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Coins of Controversy - The Seated Liberty Dime 1873-1874 (with arrows)
After three years of postponements, innumerable revisions and committee conferences, the Mint Act of 1873 was finally passed on February 12, 1873. This same Mint Act was to be referred to in later years as the “Crime of `73”, because it was alleged to have been passed by a sleepy...
American Coin & Bullion Normalizing after 1873: 19th Century Coinage & Currency #3
Following the controversies and fiscal problems resulting from of the Coinage Act of 1873, compensatory measures were taken by the Treasury and the US Mint to resume more normal issuance and circulation of US Currencies. Silver coins were made legal tender at their nominal value for any amount not exceeding...
Gold, Silver and the Coin "Crime" of 1873 - 19th Century US Coins & Currency #2
Perhaps no 19th Century law relating to the coins and currency of the United States has been so widely discussed, or has borne more directly on the attitude and influence of political parties than the Coinage Act of 1873. This act grew out of a proposition to revise our coinage...
Money Problems: Coinage to Crypto #9
The first American Colonists faced a problem: They didn’t have enough currency. At first, the Colonists bought far more from Britain than they sold to it, and pretty soon, the Colonists had no liquidity at all. So the Colonists fashioned their own. They used tobacco, rice or Native American wampum...
Policy vs. Value: Coinage to Crypto #7
Money has value, right? Right?!?! That is not necessarily the case. While we're busy not wondering about fiscal facts, they often seem to change, or vanish. The fear that numbers in a bank account mean nothing and have no correlation to items in the real world keeps us pretending. "I'll...
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Money Problems: Coinage to Crypto #9
Nov 23, 2018 -
Policy vs. Value: Coinage to Crypto #7
Nov 08, 2018
