Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-02-26
TprRLLc-No. 24l

j
AN ACT amendatory OF existing laws relative to the half
dollar, quarter dollar, dime, and half dime
D. eaacd ty the Senate and House Of Representatives, V
tie United States Of Imerca in Congress 0ss>a6led, That
from and after the first day of June, eighteen hundred
and fftytwo the weight Of the half dollar or piece OF
fifty cents shall be hundred and nnetytwo grains,
and the quarter dollar, dime and half dime shall be- re-
spectively onehalf oneh and oneenth Of the weight
of said half dollar.
Sec 2. 4nd Be Il further enacted, That the silver coins
issued in conformity with the above section shal be legal
tenders in payment of debts for all not exceeding
Eve dollars.
Sec g. And Be aJart4er enacted That in order pro-
f9r ss Tsaqsie coinage Of the y
Mat shah WIN tire approval of the Director, pirchass
such bullion with the bullion fund the mint He shall
charge himself with the gain arsng from the q
such bullion into coins Of nominal value exceeding the
intrinsic value thereof and shall be credited with the
difference between such intrinsic value and the price paid
for said bullion and with the expense Of distributing said
coins hereinafter provided The balances to his Gre
dit the profit of said coinage, shall be- from time to
time warrant Of the Director Of the mint transferred
to the account Of the Treasury of the United States
Sec 4. Ind be trtter enacted That such coins shall
he paid the mint in exchange for gold coins par
less than hundred dollars and il shall be
lawful also to transmit parcels Of the from time to
time the assistant treasers, depositares, 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 Prordsa, horeea, That
the amount coined into quarter dollars dimes, and half
dimes shall be regulated by the Secretary Of the Treasury
Sec. S. And BE frRer enacted, That deposites for
dime shall hereafter be received other than those made
by the Treasurer of the Mint herein authorized and
upon account Of the United States.
Sec. g. and BE Jrther enacted, That, at the option
Of the dcpostor gold silver may be east into bars
ngots Of either pure metal standard hneness rs the
may prefer with stamp upon the same designa-
ting its weight and fneness but piece Of either gold
silver shall be into bars ingots Of less weight
than ten ounces except pieces Of ounce, of two
ounces of three ounces and Of five all Of which
pieces Of less weight than ten shall be of the
standard fneness with their weight and neues stamped
upon them; but in cases whether the gold and silver
deposited be coined or cast into bars ingots, there
shall be charge to the dep0sor, in addition to the
charge made for refining parting the metals OF
one half of per centum The money arising from
this charge Of one half per ceum shall be charged to
the Treasurer OF the mint and from time to time war
rant of the Director of the Mint, shall be transferred into
the Treasury of the United States: Prociaea, hocer'
That nothing contained in this section shall be considered
applying the half dollar, the quarter dollar the
dime, and half dime
Sec T. Ind be further enacted That from time to time
there shall he struck and coined at the Mint of the United
States, and the branches thereof confornably in all re-
spects law aud conformaby all respects to the stand
ard Of gold coins established by law coin OF gold Of
the value Of three dollars units and all the provisions
act entitled An act TO authorize the coinage Of
gold dollars and double eagles approved March third,
eighteen hundred and ortynine, shall be applied to
the coin herein authorized, 80 far the may be
applicable but the devices and shape of the threed dollar
piece shall fixed by the Secretary of the Treasury.
Sec. s. 4Rd be f1rier enacd, That this act shall be
in force from and after the first day of June next.
Approved February p, 1853.