We of to-day, with half dollars, quarter dollars, dimes, nickels, and pennies, often find it difficult to "make change." Still more difficult was it for the early settlers to do so.

As the Indians used wampum and the early settlers of Virginia, tobacco, so the pioneers of Kentucky used the skins of wild animals as their first currency. While immigrants continued to come to this region, Spanish silver dollars came gradually into circulation. Still there was no small change.

As "Necessity is the mother of invention," our forefathers actually made change by cutting the dollar into four equal parts, each worth twenty-five cents. These were again divided, each part worth twelve and one half cents, called bits. People sometimes became careless in the work of making change and often cut the dollar into five "quarters" or into ten "eighths." On account of the wedge shape of these pieces of cut money, they were called "sharp shins."

If change was needed for a smaller sum than twelve and one half cents, merchants gave pins, needles, writing paper, and such things.

This cut silver gradually found its way back to the mint for recoinage, usually to the loss of the last owner. As late as 1806, a business house in Philadelphia received over one hundred pounds of cut silver, brought on by a Kentucky merchant, which was sent on a dray to the United States Mint for recoinage.