New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
@h
Billions Of Pcnn;..
Used in Bu.;,.,
United States Mint Tn,
Out AS, 900, 900 In La,
Fiscal Year

Coinage Of .4b,ooo,ooo i can. j.,
during the fiscal year 1918 h,. '
announced at Washington. ,,a :" !
large number Of these nttls ..,,. u
ed In twelve months indic.t.. a !
great has been the demand r.e.,.,. :"
small change. The 1918 output ~ W
largest on record. "a
In commenting upon th,. q.
National City Bank Of New W. .,
that the number Of / cent coin. sass
featured by the minis Of .hs ' n I,as
States from 1893 to the end ~ :, Vess
year 1918 was 3,463, 900 900 w sSs ass
number issued in the last all, ."s u
is, In round numbers, 1000, 900 ON ~; y
number Of l cent pieces coined ~. ~
touched the 100,00O,OO0 linz !, 0e'e
year prior to 1907; the annua, 49, - ~
from that time to 1916 was nes,,. ,.,sn
100000; in 1917 1880, 900 md !! ~, Nv
445,228,201 pieces. N ID wi
The number of cent piec., 49,.
from the beginning of the rovs, WON'T
to date would, even if all wers '; ~
istence and circulation, allow f.. ~ a.
individual about thirty three " s ~.
pieces. OF course, the humble, ~, 'sss
ally available is far less than ~, W.
for it Is quite probable that ont ~ 's y
3,463, 100000 l cent pieces coinsa Y =
the government not more than sh. y
2,400,000,000 are now in er;.. su0s
or at least in circulation. msL ssa's
present average per capita for .. !,
people of the United States ~ shs 10
twenty-three l cent pieces. s'''
Coinage Of ] cent pieces beps, r;,,
the first operation Of the minis Wv ~
total number coined in the FIRST n., :,
for which details are available f,,Ss
$50 having been 1906 33. and IN 1 ~.
same period there were coined Ir Ss,
II cent pieces. The Y cent N o;,...
seemed to gain in popularity in th s.'. *
mediately subsequent period. fo, ' Az AZ
number coined in the period 1907
was about as great as the numbs, :,
! cent pieces coined. From that si..
on, however, the II cent piece anna nr'
emily lost popularity, for the min,
soon suspended their manufacture ,si
in 1860 their coinage terminated ~ n.
number of l cent pieces coined ave.
aged less than 100000 ne, :,
mum down to about 1855, when As,
came a rapid increase, the np ,aS,
coined in 1857 being about lSO@.
900, in 1860 over 100000 and !,
1854 100000. Following the clo. \,
the Civil War the number again ers,.
ly declined, being in 1870 leu tb,,
100000, in 1880 100000, in INA
47,O00,000, in 1900 s7,OOo0oo ~ =
1906 96,0O0,O0O, crossing the ,M
100000 line in 1907 and making 4.
highest record in 1910 l52SlssW
while the total for the fiscal wear ian
was 10l, 23O,317; 1917, 21S,5Oi,OO sM
in 1918 445, 628,000.
All one-cent pieces now issAed !,
the government are of bronze. IN d,
very early periods they were Of COZ
per; then for a comparatively ,bor
time of nickel, though the proportm
which the copper or nickel eom
formed Of the total is very small, III
entire number of copper one-cent COIN
issued having been 156,2SsOOO nick.
2OO,772,000, bronze 3,1O5,S4l0OO.
The minor coinage" Of the Unt
States, including in that term the half
cent, one-cent, two-cent, three-cent and
tlve-cent coins, aggregates about fw
billions in number. OF the one.csnt
coins, the total number, as already H.
dlcated, is about 3,463, 900, 900, Of vhc
about 200,000,000 were nickel and III. |
100000 copper; of the two-cent wu
there were issued as, sol 900; Of IL |
three-cent coins, 31y378,000 mad.
nickel and 42,770,o00 made of siFs
and of the five-cent pieces the tsa
number issued has been, of nta
1923, 100000 and of silver e7,6O4M L
All token" coins issued by the Co., /
eminent are now of bronze or nies /
all of the one-cent pieces being ii
bronze, all of the fve-cent pisea
nickel. The use of silver for I'LL
manufacture of the minor coins Ml
discontinued in 1874.
The face value of the token" coin
issued by the government (the one.e.r'
pieces and five-cent nickles) Is, II
course, much greater than the value q.
the metal which they contain. In fn-
the profit on the manufacture Of thew
coins, together with a slight profit al
the manufacture of the minor silv.'I
coins 90, % and 80 cent pieces, u
more than enough to pay the rann'nl
expenses of the mint. The outpu: d
five-cent nickel coins and ons-ss.
bronze pieces in 1918 exceeded In s's
class that of any earlier year In IL /!
history of the minis.