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<p>[QUOTE=&quot;Conder101, post: 1257754, member: 66&quot;]This is not correct.&nbsp; The mint was dependent on depositors for the silver and gold coinage they produced.&nbsp; The Mint was not authorized a bullion account that would let them go out onto the open market and buy silver to coin on the governments account until 1837.&nbsp; Now the government did collect gold and silver as excise taxes and customs duties.&nbsp; This bullion was deposited with the Bank of the United States and they were the source of most of the gold and silver deposited with the mint for coinage.&nbsp; Under the law the choice of what coins the bullion would be struck into was left up to the depositor.&nbsp; The bank would normally order half dollars unless they could be prevailed upon to order smaller denominations to alleviate the needs of commerce.&nbsp; This was one of the benefits of the 1837 bullion fund.&nbsp; It allowed the mint to purchase bullion and strike coins for which there was a shortage.[/QUOTE]</p><p><br /></p>

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