The republic. [volume] (Washington [D.C.]) 1849-1853, 1853-02-24
BY nth oRITY.
Law OF THE UNITED STATES,
Passed during the Second Session of The Tx;,tv.
second Congress
IPuaIIc Acr-Nn "a \

lPuslIc Acr-No. "a.
AN ACI amendatory of existing laws relative L
l we naf dollar, quarter dollar, dime and half
Bs 4 enacted By the Stmate and House Of Represen
tot'ces Of he United States of America in Cons
assembled, That from and after the 6rst day o.
June, eighteen hundred and fifty. two, the weight
OF the halt dollar piece of FIFTY cents shall be one
auna1ea ana nlnety-two grains, and the quarter.
dollar, dime, and half dime shall be- respectively
one half, one-fifth and one-tenth, of the weirbi
OF said half dollar 80
Ssc: 2. And be ii further enacted, That the silver
CONS issued in conformity with the above section
shall be legal tenders in payment of debts for ali
sums not exceeding Ave dollars.
oko. 8 Ind De q further enacted, That in order
70 procure bullion for the requisite coinage of the
soo DIVISIONS Of the dollar authorized by this act
the treasurer OF the mint shall with the annnoyal
OF inc director, purchase such bullion with the bull
non iund OF the mint. He shall charge himself
Wltn Inc gain arising from the coinage of such
ouinon into COINS Ola nominal value exceeding the
intrinsic value thereof and shall be credited with
tne difference between such intrinsic value and the
price paid for said bullion, and with the expense Of
distributing said coins as hereinafter provided.
= ne balances to his credit, or the profit of said
shall be, from time to time, on warrant of
the director OF the mint, transferred to the account
OF the treasury of the United States.
- SEC. 4. Ind be IL further enacted, That such
coins shall be-paid out at the mint in exchange for
gold coins at par, in sums not less than one hum
dred dollars; and it shall be lawful, also, to trans
init parcels of the same from time to time to the
assistant treasurers, deposaries, and other officers
OF the United States, under general regulations,
proposed by the director of the MINT and approved
by the Secretary of the Treasury: Provided ho,o-
ece, That the amount coined into quarter dollars
dimes, and alf-dimes, shall be regulated by the
Secretary of the Treasury.
SEC. s. lad be IL further enacted, That no de.
posts for coinage into the half dollar, quarter
dollar, dime, and half dime, shall hereafter be re-
celved, other than those made by the treasurer of
h1 haze ~, y - IL
ofthe United States.
SEC. g. Ind be 1t further enacted That at the
option OF the depositor gold or siver may be cast
into bars or ingots of either pure metal or of
Standard hneness, as the owner may prefer, with
stamp upon the same, designating its weight and
hneness; but no piece of either gold or silver
shall be cast into bars or ingots of less weight
than ten ounces, except pieces of one oence, of
Two ounces, oil three ounces, and of FIVE ounces,
all OF which pieces of less weight than ten ounces
shall be of the standard neness with their weight
and hneness stamped upon them; but in cases
whether the gold and silver deposited be coined or
cast into bars or ingots, there shall be charge to
the deposition, in addition TO the charge now made
for refining or parting the metals, of one. half of
one per centum; the money arising from this
charge of one-half per centum shall be charged
to the treasurer of the mint, and from time
TO time, on warrant of the director Of the mint
shall be transferred into the treasury of the
United States: Provided, however, That nothing
contained in this section shall be considered as ap
plying to the half dollar, the quarter dollar the
dime, and half-dIne.
SEC. z. And be IL further enacted, That from time
TO time there shal be struck and coined at the
mint of the United States and the branches there.
OF, conformaby in all respects to law, and con-
formally in all respects to the standard of gold
coins now established by law, coin of gold Of the
value OF three dollars units, and all the provi-
sions of an act entitled SAN act to authorize the
coinage OF gold dollars and double eagles,'' ap-
proved March third, eighteen hundred and forty
nine, shall be applied to the coin herein suthor.
ICED, 80 far a. the same may be applicable but
the devices and shape of the three dollar piece
snah be liked by the Secretary of the Treasury
SEC. s. hid belt further enacted, That this act
shall be in force from and after the frat day of
June next
Approved February 81, 1853.