The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1878-03-14
The United States Mint.

The two cent pieces were abolished
five years ago.
There are five times as many one cent
pieces used as threes.
Less than $4,000 of one cent pieces
were coined last year.
No fves or threes (nickeD were coined
last year for circulation.
The old fashioned silver dollar has not
been made for FIVE years.
The shipping of silver coins from the
mint began about a year ago.
Silver is purchased at the mint to
limited extent. 1t is paid for in gold.
Nickel and bronze coins are only made
in the United States mint.
The Eastern, Middle and Western
States take most of the nickela and bronze
coins.
Double eagles are being made for the
Repositories because they are more sala-
BILE.
No silver is coined in subsidiary coin
for depositors. The government coins
for itself alone.
In the Sesth the people are new using
one cent pieces and threes and fives very
extensively.
Five times as many five cent pieces as
ones are sent away, and five times as
many ones as threes.
There is no coinage charged in gold.
The only charge is for parting, refining
and toug ghening.
No silver is exchanged for notes at the
mint. This is done by transfers which
come through Washington.
Two weeks ago nearly 1900, 900 in gold
dollars were made for the sub-treasury
| department of New York.
There are lying in the repositories
and vaults of the sub-treasury nearly
| $500, 600 in five cent nickel pieces.
Five cent pieces are circulated con-
siderably in New Orleans. Pennies were
recently sent to that city, which were
| the first ever called for.
The largest number Of early orders for
small coins came from the southeast. Re-
cent orders are chiefly from this section
of the country.
A large amount of the S3S, 600, 600 in
small coin circulated within the year
were manufactured during the same
period, and consequently the coins are
new.
The government has issued over $685.
100000 of small silver coins since the
redemption of fractional currency be-
gan, and the market is fairly glutted
| with them.
| The demand for one cent pieces has
increased within the last three or four
months, and the demand for fves has de-
creased. This is due to the issue Of SO
many dimes.
| In brisk times the mint pays out from
three to five thousand dollars day for
the accommodation of people making
| oh opd for cl, fbroI1rb tho
country.
No trade dollars have been made this
year. Several millions were coined in
| 1877. Their coinage was suspended in
December. They were only coined to a
limited extent for circulation.
Nickel and bronze are kept at par by
redeeming them in greenbacks. They
are deposited in the mint in sums of not
and checks sent to the depositor.
No silver five cent pieces have beer
made for five years. In fact, they have
been abolished as we'll as the silve1
three cent piece. The nickel threes
are still issied, although but few are
used.
From five to ten thousand dollars oi
eagles, half eagles, and three dollar
pieces are made every year in order tx
keep up the history of the coin. Abou
81, 900 of ones are made for the same
purpose.
The mint shipped over the country il
1876 about $50O,000 in small coins, con
sisting of one, three and five cent pieces
They went chiefly West and East. II
1877, only about 1886, 600 in these small
coins were shipped
The greatest demand for silver coin
is for the half dollars. The quartz
dollar is the second favorite, and thu
dime is the third and last on the. list
The demand for half dollars is twic
as large as for quarters, and five time
more halves are required than dimes.
More trade dollars were coined from
April, 1873, to December, 1877, thai
J there were coined of the dollar of th
: fathers for the eighty-one years preced
ing. The trade dollar was intended fo
the China trade, and nearly all tina
,, have been coined have gone to China
Japan and India.