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<p>[QUOTE=&quot;Conder101, post: 1255899, member: 66&quot;]I&#039;m betting that up until around 1862 people were very happy to get dollar coins.&nbsp; Just that most of them were Spanish milled dollars.&nbsp; US dollar coins didn&#039;t circulate except between 1840 and 1851 because at all other times they were worth more as metal than as money.&nbsp; The milled dollars circulated and people were happy to get them rather than paper because until 1862 all the paper was issued by the individual banks.&nbsp; There were thousands of different notes in circulation and you never knew what the paper being foisted off on you was really worth if anything.&nbsp; That was why there were various publications that listed all the different banks and the discount rates on their paper.&nbsp; Once the Federal paper was issued and accepted as solid the Federal paper DID become preferable to hauling around heavy silver dollars.[/QUOTE]</p><p><br /></p>

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