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<p>[QUOTE=&quot;Burton Strauss III, post: 8052256, member: 59677&quot;]&quot;Legal Tender&quot; became &quot;Legal TO Tender&quot;.</p><p><br /></p><p>They could be used after that date at their value in silver, at treasury offices, land offices, and customs houses. They were not paid back out but were sent to the mint to be recoined into Federal coinage. Private businesses could accept anything they wanted and payout anything customers would accept.</p><p><br /></p><p>The act of 1857 imposed a haircut on the common &quot;Spanish&quot; (Mexican) dollar which was worth only 80c.</p><p><br /></p><p>It required the Director of the Mint to report on the silver content and value of coins commonly in circulation as part of his annual report. You can see these tables into the 191xs. You can also see the amount bought in, some years it might be $1M, others $30M.[/QUOTE]</p><p><br /></p>

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