The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1878-04-05
UNITED STATES MINT ITEMS.
MATTERS OF INTEREST TO BUSINESS MEN
AND THE PEOPLE GENERALLY.

AND THE PEOPLE GENERALLY.
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.
The shipping of silver coins from the Mint
began about year ago.
No fives or threes (nickel) were coined
last year for circulation.
The old-fashioned silver dollar has not
been made for five years.
Silver is purchased at the Mint to limit
cd extent. 1t is paid for in gold.
Nickel and bronze coins are only made in
the United States 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 de-
positories, because they are more sa leable.
No silver is coined in subsidiary coin for
depositors. The government coins for it
self alone.
In the South the people are using one.
cent pieces and threes and fives very extern
sively.
Five times as many five cent pieces as
ones are sent away, and Eve times as many
ones as threes.
No silver is exchanged for notes at the
Mint. This is done by transfers which come
through Washington.
There is no coinage charged on gold.
The only charge is for parting, refining and
toughening.
Two years ago nearly 100000 in gold
dollars were made for the Sub Treasury de-
partment of New York. .=...
There are lying in the repositories and
vaults of the sub-Treasury in this city,
nearly $500, 1000 in five cent nickel pieces.
Five cent pieces are circulated oonsidera-
bly, IN New Orleans. Pennies were recent
ly sent to that city, and 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
country.
The government has issued over $38, ,000,- |
900 of small silver coins since the redemp- |
tion of fractional currency began, and the
market is glutted with them.
A large amount of the $3S, ,000, 900 in
small coins circulated within the year were
manufactured during the same period, and
consequently the coins are new.
In brisk times the Mint pays out from
three to five thousand dollars day for the
of people making change,
and for shipment through the country.
The demand for one cent pieces has in
creased within the last three or four months
and the demand for fiyes has increased.
This is due to the issue of so many ten cent
pieces. -
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 limited extent
for circulation.
Nickel and bronze are kept at par by re-
deeming them in greenbacks. They are de-
posted in the Mint in sums not less than
$40 receipted for and checks sent to the
depositor.
No silver five cent pieces have been made
for five years. In fact they have been
abolished as well as the silver three cent
pieces. The nickel threes are still issued
although but few are used.
From five to ten thousand dollars of
Eagles, half eagles, quarter eagles, and So
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 pur-
pose.
The Mint shipped over the country in
1876 about $500, 900 in small coins. consist
ng of one, three and five cent pieces
They went chiefly West and East. In 1877
,nly about $3.50, 1000 in these small coins
we're shipped.
The authorities at the Mint can feel the I
pulse of business by the amount of coins
'ent in for redemption. If business is fal- [
ing off the redemption is large; when it is
steady the redemption moves along at the |
ate of about $500 day. I,
The greatest demand for silver coins is
'or the half dollar. The quarter dollar is
,be second favor1te, and the dime is the {
,hird and last in the list. The demand FOR 4
lalf dollars is twice as great as for quarters
ind Eve times more halves are required than !
lines. II
Although more trade dollars were coined {
rom April, 1873, to December, 1877. than /
we're coined of the dollars of the fathers for |
he 81 years preceding, it does not follow {
hat the trade dollar is popular. The trade !
lollar was intended for the China trade. and |
learly all that have been coined have gona /
o China, Japan and India. Phi. North
american.