Etymology:
The term "shinplaster" originated from the slang used in the American frontier during the 19th century.
Meaning:
A shinplaster is an obsolete type of paper money issued by private banks or merchants in denominations of less than one dollar.
Origin:
Shinplaster banknotes were prevalent in the early 19th century, particularly in the Midwestern and Southern United States. They were often used as a form of local currency in areas where there was a shortage of official banknotes from national banks.
The name "shinplaster" is thought to have originated from the practice of sticking these small banknotes to one's leg, specifically the shin, to prevent them from blowing away or getting lost. The term "plaster" in this context refers to a small, flat patch of adhesive material.
Shinplaster banknotes were typically issued in denominations ranging from 6 1/4 cents to 50 cents. They often featured colorful designs and decorative elements and were printed on inexpensive paper. Some shinplaster banknotes even had humorous or satirical images printed on them.
The use of shinplaster banknotes declined in the latter half of the 19th century as national banks became more prevalent and the federal government assumed a greater role in regulating the currency.
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