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Bland and Allison, Two Obscure 19th Century Politicians Who Changed Coin Collecting
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<p>[QUOTE="Conder101, post: 4316198, member: 66"]The free coinage of silver ended with the act of 1853 which made the silver coinage subsidiary. The Act of 1873 actually partially restored the free coinage of silver. Depositor could bring in their silver and have it made into coins for free but ONLY for conversion into Trade dollars, nominally for export. </p><p><br /></p><p>In 1873 there was not a serious concern about the lack of silver coinage and people didn't care that they couldn't have their silver coined. The "Crime of 1873" didn't become an issue until around 1878 with the "Crime" being the elimination of the silver dollar in 1873. The criticism of the lack of free coinage wasn't much of an issue until after the economy crashed because of the Sherman Silver Purchase Act of 1890. THEN they wanted free coinage at 16 to one because the debtors WANTED the inflation and cheaper dollars to pay off their creditors.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4316198, member: 66"]The free coinage of silver ended with the act of 1853 which made the silver coinage subsidiary. The Act of 1873 actually partially restored the free coinage of silver. Depositor could bring in their silver and have it made into coins for free but ONLY for conversion into Trade dollars, nominally for export. In 1873 there was not a serious concern about the lack of silver coinage and people didn't care that they couldn't have their silver coined. The "Crime of 1873" didn't become an issue until around 1878 with the "Crime" being the elimination of the silver dollar in 1873. The criticism of the lack of free coinage wasn't much of an issue until after the economy crashed because of the Sherman Silver Purchase Act of 1890. THEN they wanted free coinage at 16 to one because the debtors WANTED the inflation and cheaper dollars to pay off their creditors.[/QUOTE]
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Bland and Allison, Two Obscure 19th Century Politicians Who Changed Coin Collecting
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