Coinage
Collier's New Encyclopedia (1921)
the act or process of coining money. In the United States there is free and unlimited coinage of gold; that is, standard gold bullion may be deposited at the mints in any amount, to be coined for the benefit of the depositor, without charge for coinage; but when other than standard bullion is received for coinage a charge is made for parting, or for refining, or for copper alloy, as the case may be. The depositor receives in gold coin the full value of the gold in his bullion, less such charges as are specified by law. Subsidiary silver and standard silver dollars, under existing law in the United States, are coined 150000000809 D 1. NON Koi NAZION 2. + ACCO テキAER + NE ANCIENT COINS 1. Coin of Cyrene 2. Coin of Naxos 3. Coin of King Egbert of the ovens. only on Government account. They are coined from bullion purchased by the ofits of such Government, and the profits coinage belong to the Government. The following table gives the amount and kinds of money coined at the mints of the United States during the fiscal year tered up. ended June 30, 1920: Denomination Pieces Value Gold: Double Eagles. 786,250 $ 15,725,000.00 United Eagles. 126,500 1,265,000.00 Total Gold.... 912,750 $ 16,990,000.00 end; the Silver: 6,567,000 $ 3,283,500.00 masonry. Half Dollars.. Quarter Dollars.. 28,426,400 Dimes.... 93,735,000 Total Silver... 128,728,400 $19,763,600.00 Minor: 91,335,000 $4,566,750,00 Five Cent Nickel. 5,126,070.00 One Cent Bronze. 512,607,000 holes in the Total Minor... 603,942,000 $9,692,820.00 Total Coinage. 733,583,150 $46,446,420.00
What Has Changed in the Last Century
When Collier's wrote this in 1921 it could describe "free and unlimited coinage of gold" — anyone could bring gold bullion to a US mint and walk out with eagles and double eagles. That ended in 1933, when Franklin Roosevelt's administration recalled gold coin from circulation and halted its coinage; the gold clause was repudiated, and the dollar's last link to gold was cut by Nixon in 1971. Silver went the same way: the dime, quarter and half dollar listed here as "subsidiary silver" lost their silver content under the Coinage Act of 1965, and US circulating coins are now base metal only. The one-cent bronze piece survives in name, but has been copper-plated zinc since 1982, and today's mint output is dominated by cupronickel and by paper and electronic money the table does not contemplate.
Written for this edition, 2026.