shinplaster\
SHIN-plass-ter\ noun
1: a piece of
privately issued paper currency; especially : one poorly secured and
depreciated in value
2: a piece of
paper money in denominations of less than one dollar
EXAMPLES:
It was the
same during the Civil War when the government again turned to the printing
press to finance the war. So-called 'greenbacks' … and 'shinplaster...s,' paper
5-, 10-, 25- and 50-cent pieces, were printed by the thousands to help pay
Union soldiers and relieve a coin shortage caused by hoarding." — From an
article by John Schmeltzer in the Chicago Tribune, May 12, 1995
"'Some
Canadians consider the penny more of a nuisance than a useful coin,' the budget
documents said. And so the coin will go the way of the old 25-cent shinplaster."
— From an article by John Ward of The Canadian Press, March 29, 2012
DID YOU KNOW?
In
the past, "shinplaster" referred to a small, square patch of paper
that was used as a plaster in treating sore legs. In 19th-century America, the
term "shinplaster" was applied to another paper Band-Aid fix: the
privately-issued, poorly-secured notes substituted for the coins withdrawn from
current circulation. The lexical currency of "shinplaster" spiked
when it began being used for the paper money in denominations of less than a
dollar—a.k.a. "fractional currency"—issued by the United States
government after the depression of 1837 and during the Civil War. In 1870, the
U.S.'s neighbor to the north, Canada, issued its own shinplaster, a 25-cent
note, which fell into disuse in the early 20th century.