Silver Dollar Blog - Test another coin... please

Mar 18, 2013

Old U.S. Mint, Chestnut & Juniper Streets, Philadelphia

There were many check points along the way to ensure a coin was the proper size and weight. The Coinage Act of 1873 also knows as the Crime of '73 that embraced the gold standard and demonetized silver had another side note. It stated that each mint superintendent and assayer would choose at random one coin out of every 2,000 coins to be inspected.

The selected coins would be sealed in envelopes and deposited in a pyx that had only two keys. One belonged to the superintendent and the other belonged to the assayer. A pyx is defined as a strong box, for safe keeping.

The Director of the Mint received coins from all the mints and inspected them once a month.  At the end of each quarter the the coins were sent in wooden boxes and shipped to Philadelphia mint where the Annual Assay Commission met every February to weigh and assay every sample coin. 

Usually things looked good by the time the coins made it to it's final inspection. But even with all these checks points,  in 1881 that the Annual Assay Commission discovered three melts from Carson City that were about 0.892 fineness and about 3,000 defective pieces were struck from that melt.  It is not really clear if  these coins were melted or located. 

Image Source: Library of Congress

 

 



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