Dick Johnson submitted this entry from his Encyclopedia of Coin and Medal Terminology. Thanks. -Editor
This 2 bit specimen of a cut coin bears counterstamps in addition to being cut in quarters from a Spanish Piece-of-Eight for circulation in
Cut Coins. During shortages of small denomination coins, larger coins have been cut into smaller portions to make change for commerce. This was a widespread practice
in the Caribbean Islands in the late 18th century.
Wayne Homren, Editor
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