Sawbuck and the Roman numeral X (10), which formerly appeared on $10 bills. A "double sawbuck" is a twenty dollar bill. Sawbuck A sawbuck is a device for holding wood so that it may be cut into pieces. Easily made in the field from rough material, it consists of an "X" form at each end which are joined by cross bars below the intersections of the X's. The stock to be cut is placed in the V's formed above the intersections of the X's. A sawbuck is very simple to build. The five "V" sawbuck was designed with 10 vertical 2×4s,
Banknote for receipts. These became banknotes when the manager of the Bank decoupled the rate of note issue from the bank currency reserves. Three years later, the bank went bankrupt, after rapidly increasing the artificial money supply through the large-scale printing of paper money. A new bank, the "Riksens Ständers Bank" was established in 1668, but did not issue banknotes until the 19th century. The modern banknote rests on the assumption that money is determined by a social and legal consensus. A gold coin's value is simply a reflection of the supply and demand mechanism of a society exchanging goods in