to be legal tender for amounts not exceeding $10. The plan did not
commend itself for the reason that it involved a return to the use of "shinplasters."
currency of the denominations of 5 and 10 cents. The name coupon currency was derived from
the proposition to print the currency of either denomination in blocks or sheets of five pieces or
coupons which could be detached as needed. The coupon currency was to be purchasable in any
lawful money of the United States. The idea was to enable small sums to be sent by mail, although
the coupon currency was to be legal tender for amounts not exceeding $10. The plan did not
commend itself for the reason that it involved a return to the use of "shinplasters."
 | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  |
| Copyright 2000 - 2010 by Dictionary of Accounting All Rights Reserved Accounting Resources Hunting Knives, Military Acronyms |