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<p>[QUOTE=&quot;Collector1966, post: 1257299, member: 17919&quot;]Once again-- the silver coinage depended on the amount of silver that was brought in to the Mint. </p><p><br /></p><p>Assume that the amount of silver that was brought into the Mint in 1824, 25, and 26 was constant:</p><p><br /></p><p>The amount of quarters produced in 1824 and 25 combined: 168,000, or $42,000, or $21,000 average each year. (No mintage figures available for individual years)</p><p>The amount of dimes produced in 1824 and 25 combined: 510,000, or $51,000, or $25,500 average each year (No mintage figures available for individual years)</p><p>The amount of half dollars produced in 1824: 3,504,594, or $1,772,297</p><p>The amount of half dollars produced in 1825: 2,943,166, or $1,471,583</p><p>&nbsp;</p><p>So the total $ silver coins produced for 1824-25 =$3,336,880, or average for each year= $1,668,440</p><p>Demand for silver halves alone in 1826: 4,004,180= $2,002,090. </p><p><br /></p><p>If the silver supply was constant or even grew slightly during this time period, then there would not be enough silver to meet the demand for both halves and smaller coins in 1826. The banks got priority for silver coinage production, and the banks preferred half dollars. I believe this may have been one of the reasons why Andrew Jackson was so angry with the banks-- they were apparently hogging the silver to produce coins that only banks and wealthy persons were using, while restricting the supply of smaller silver coins that could have facilitated commerce among average citizens.[/QUOTE]</p><p><br /></p>

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