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The double tenth, equal to 2/10, or one fifth of a dollar, or to the pistereen: 4. The tenth, equal to a Spanish bit: 5. The five copper piece, equal to 5/100 or one twentieth of a dollar, or the half-bit. The plan reported by the Financier is worthy of his sound judgment. It admits, however, of objection, in the size of the Unit.
Perhaps it would not be amiss to coin three, more pieces of silver, one of the value of five tenths, or half a dollar, one of the value of two tenths, which would be equal to the Spanish pistereen, and one of the value of five coppers, which would be equal to the Spanish half-bit. We should then have five silver coins, viz. The Unit or Dollar: 2. The half dollar or five tenths: 3.
In Virginia, where our towns are few, small, and of course their demand for necessaries very limited, we have never yet been able to introduce a copper coin at all. The smallest coin which any body will receive there, is the half-bit, or 1/20 of a dollar.
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