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<p>[QUOTE="Conder101, post: 3297672, member: 66"]The main reason the mint didn't make many small denomination silver coins was because the mint act did not provide for a bullion fund that would allow the mint to strike coins in whatever denominations the market required. (The mint didn't get a bullion fund until 1837.) Instead they were dependent on the public to deposit silver and gold for coinage, and the mint had to process it into whatever denominations the depositor requested. The bulk of the bullion was deposited by the bank of the United States and some larger merchants or exporters. Those depositors mostly wanted LARGE denomination coins for ease in counting/storage. The Mint also tended to encourage depositors to select large denominations because it meant less work to produce the coins from the bullion. If you have say $20 worth of silver it was a heck of a lot easier to strike 20 silver dollars than 400 half dimes. Especially when you are working the blanking and coining presses by hand.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3297672, member: 66"]The main reason the mint didn't make many small denomination silver coins was because the mint act did not provide for a bullion fund that would allow the mint to strike coins in whatever denominations the market required. (The mint didn't get a bullion fund until 1837.) Instead they were dependent on the public to deposit silver and gold for coinage, and the mint had to process it into whatever denominations the depositor requested. The bulk of the bullion was deposited by the bank of the United States and some larger merchants or exporters. Those depositors mostly wanted LARGE denomination coins for ease in counting/storage. The Mint also tended to encourage depositors to select large denominations because it meant less work to produce the coins from the bullion. If you have say $20 worth of silver it was a heck of a lot easier to strike 20 silver dollars than 400 half dimes. Especially when you are working the blanking and coining presses by hand.[/QUOTE]
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