Historical Photos - Money

One of the very serious drawbacks of both paper money and coins was the real possibility that a less than honest citizen would print their very own paper money which looked like the bills issued by the government, known as counterfeiting. Or manufacture coins which looked real but contained very little gold and silver,  known as coining. Ebenezer Ball, a Robbinston man, was a “coiner.” Moneymaker Lake in Robbinston is named after Ebenezer which we’re sure is of little consolation to him. In the early 1800s business transactions Downeast were conducted in coins like the 1798 Spanish doubloon, pictured, and there was a severe shortage of such coins. Ebenezer was engaged in rectifying this shortage at Moneymaker Lake by dipping pewter coins in a dish of molten gold and then stamping them with the imprint of the Spanish king, until he was discovered by Sam Jones, a local surveyor.