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pieces were struck. These are held in the most sacred reverence by the few fortunate collectors of coins who possess them. Because of the cessation in the coinage of the silver dollar, there was a steady increase in the coinage of the half-dollar and other fractions of the dollar until 1834, when $3,260,000 in halves were coined and issued. Yet the public demand for a metallic currency so continually increased that Congress passed an act (Jan. 25, 1834) making the dollars of Mexico, Peru, Chile, and Central America, of a given weight and certain fineness, a legal tender in payment of debts. The object was, as the United States was not then a silver-producer, to economize the importation and use of the silver of other countries. The act approved June 28, 1834, left the silver dollar at its original weight and fineness; but in 1837 there was a radical change made by act approved Jan. 18, 1837. The change was in the fineness of both the gold and the silver coins. By increasing t
United States (United States) (search for this): entry silver-dollar-the
Silver dollar, the Among the coins to be struck at the United States mint, under the provisions of the act of Congress approved April 2, 1792, was a silver dollar of the weight of 416 grains. It was enacted that all silver coins of the United States should be 1,485 parts fine to 179 parts alloy; the former to be of pure silver and the latter of pure copper. The silver dollar was not coined until 1794. It was adorned with a head of Liberty. These dollars continued to be coined at the m currency so continually increased that Congress passed an act (Jan. 25, 1834) making the dollars of Mexico, Peru, Chile, and Central America, of a given weight and certain fineness, a legal tender in payment of debts. The object was, as the United States was not then a silver-producer, to economize the importation and use of the silver of other countries. The act approved June 28, 1834, left the silver dollar at its original weight and fineness; but in 1837 there was a radical change made
Mexico (Mexico, Mexico) (search for this): entry silver-dollar-the
half-dollar and other fractions of the dollar until 1834, when $3,260,000 in halves were coined and issued. Yet the public demand for a metallic currency so continually increased that Congress passed an act (Jan. 25, 1834) making the dollars of Mexico, Peru, Chile, and Central America, of a given weight and certain fineness, a legal tender in payment of debts. The object was, as the United States was not then a silver-producer, to economize the importation and use of the silver of other countins, and 900 fine, contained 7 1/2 grains more than the dollar of 1837. It was not intended for circulation at home, but for trade with Japan and other Eastern countries. The object of issuing it was to compete, if possible, with the dollars of Mexico and Spain, and to encourage the shipment of American silver to the East Indies, for the country had suddenly become a silver-producer. In 1878 an act was passed providing for the coinage of a silver dollar weighing 412.5 grains, and declaring th
ck. These are held in the most sacred reverence by the few fortunate collectors of coins who possess them. Because of the cessation in the coinage of the silver dollar, there was a steady increase in the coinage of the half-dollar and other fractions of the dollar until 1834, when $3,260,000 in halves were coined and issued. Yet the public demand for a metallic currency so continually increased that Congress passed an act (Jan. 25, 1834) making the dollars of Mexico, Peru, Chile, and Central America, of a given weight and certain fineness, a legal tender in payment of debts. The object was, as the United States was not then a silver-producer, to economize the importation and use of the silver of other countries. The act approved June 28, 1834, left the silver dollar at its original weight and fineness; but in 1837 there was a radical change made by act approved Jan. 18, 1837. The change was in the fineness of both the gold and the silver coins. By increasing the fineness, a c
00 of the new design of the silver dollar. There was no popular demand for this coin; but the dollar was issued from the mint from time to time until April 1, 1873, when the dollar of 1792 and 1837 ceased to have a place in the national coinage, the issue having been discontinued by act of Congress passed Feb. 12, 1873. The trade dollar, weighing 420 grains, and 900 fine, contained 7 1/2 grains more than the dollar of 1837. It was not intended for circulation at home, but for trade with Japan and other Eastern countries. The object of issuing it was to compete, if possible, with the dollars of Mexico and Spain, and to encourage the shipment of American silver to the East Indies, for the country had suddenly become a silver-producer. In 1878 an act was passed providing for the coinage of a silver dollar weighing 412.5 grains, and declaring the trade dollar not a legal tender for any sum. The latter almost immediately disappeared from circulation. The silver dollar which took it
twenty pieces were struck. These are held in the most sacred reverence by the few fortunate collectors of coins who possess them. Because of the cessation in the coinage of the silver dollar, there was a steady increase in the coinage of the half-dollar and other fractions of the dollar until 1834, when $3,260,000 in halves were coined and issued. Yet the public demand for a metallic currency so continually increased that Congress passed an act (Jan. 25, 1834) making the dollars of Mexico, Peru, Chile, and Central America, of a given weight and certain fineness, a legal tender in payment of debts. The object was, as the United States was not then a silver-producer, to economize the importation and use of the silver of other countries. The act approved June 28, 1834, left the silver dollar at its original weight and fineness; but in 1837 there was a radical change made by act approved Jan. 18, 1837. The change was in the fineness of both the gold and the silver coins. By increa
92 and 1837 ceased to have a place in the national coinage, the issue having been discontinued by act of Congress passed Feb. 12, 1873. The trade dollar, weighing 420 grains, and 900 fine, contained 7 1/2 grains more than the dollar of 1837. It was not intended for circulation at home, but for trade with Japan and other Eastern countries. The object of issuing it was to compete, if possible, with the dollars of Mexico and Spain, and to encourage the shipment of American silver to the East Indies, for the country had suddenly become a silver-producer. In 1878 an act was passed providing for the coinage of a silver dollar weighing 412.5 grains, and declaring the trade dollar not a legal tender for any sum. The latter almost immediately disappeared from circulation. The silver dollar which took its place was placed legally on an equality with gold. The unpopularity of the old silver dollar is made manifest by the fact that of the total silver coinage of $145,141,884, issued betwe
the provisions of the act of Congress approved April 2, 1792, was a silver dollar of the weight of 416 grains. It was enacted that all silver coins of the United States should be 1,485 parts fine to 179 parts alloy; the former to be of pure silver and the latter of pure copper. The silver dollar was not coined until 1794. It was adorned with a head of Liberty. These dollars continued to be coined at the mint until the close of 1803, when their coinage was stopped, it is said, by President Jefferson, because it stimulated the exportation of silver from the country. Yet during the years 1804-5 there were issued from the mint silver dollars of the coinage of former years to the amount of $19,891. The dies had been prepared for issuing the dollar of 1804, but not more than twenty pieces were struck. These are held in the most sacred reverence by the few fortunate collectors of coins who possess them. Because of the cessation in the coinage of the silver dollar, there was a steady
e having been discontinued by act of Congress passed Feb. 12, 1873. The trade dollar, weighing 420 grains, and 900 fine, contained 7 1/2 grains more than the dollar of 1837. It was not intended for circulation at home, but for trade with Japan and other Eastern countries. The object of issuing it was to compete, if possible, with the dollars of Mexico and Spain, and to encourage the shipment of American silver to the East Indies, for the country had suddenly become a silver-producer. In 1878 an act was passed providing for the coinage of a silver dollar weighing 412.5 grains, and declaring the trade dollar not a legal tender for any sum. The latter almost immediately disappeared from circulation. The silver dollar which took its place was placed legally on an equality with gold. The unpopularity of the old silver dollar is made manifest by the fact that of the total silver coinage of $145,141,884, issued between 1794 and 1873, only $8,045,838 were in dollar pieces. A large por
or circulation at home, but for trade with Japan and other Eastern countries. The object of issuing it was to compete, if possible, with the dollars of Mexico and Spain, and to encourage the shipment of American silver to the East Indies, for the country had suddenly become a silver-producer. In 1878 an act was passed providing for the coinage of a silver dollar weighing 412.5 grains, and declaring the trade dollar not a legal tender for any sum. The latter almost immediately disappeared from circulation. The silver dollar which took its place was placed legally on an equality with gold. The unpopularity of the old silver dollar is made manifest by the fact that of the total silver coinage of $145,141,884, issued between 1794 and 1873, only $8,045,838 were in dollar pieces. A large portion of these were issued for manufacturers. But of the new silver dollar the total coinage in the year 1890 was $380,988,466, and of this amount 56,278,749 dollar pieces were in actual circulation.
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