February 25th, 1862 First Legal Tender Act of 1862 is passed by US Congress, authorizing the United States note (greenback) into circulation, the first fiat paper money that is legal tender in America

Downeast Trading co. Inc.

We were founded in 1975 by Rick Winslow in Ogunquit, Maine in order to avoid full-time employment. At the time surfing was his first love. The company evolved from a hobby to a job to an obsession. Originally trading in turquoise, coral, heishe beads, silver, and stone, mostly out of the trunk of a Volkswagen bug, Downeast slowly transformed from a wholesaler of semi-precious stones, pearls, and findings, to an importer of Italian jewelry.

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