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In 1858, currency in the western US was mostly of three types. First, was coinage minted by the US mints in denominations ranging from a half cent to 10 dollars. Second was paper money issued by banks and state governments denominated in cents and dollars. Third was coinage minted by mining companies, banks, and a variety of other businesses, usually also denominated in cents and dollars. Foreign currency was also accepted in some places, especially if it was to the same standards of weight and purity as US currency.

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