in specie
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
One soldier in the Continental Army, Joseph Plumb Martin, recounted how he received no pay in paper money after 1777 and only one month’s payment in specie, or hard currency, in 1781.
From Textbooks ● Dec. 30, 2014
During the War of 1812, the Bank of the United States had suspended payments in specie, “hard money” usually in the form of gold and silver coins.
From Textbooks ● Dec. 30, 2014
In proportion to the length of time that must elapse before any bank bills, treasury notes, or other commercial paper can be paid in specie, does its value increase or diminish in commercial transactions.
From Monopolies and the People by Cloud, D. C.
The demands were met in a niggardly manner; between November, 1777, and February, 1781, the moneys received, figured in specie value, amounted to only $2,737,000.
From The Colonization of North America 1492-1783 by Bolton, Herbert Eugene
They direct, among other things, that bills be issued, redeemable in specie, with interest, at the expiration of six years.
From The Diplomatic Correspondence of the American Revolution Volume 7. by Various
