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<p>[QUOTE=&quot;cpm9ball, post: 1608266, member: 24633&quot;]Found it!</p><p><br /></p><p>To fund the Civil War, the government issued Greenbacks along with fractional currency. This &quot;soft money&quot; was to be redeemed for specie (coinage) by the Specie Resumption Act of 1875, and a record production of dimes, quarters and half dollars was implemented to fund the redemption of the fractional currencies. At that time, silver maintained a high enough price to the paper dollar to make this possible, but as a depression set in and credit grew tighter, this also coincided with the peak production of silver from the Comstock Lode. At the same time, the Trade Dollar was being rejected by the Chinese which resulted in a massive entry of these depreciated dollars into domestic circulation. As a result, the silver value of a standard silver dollar fell below 80c, by mid-1876.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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