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{{refimprove|date = June 2020}}
{{short description|Paper money of low denomination}}
[[File:Shinplaster Canada 1870.jpg|thumb|Canadian 25¢ "shinplaster", front and back (1870)]]
[[File:25cents canada1900.jpg|thumb|Canadian 25¢ "shinplaster", front (1900)]]
[[File:25cents canada1923.jpg|thumb|Canadian 25¢ "shinplaster", front (1923)]]
[[File:25cents revers canada 1900-1923.jpg|thumb|Canadian 25¢ "shinplaster", back (1900 / 1923)]]
'''Shinplaster''' was
==Etymology==
The term ''shinplaster'' came into use during the [[American Revolutionary War]]. Shinplaster was a piece of paper soldiers put
▲The term ''shinplaster'' came into use during the [[American Revolutionary War]]. Shinplaster was a piece of paper soldiers put in front of their boots to cushion their shins against chafing and rash (see [[Adhesive bandage|plaster]]).<ref>{{cite web|title=Word of the Day: shinplaster|url=http://www.merriam-webster.com/word-of-the-day/2014/05/15/|website=Merriam-Webster|accessdate=3 March 2015|date=May 15, 2014}}</ref> Common, low-demonination notes, perceived as almost worthless compared to [[hard currency]] such as gold and silver, came to be known by this term.
==United States==
{{see also|Fractional currency}}
Private issues from stores, bank issues and tokens as well circulated as a method of accomplishing commercial transactions from 1837 to 1861. Shinplasters circulated in many parts of the western frontier during the mid 1800s, including in the [[Republic of Texas]] during its early days.<ref>{{cite web|url=http://www.houstoncoins.com/blog/currency-of-the-republic-of-texas/|title=How the Republic of Texas began its Paper Money Career|date=September 6, 2016|work=Currency of the Republic of Texas|accessdate=2019-07-12}}</ref> The breadth of these private systems and the lack of integrity and security caused Francis
Shinplasters circulated in the United States from 1861 to 1869, during the Civil War and the
The
==Canada==
In Canada, the term ''shinplaster'' was widely used for 25-cent paper monetary notes which circulated in the late 19th and early 20th centuries. The first design was printed on March 1, 1870, and the final design was first printed on July 2, 1923.<ref>[http://www.banknote.ws/COLLECTION/countries/AME/CAN/CAN-DOM.htm#DOMINION_OF_CANADA DOMINION OF CANADA 1870-1923 Fractional "Shinplaster" Issue] Banknote.ws</ref>
The term likely arose from the previously issued 5
==Australia==
Shinplasters, or "calabashes" (as they were known in southern Queensland), were a feature of the [[Squatting (pastoral)|Squatters]]' vast pastoral enterprises, and often circulated in the towns of the bush alongside and in place of legal tender. These private [[IOU (debt)|IOUs]] circulated widely, at times making up the bulk of cash in circulation, especially in the 1840s and
In some places they formed the core of a company shop economy ([[Truck system]]), circulating as [[Private currency|private currencies]]. They were often of such low quality that they could not be hoarded, and shopkeepers off the property would not take them, as
There are tales of unscrupulous shopkeepers and others baking or otherwise artificially aging their calabashes given as change to travelers so that they crumbled to uselessness before they could be redeemed.<ref name=D/>
== See also ==
* {{annotated link|fishwrapper}}-->
==References==
{{Portal|Money|Numismatics}}
{{Reflist}}
* Rolnick, Arthur J. & Warren E. Weber, "Free Banking, Wildcat Banking and Shinplasters," ''Federal Reserve Bank of Minneapolis Quarterly Review,'' Vol. 6, No. 3, Fall 1982. http://minneapolisfed.org/research/qr/qr632.html
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