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TeachMeFinance.com - explain Coinage act of 1873 historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.