| The Issue of Silver Dollar Coins Production |
| Wednesday, 21 November 2007 14:54 | |
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Although the economy of the United States was declining, there was no obligation for the Mint to store silver dollar coins to only one depositor. Interesting to note that today about 16 different types of 1800 silver dollar coins can be found. Probably one of the most interesting among them being the coin where there is a misspelling on its reverse, saying AMERICAI. An important fact is that the dollar denomination was a single silver coin that the Mint struck in the period between 1798 and 1800.
During the beginning of the 19th century both the public and Congress started making higher demands on the Mint. At this time the Congress unfairly blamed the Mint for several things that the Mint was not able to control, including the amount of gold and silver that was received in form of deposits.
It was a great problem for the Mint, at that time, to generate small change silver coins. This was due to the fact that the majority of silver depositors asked silver dollars in exchange for their metal.
The reason why the amount of 1801 silver dollars
The following year registered an even smaller amount of silver dollar coins produced. There were some unsuccessful attempts of the Mint director to motivate bankers to demand smaller denomination silver coins. In 1800 there was a dramatic improvement of dies for producing silver dollar coins. The same was with the quality control, because the amount of varieties that were to be collected significantly decreased during this period.
Because more silver was deposited to the Mint in 1803, the production of the silver dollars improved. However the director of the Mint opted for production of half dollars, where it was possible. Two main factors led to silver dollar production stoppage in the period between June and December 12. One was the Yellow Fever and the other one was the change in preferences of the Mint's director.
In 1803 he did not allow the continuation of silver dollar coins production. The situation continued through March 27, 1804. The coins produced by the Mint during this period of time are dated 1803. There is a small possibility that some coins struck in 1804 had ever earlier dates on them.
One important fact is worth remembering, that is not one silver coin dated 1804 was produced in this period. An enormous amount of silver dollar coins was exported in the early 19th century. This is why it was decided to stop the strike of the denomination. Until 1830 there were no silver dollar coins produced.
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