BigBobBow
Jr. Member


When copper coins or smaller denomination silver wasn't available, coins were cut to make change for small purchases. The practice was common in Europe in the days of hammered silver coinage. The most commonly cut coins in the US are the Spanish Milled Reales. The cross on those coins made cutting much more convenient. The cut pieces were known as "bits", sharp silver and frontier change. Finding cut pieces usually means that significant trade was conducted in the area and the chance of finding more coins is strong. An Oak or Pine Tree Shilling had a value of 12 pence, which would mean that the bits we have found were worth 2-3 pence apiece depending on how much they weighed.
Very nice summary Jason. There was a considerable amount of commerce here in southeast Virginia during the 17th and 18th centuries due to all the early plantations and navigable waterways, especially due to the growing of tobacco. This probably accounts for the large number of cut coins I've dug around here. I think 72 or 73 of my 150 colonial silver coins were cut, and most were 90 degree wedges. Another oddity is that we find very few early coppers in this area. Things seem to be reversed up north. I'm sure commerce is largely responsible for that.
View attachment 906426
Hope you find a few more to Ox. Here is what I have found. I was wrong about my wholes, I have 5. Although a couple of them are near blank. Oh well. <img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=906749"/>