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Hey Buddy, Can You Spare a Dime? Part 1
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<p>[QUOTE="Conder101, post: 4357207, member: 66"]Couple comments. Russia adopt a decimal coinage system in 1710. They were the first country to adopt it. Maybe Jefferson modeled our system on theirs.</p><p><br /></p><p>Some references have said that Jefferson paid the coiner and assayers bonds some have said Rittenhouse. Actually neither of them did. </p><p><br /></p><p>Through Jeffersons intersession the bonds were reduced to $5,000 for the coiner and $1,000 for the assayer. However neither the coiner nor the assayer were yet able to post the bonds on their own. The assayer Albion Cox's bond was posted by Charles Gilchrist. Somewhere I have copies of the bonds. Found Henry Voights bond, his was posted by himself and a group of four others Frederick Augustus Muhlenberg, Peter Muhlenberg, Henry Kammeret, and Nickolas Lutz. Gilchrist was probably sorry he posted Cox's bond. When the assayer died in office, upon settling his accounts at the mint there was a shortage of about $941 which would have come out of Gilchrist's bond.</p><p><br /></p><p>There are 2 known examples of the 1796 dime without the cud at star 1, one is from a perfect die, and the other shows the die crack showing where the piece would drop out of the die to form the cud.</p><p><br /></p><p>Several dies were used on both the quarter eagle and the dime, they were always used on the quarter eagles first, retired from use there, and then used on the dimes. There is no case where a die was first used on the dime.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4357207, member: 66"]Couple comments. Russia adopt a decimal coinage system in 1710. They were the first country to adopt it. Maybe Jefferson modeled our system on theirs. Some references have said that Jefferson paid the coiner and assayers bonds some have said Rittenhouse. Actually neither of them did. Through Jeffersons intersession the bonds were reduced to $5,000 for the coiner and $1,000 for the assayer. However neither the coiner nor the assayer were yet able to post the bonds on their own. The assayer Albion Cox's bond was posted by Charles Gilchrist. Somewhere I have copies of the bonds. Found Henry Voights bond, his was posted by himself and a group of four others Frederick Augustus Muhlenberg, Peter Muhlenberg, Henry Kammeret, and Nickolas Lutz. Gilchrist was probably sorry he posted Cox's bond. When the assayer died in office, upon settling his accounts at the mint there was a shortage of about $941 which would have come out of Gilchrist's bond. There are 2 known examples of the 1796 dime without the cud at star 1, one is from a perfect die, and the other shows the die crack showing where the piece would drop out of the die to form the cud. Several dies were used on both the quarter eagle and the dime, they were always used on the quarter eagles first, retired from use there, and then used on the dimes. There is no case where a die was first used on the dime.[/QUOTE]
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