The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1878-02-14
THE UNITED STATES MINT.
Items OF Interest to Business Men and tn
People Generally.

Items OF Interest to Business Men 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 $40, 900 of one cent pieces
were coined last year.
No fives or threes (nicker 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 year ago.
Silver is purchased at the mint to q
limited extent. 1t is paid for in gold.
Nickle and bronze coins are only made
in the United States mint in this city.
The Eastern, Middle, and Western
States take most of the nickle 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 South the people are now u.s.
ing one cent pieces and threes and fives
very extensively.
Five times as many five cent pieces as
ones are sent away, and five times rs
many ones as threes.
There is no coinage charged in gold.
The only charge is for parting, refin-
ing, and toughening.
No silver is exchanged for notes at
the mint. This is done by transfers
which come through Washington.
Two weeks ago nearly $500, 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 in this
city nearly $500, 900 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
Recent orders are chiefly from this Sec
ton of the country.
A large amount of the $38, 900, 900 in
were manufactured during the same
period, and consequently the coins are
new.
The government has issued over $685.
600, 900 of small silver coins since the
redemption of fractional currency began,
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
decreased. This is due to the issue of
SO many dimes.
Iu brisk times the mint pays out from
three to five thousand dollars a LAY for
the accommodation 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.
Nickel and bronze are kept at paw by
redeeming them in greenbacks. They
are deposited in the mint in sums of not
less than twenty dollars, eceipted 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 we'll as the silver three
cent piece. The nickel threes are still
issued, although but few are used.
From five to ten thousand dollars of
eagles. half eagles, and three dollar
pieces are made every year in order to
keep up the history of the coin. About
81, 900 of ones are ade for the same
purpose.
The mint shipped over the country
in 1876 about $500, 900 in small coins,
consisting of one, three, and five cent
pieces. They went chiefly West and
East. In 1877. only about 1886. 600 in
these small coins were shipped.
The authorities at the mint can feel
the pulse of business by the amount OF
coin sent in for redemption. If bust.
ness is falling off the redemption is
larger. When it is steady the redemp.
tion moves along at the rate of about
$500 day.
The greatest demand for silver coins
is for the half dollar. The quarter dol.
lar is the second favorite and the dime
is the third and last in the list. The de.
mand for half dollars is twice as great
as for quarters, and five times more
halves are required than dimes.
When business is brisk in the city
about seven or eight hundred dollars q
day in change is required for nickel and
bronze. The railroad companies are de.
manding more than usual on account OF
the six-cent fares. This demand. how
ever, has fallen off somewhat within the
past few days.
More trade dollars were coined from
April, 1878, to December, 1877, than
there were coined of the dollar of the
fathers for the eighty-one years proceed.
ing. The trade dollar was intended fol
the China trade, and nearly all that
have been coined have gone to China,
Japan, and India. .-Philadelfohia NorH
american.