TeachMeFinance.com - explain Coinage act of 1873
Coinage act of 1873 -- This was the act of February 12, 1873,
which discontinued the coinage of the silver dollar by omitting
it from the list of coins authorized to be minted (manufactured)
by the government.
The metal in the silver dollar was at the time worth two
cents more than the metal in a gold dollar; in other words, a
silver dollar was worth $1.02 in gold money. Coinage of the
silver dollar was resumed under the Bland-Allison act of
February 28, 1878.
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