Monday, March 28, 2016

WHY NOT PAY CASH?

Never before in the history of mankind have we experienced the true meaning of money. Since 1792 with the mintage of the Liberty Cap coinage inspired the coinage of coins. There was a patriotic spirit that got the presses working. As an agrarian society The Libertas American Medal celebrated 4 July, 1776, a date we all know and revere.

A new Nation knew of coins only. Half-Cents, One Cents and later Two Cents, Three Cents and bigger coins such as Twenty Cents, Quarter Dollars, and Capped coins in design with Bust Half Dollars and the like From the get-go,





 
 

 
 

 
 

gold pieces were not considered spare change. Capped Bust and Heraldic gold pieces were fashioned for America's well todo.

Silver dollars were also minted and the famed 1804 Silver Dollar was preceded by the Draped Bust Small Eagle variety. As America grew her economy grew. The Industrial Revolution wiped out many farmers and gave them work in the thousands of factories particularly in the East. Mints blossomed up in Philadelphia, New Orleans, San Francisco, Denver  and Dahlonega Georgia and much later, West Point.

Barter was one method of trade. Then came the Civil War. Fear and some panic settled in and Fractional Currency   was necessitated to replaced coins that were hoarded. Ten Cents, Twenty Five Cents    and Fifty Cents in particular were used by merchants. The money world of the USA began to change..(no pun intended.)

Large bills emerged in the 1880s. American Currency had become of age. Steam presses and talented engravers necessitated man to carry wallets. With this novelty, so it seemed, came another revolution of sorts: credit. As the song goes.. "Money Makes The World Go Around."     But today, the Space Age is giving us a whole new take on cash.

In the past few years currency seems to be disappearing even more. Merchants and banks admit to "swiping" most of their sales. While this is expedient, swiping can lead to a certain fault.

Of recent times I have reverted to cash as a way of life and living. On Line banking is good but it can be bad. So what's the recourse? Maybe a little more of both.. thrift and an awareness of what's going on not a rampant swipe? Money will always be in the news and having enough is always the ultimate challenge!

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