The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-02-13
UNITED STATES MINT ITEMS.


UNITED STATES MINT ITEMS,
Matters Of Interest TO Business
Men ana the People Generally.
Philadelphia North American.
The two cent pieces were abolished
Eve years ago.
There are Eve times as many one cent
pieces used as threes.
Less than $4,000 of one cent pieces
were coined last year.
No ives or threes (nickel) were coined
last year for circulation.
The old fashioned silver dollar has
not been made for Eve years.
The shipping Of silver coins from the
mints began about a year ago.
Silver is purchased at The mint to a
limited extent. It is paid for in gold.
Nickel and bronze coins are only made
in the United Sts,es mint in this city.
The Eastern, Middle and Western
States take most Of the nickel and bronze
coins.
Double eagles are being made for the
depositories because they are more salea.
bic.
No silver Is coined in subsidiary coin
for deposi,ors. The Government coins
for itself alone.
In the South the people are now using
one cent pieces and threes and Gyes very
extensively.
Five times as many five cent pieces as
ones are sent aWay,and i've times as many
ones as threes.
There Ia no coinage charged on gold.
The only charge Is for parting, refining
and t%oughening.
No silver is exchanged for notes at the
mint. This is done by transfers, which
come through Washington.
Two weeks z nearly $500, 0G0 in gold
dollars were IuSde for the Sub-Treasury
Department Of New York.
There are lying in the Repositories
and vaults OF the subireasury In this
city nearly $500, 600 in FIVE cent nickel
pieces.
Five cent pieces are circulated consid.
erably 10 New Orleans. Pennies were
recently sent TO the city, which were the
first ever called for.
The large number Of early orders for
smsll coins came from the Southeast. Re
cent orders are chiefly from this section
Of the country.
A large amount Of the S3S, goo in
small coins circulated within the year
were manufactured during the same Pc
Rod, aud consequently the coins are new,
The Government has issued over $685..
600. 1000 Of small silver coins since the
redemption Of fractional currency began,
and the market is iairly glutted with
them.
The demand for one cent pieces has In.
creased within the last three or four
months, and the demand for fives has de
creased. This is due 10 the issue Of SO
many dimes.
In brisk times the mint pays out from
5000 to $1,000 a day for the accommo-
dation Of people making change and for
shipment through the 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.
Nickle aud bronze are kept at par by
redeeming them in %greenbacks. They are
deposited In the mint in sums OF not less
than $40, receipted for, and checks cent
TO the deposition.
No silver Eve cent pieces have been
made for Eve years. In fact they have
been abolished, as well as silver three
cent pieces. The nickle threes are still
issued, although but few are used.
From $1,000 TO $4,000 Of eagles, hall
eagles, quarter eagles and s. pieces are
made every year, In order TO keep up the
history Of The coin. About $4,000 OF ones
are made annually for the same purpose,
The mint shipped over the country III
1876 abont 100000 in small coins, con
sisling Of one three and ave cent piece',
They went chiefly west and east. In 1877
only abont $3s5,00 in these small coins
were shipped. -,
The authorities Of the mint can feel
the pulse OF busiuess by the amount oil
cold sent 10 for redemption. II business
IA lAlllnR on lue Teueuiptiuu IN iai6e'
When II Ia steady the redemption moves
along at the rate OF about $500 a day.
The greatest demand for silver coins Is
for the half dollar. The quarter dollar
L. the second ~favoriie, and the dime lathe
third and last in The list. The demand
for half dollars Is twice % great as fol-
quarters, and Eve times more halves are
required than dimes.
When b%usiness il brisk In the city
about 500 or $500 q day Ia required for
nickel and bronze. The railroad compa'
MES are demanding more Than usual Oh
account Of the six cent fares. This de-
mand, however, has fallen of somewhat
during the pat few days.
Although more trade dollars were
coined from April, 1872, 10 December,
1877, than were coined OF the dollar ol
the fathers for the eighty.one years pre-
cediug, Il does not follow that the trade
dollar Ia popular. The trade dollar wa
intended for the China trade, and nearly
all that have been coined have gone Il
China, Japan and India.