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Topic: Fourth Coinage Act


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  Bland-Allison Act - Wikipedia, the free encyclopedia
The Bland-Allison Act of 1878 was a response to the Fourth Coinage Act, or the "Crime of '73!" demonetizing silver.
Representative Richard P. Bland of Missouri introduced this bill for the free coinage of silver at ratio of 16:1 to gold.
The Bland-Allison Act was replaced in 1890 by the Sherman Silver Purchase Act.
en.wikipedia.org /wiki/Bland-Allison_Act   (156 words)

  
 Lalor, Cyclopaedia of Political Science, V.1, Entry 243, COINAGE: Library of Economics and Liberty   (Site not responding. Last check: 2007-08-08)
By the act of March 3, of that year, branch mints were established at Charlotte, N. C., and at Dahlonega, Ga., for the coinage of the gold mined in the vicinity of those places; and at New Orleans, for the coinage of silver imported from Mexico.
Coinage was suspended at New Orleans from the commencement of the war in 1861, until 1878.
—The coinage act of 1873 created the mint bureau as a special division of the treasury department, with the director of the mint as the chief officer, under the general direction of the secretary of the treasury.
www.econlib.org /library/YPDBooks/Lalor/llCy243.html   (3567 words)

  
 [No title]
Coinage Act, 1873, United States: "An Act revising and amending the Laws relative to the Mints, Assay, offices, and Coinage of the United States." With the passage of this Act, the US Congress demonetised silver and established its participation in the international gold standard.
The gain arising from the coinage of such silver bullion into coin of a nominal value exceeding the cost thereof shall be credited to a special fund denominated the silver-profit fund.
The gain arising from the coinage of such metals into coin of a nominal value, exceeding the cost thereof, shall be credited to the special fund denominated the minor-coinage profit fund; and this fund shall be charged with the wastage incurred in such coinage, and with the cost of distributing said coins as hereinafter provided.
www.gold.org /value/reserve_asset/history/monetary_history/vol2/1873feb12.html   (1334 words)

  
 THE COINAGE ACT OF 1792
Quarter Dollars—each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
The acts establishing and regulating the mint of the United States, and for regulating coins, have been: An act establishing a mint and regulating the coins of the United States passed April 2, 1792, chap.
14; an act amendatory of an act establishing the branch mint at Danlonega, Georgia, and defining the duties of the assayer and coiner, February 27, 1843, chap.
landru.i-link-2.net /monques/coinageact.html   (1119 words)

  
 Coinage Act, 1792 (The Mint Act)
The Engraver shall sink and prepare the necessary dies for such coinage, with the proper devices and inscriptions, but it shall be lawful for the functions and duties of Chief Coiner and Engraver to be performed by one person.
Quarter Dollars--each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
Dimes--each to be of the value of one tenth of a dollar or unit, and to contain thirty-seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifth parts of a grain of standard silver.
www.classbrain.com /artteenst/publish/printer_131.shtml   (869 words)

  
 Encyclopedia: United States Mint
Bohland is responsible for producing and circulating coinage for the United States to conduct its trade and commerce.
The history of computers was created by Congress with the Coinage Act on April 2, 1792, within the Department of State, located in Philadelphia.
The Mint was made an independent agency in 1799, and under the Coinage Act of 1873, became part of the Department of the Treasury.
www.nationmaster.com /encyclopedia/United-States-Mint   (3798 words)

  
 Jevons, Money and the Mechanism of Exchange, Chapter 10: Library of Economics and Liberty
The Coinage Act also legalizes the issue of two- and five-pound gold pieces, the weights and remedies in weight being corresponding multiples of those of the sovereign.
The new Coinage Act maintains the chief provisions of that of 1816, so that the English shilling now has the weight of 87.27272 grains of standard silver (5.65518 grams), and the weights of all the other silver coins are exactly corresponding multiples or submultiples of this.
A considerable profit therefore accrues upon the coinage of bronze, amounting up to the end of 1871 to about £270,000; but the reduction of weight is altogether an advantage, and is probably not carried as far as it might properly be done.
www.econlib.org /library/YPDBooks/Jevons/jvnMME10.html   (4277 words)

  
 What is a Dollar?
Congress by their Act of the 6th July last resolved, that the Money Unit of the United States should be a Dollar, but did not determine what number of grains of Fine Silver should constitute the Dollar.
and affixed the penalty of death for the crime of debasing the coinage.
55 Section 11 of the Coinage Act was clearly constitutional in 1792, representing as it did a reasonable means of "regulat[ing] the Value" of gold coins as against the (silver) "dollar" in an era in which financial data were uncertain and difficult to communicate with dispatch.
www.fame.org /HTM/Vieira_Edwin_What_is_a_Dollar_EV-002.HTM   (6411 words)

  
 Glass-Steagall Act -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-08-08)
The second, also known as the "Banking Act of 1933", enacted June 16 1933, by President (additional info and facts about Franklin D. Roosevelt) Franklin D. Roosevelt, attempted to make banking safer and less prone to speculation.
Both acts were reactions of the government to cope with the economic problems which followed the ((computer science) an event that causes a computer system to become inoperative) crash of 1929.
Note that the Banking Act of 1933 should not be confused with the "Emergency Banking Act" of March 9, 1933, which officially took the United States off the gold standard, barred Americans from possessing gold and gave the president wide latitude to dictate monetary rules and policy.
www.absoluteastronomy.com /encyclopedia/G/Gl/Glass-Steagall_Act1.htm   (375 words)

  
 FRB: Speech, Meyer -- The Future of Money and of Monetary Policy -- December 5, 2001
Moreover, it is not clear that the private issuers would have the appropriate incentives to hold capital and act as lender of last resort in a crisis.
Ultimately, it is essential, in my view, to require the central bank to act in the national interest and not as a profit-maximizing firm and that the government back it in a crisis to ensure that it has the ability to take any required actions without being constrained by its own financial resources.
The precise language of the Federal Reserve Act, as amended in 1977, is that the Federal Reserve should promote price stability and "maximum employment." To ensure the consistency between the two objectives, the latter objective has been interpreted as maximum "sustainable" employment or "full employment," meaning the maximum employment level sustainable without rising inflation.
www.federalreserve.gov /boarddocs/speeches/2001/20011205   (10848 words)

  
 NESARA-The Coinage Act of 1792
The Engraver shall sink and prepare the necessary dies for such coinage, with the proper devices and inscriptions, but shall be lawful for the functions and duties of Chief Coiner and engraver to be preformed by one person.
QUARTER DOLLAR —each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
DISMES —each to be of the value of one tenth of a dollar or unit, and to contain thirty- seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifths parts of a grain of standard silver.
nesara.org /articles/coinage_act_of_1792.htm   (904 words)

  
 LCRBMRP-T0C02
The truth is, that free coinage will benefit the mine owner, the mine laborer, the coal operator, the coal digger, the owners of railroads, railway employes, foundry and factory owners, the operatives of the same, farmers and farm laborers, and merchants and all business men except those directly interested in gold or gold mining.
This act was known as "An Act Establishing a Mint and Regulating the Coinage of the United States." The dollar coined by this act contained 371 4-16 grains of pure silver, or 416 grains of standard silver.
The sixth act was passed in February, 1862, and is known as the "Legal Tender Act." By this act $300,000,000 in greenbacks were issued.
lcweb2.loc.gov /rbc/lcrbmrp/t0c/t0c02.sgm_old   (7646 words)

  
 British Royal Mint - Maundy Money
In the eighteenth century the act of washing the feet of the poor was discontinued and in the nineteenth century money allowances were substituted for the various gifts of food and clothing.
The sterling silver standard (92.5%) was resumed following the Coinage Act of 1946 and in 1971, when decimalisation took place, the face values of the coins were increased from old to new pence.
The effigy of The Queen on ordinary circulating coinage has undergone three changes, but Maundy coins still bear the same portrait of Her Majesty prepared by Mary Gillick for the first coins issued in the year of her coronation in 1953.
www.royalmint.com /RoyalMint/web/site/Corporate/Corp_british_coinage/Maundy_Money.asp   (479 words)

  
 Summary of the proceedings of the committee
The Coinage Act of 1926, which became law on the 13th April in that year, empowered the Minister for Finance to provide and issue, silver, nickel and bronze coins.
The Act prescribed the denominations and weights of the coins and the metals of which they were to be composed, but it did not determine their designs: it left the choice of designs to the Minister for Finance and gave him power to prescribe the designs by Order.
At the fourth meeting, held on the 22nd July, the Committee considered the recommendations received in response to their request for suggestions, and proceeded to a decision as to the subjects which they would recommend to the Government for incorporating in the designs.
www.geocities.com /eirecoins/summary.htm   (2959 words)

  
 COINAGE ACT 1953   (Site not responding. Last check: 2007-08-08)
AN ACT authorizing the issue of bronze coinage of a denominational value not exceeding three thousand pounds sterling, sanctioned by Order of Her Majesty in Council of the
is hereby authorized to issue bronze coinage of a denominational value not exceeding three thousand pounds sterling.
Coins issued in pursuance hereof shall be in denominations of one twelfth of a shilling and one twenty-fourth of a shilling and shall be issued under the direction of the Finance Committee
home.hiwaay.net /~hfears/Law/Misc/Law24_1953.htm   (125 words)

  
 US Currency from South Western Collectibles Grading Service
The fourth issue, authorized by an Act of Congress on March 3, 1863 were issued in denominations from $1 to $10,000.
Due to the Silver Purchase Act of 1934, the redemption clause was changed to allow redemption in Silver Dollars or Silver bullion and in March 1964, the Secretary of the Treasury halted redemption in Silver Dollars.
The fourth issue consisted of series 1882 and was printed in denominations of $20, $50, $100, $500, $1,000, $5,000 and $10,000.
www.swcgs.com /US_Currency.html   (3353 words)

  
 S.M. Brice, Financial Catechism, appendix   (Site not responding. Last check: 2007-08-08)
That a mint for the purpose of a national coinage be and the same is established, to be situated and carried on at the seat of government of the United States for the time being.
And said act, entitled “An act amendatory of existing laws relative to the half-dollar, quarter-dollar, dime and half-dime,” shall take effect and be in force from and after the first day of April, 1853, anything to the contrary notwithstanding.
The act of coining money consists in affixing to that which is to constitute money, the stamp or seal of sovereign authority by which it may be recognized and known in market as authoritatively entitled to be received at the price or value stamped thereon.
yamaguchy.netfirms.com /brice/brice_11.html   (7385 words)

  
 [No title]
Section seven of the principal Act shall not apply to such coins as the Mint is required by arrangements made in pursuance of this Act to exchange.
The Isle of Man shall for the purposes of the principal Act and this Act be deemed to be part of the United Kingdom.
This Act shall not apply to any British possession, but it shall be lawful for Her Majesty by proclamation to direct that any part of this Act is to apply to a British possession with or without modifications, and any such part shall thereupon apply accordingly.
www.gold.org /value/reserve_asset/history/monetary_history/vol2/1884may2.html   (547 words)

  
 Dollar - Metaweb   (Site not responding. Last check: 2007-08-08)
Sherman was also largely responsible for the passage of the Mint Act in 1792 (http://www.shermandollar.us/act1792.htm), also known as The Coinage Act, which established the United States Mint and set standards of coinage, although the common history credits its passage to Alexander Hamilton.
The Gold Coinage Act was an act of the United States Congress which allowed for the minting of gold coins.
In 1921, the coinage of the Morgan Dollar resumed for that year and was replaced by the Peace Dollar commemorative that would become standard issue.
www.metaweb.com /wiki/wiki.phtml?title=Dollar&printable=yes   (5727 words)

  
 Part 8: Twelve Pence to a Shilling -- Queen Elizabeth II   (Site not responding. Last check: 2007-08-08)
This issue was authorized by the Coinage Act of 1951 and the Coinage Act of 1953.
Although the Coinage Act of 1953 authorized the issue of one twenty-fourth of a shilling coins, none were minted.
The 1957 issue was authorized by the Coinage Act of 1956.
home.hiwaay.net /~hfears/pen12/pen12_el.htm   (374 words)

  
 FSO Editorials: "Honest Money, Part I & II" by Douglas V. Gnazzo 10/20/2004   (Site not responding. Last check: 2007-08-08)
Various subsequent coinage acts, however, and the generally false beliefs of both government officials and the public at large, that such legislation was intended to, and did perpetuate; have seemingly changed the definition of the “dollar” from the original intent of the Constitution.
The Coinage Act of 1792 was the legislative means to implement by statute, the monetary system of the government, according to the monetary powers granted in the Constitution.
We further find in the Coinage Act of 1792, that the money of account of the United States shall be denominated in dollars or units of the value of a Spanish Silver Dollar, as was current at the time (1792).
www.financialsense.com /editorials/2004/1020.html   (4993 words)

  
 [No title]
Quarter Dollars QUARTER DOLLAR--each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
Dismes DISMES--each to be of the value of one tenth of a dollar or unit, and to contain thirty- seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifths parts of a grain of standard silver.
Half Cents HALF CENTS--each to be of the value of half a Act of May 8, a cent, and to contain five penny-weights and 1792.
www.constitution.org /uslaw/coinage1792.txt   (551 words)

  
 THE ENEMY IN THE MIRROR
However, the Act to Devalue the Subsidiary Silver Coinage of February 21, 1853 2 reduced the weights of the dime, quarter, and half dollar to 173.61 grains (0.3617 troy ounce), 86.805 grains (0.1808 troy ounce), and 34.722 grains (0.07234 troy ounce), respectively, and made them legal tender for $10.00 only.
The Coinage Act of 1837 4 minutely reduced the weight of gold valued at one dollar to 23.22 grains of fine gold (0.04375 troy ounce or 1.5046 grams), 20.6718 dollars to the ounce.
The Gold Standard Act of March 14, 1900 5 defined a dollar of gold as a weight of fine gold (24 karat) of 23.22 grains (0.04375 troy ounce or 1.5046 grams), 20.6718 dollars to the ounce, no different from the Coinage Act of 1837.
www.freerepublic.com /focus/news/669001/posts   (1976 words)

  
 Elgin Coin Club Newsletter, August, 2002
The first thread is the coinage act of 1965 later amended by the coinage act of 1969.
The coinage act of 1965 called for the removal of all silver from dimes and quarters and reducing the silver content of half dollars.
After the coinage act of 1969 was passed the first question was what kind of dollar would be struck.
www.worksandwords.com /coins/ecc/ecc0208.htm   (2490 words)

  
 United States Mint   (Site not responding. Last check: 2007-08-08)
The United States Mint is responsible for producing and circulating coinage for the United States to conduct its trade and commerce.
The Mint was created by Congress with the Coinage Act on April 2, 1792, within the Department of State, located in Philadelphia.
Mintmarks were first introduced on the obverse of the nickel, the dime, the quarter, and the half dollar in 1968.
www.worldhistory.com /wiki/U/United-States-Mint.htm   (1315 words)

  
 Medieval Sourcebook: Medieval Legal History
Fourth Ecumenical: Chalcedon, 451, canons and commentary on the Council of Chalcedon from Volume XIV of Nicene and Post Nicene Fathers.
Fourth Council of Toledo: Division of the Tithe in Spain, 633
The Act of Parliament settling the crown on Richard III.
www.fordham.edu /halsall/sbook-law.html   (4132 words)

  
 Coinage Act of April 2, 1792
And be it further enacted, That the Director of the mint shall employ as many clerks.
--each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
Act of April 24, 1800, how the director may exchange coins therefor, deducting half per cent.
www.silverbearcafe.com /coinage_act.html   (834 words)

  
 MSN Encarta - Search View - Colorado
Colorado is the nation’s fourth largest producer of cattle.
In 1873 the U.S. Congress had passed the Coinage Act, which authorized the U.S. Treasury to stop minting silver dollars.
Silver-mining companies in Colorado and the other Western states vehemently protested against the Coinage Act, which they called the “Crime of ‘73.” For nearly 25 years silver interests in Western states urged Congress to begin the unlimited coinage of silver dollars, a position called free silver.
encarta.msn.com /text_761557361__1/Colorado.html   (10961 words)

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