Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1878-03-06
THE UNITED STATES MINT.
Items Of Interest to Business Nen and
the People Generally.

, THE UNITED STATES MINT.
, Items Of Interest to Business Hon an
the People Generally.
I The two cent pieces we're abolished fiy
) years ago.
There are five times az many one cen
pieces used a. threes.
i Less than $4,000 of one cent piece
were coined last year.
j No fives or threes (nickel) were coine
last year for circulation.
The old-fashioned silver dollar has no
been made for five year,.
The shipping of silver coins from tn,
mint began about year ago.
Silver is purchased at the mint to 1
limited extent 1t q paid for in gold.
Nickle and bronze coins are only made
in the United States mint in this city.
The eastern, middle and western statei
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 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, reclining
and toughenlng.
NJ ,:Iwn~ 70 ohos r,rJ e.. v,a<oo ~, n
mint. This is done by transfers which
come through Washington.
Two weeks ago nearly &000, 900 in gold
dollars were made for the sub-treasury
department of New York.
There are laying in the repositories
and vaults of the sub-treasury in this
city nearly $4,000 in five cent nickel
pieces. s$~
Five cent pieces are circulated con-
sidcrablv 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 $3s, ,0O0, 900 in
small coin circulated within the year
were manufactured during the same
period, and consequently the coins are
new. 4.- 5.s5ys
The government has issued over $685.
900, 200 of small silver coins since the
redemption of fractional currency
began, and the market n fairly glutted
with them. W
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
change and for shipment through the
country.
No trade dollars hare been made this
year. Several millions were coined in
1877. Their coinage was suspended in
December. They were only coined to q
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
less than twenty dollars, 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 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, 600 of. ones are made for the same pur-
pose.
The mint shipped over the country in
1876 about $500, 600 in small coins, con-
sisting Of one, three and five cent pieces
They went chiefly west and east. In
1877, only about $3S6, 900 in these small
coins were shipped.
The greatest demand for silver coins
is for the half dollars The quarter
dollar Is the second favorite, and the dime
is the third and last on the list. The
demand for half dollars is twice ~ large
as for quarters, and Ave times more
halves are required than dimes.
When business il brisk in the city
about seven or eight hundred dollars .
day in change il required for nickle and
bronze. The Failr0ed 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, 1873, to December, 1877, than
there were coined of the dollar Of the
fathers for the eighty lone years preced-
ing. The trade dollar was intended for
the China trade, and nearly all that have
been coined have gone to China, Japan
and India.-PhiIo. North Americaa.