Where did the silver & gold for early American coinage come from?

Dame. What’s a disme. Never mind

 

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Come from? Dug up stuff called 'mining'....

 

Google it

 

Google's way more friendly than us...........

 

Thanks

 

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Good Lord Cheech, abandon ye all hope........

 

I do and I do the same for her.

 

I was not aware of that. I won't spread that false rumor ever again.

 

BINGO!

I don't believe so. After 1853 you could sell silver to the government , or deposit it and have it made into bars, you couldn't deposit it for coinage. Gold you could still deposit for free coinage. When the silver coins became subsidiary in 1853 there was a profit to be made from the seigniorage and the government reserved that to themselves.

Beginning in 1873 people could again deposit silver for coinage, but only for Trade dollars, and that was eliminated in 1878.

Gold could be deposited for free conversion into coins up until the recall order in 1933. After that, until 1975, it could only be sold to the government.

Since gold can now be owned the laws allowing you to deposit gold and silver at the mint still apply, but the only choices are to ether sell it at the official price ($1.29 per oz for silver, $41.25 per oz for gold) or have it made into bars. You can't have it coined.

 

Not too many sellers in that market
Just a guess

 

Actually if you brought it in and requested to have it made into bars they couldn't do it. They no longer have that capability. Until 1982 if they did accept it they would have to ship it to the New York Assay Office, since than they may have the capabilities at the West Point Mint. If not I'm not sure what they would do. The law says you can have it made into bars, but if they can't make it into bars anymore, would they have to pay someone to do it for them?

 

Cool word

 

Cortez was easily able to conquer the Aztecs because he did indeed overwhelm them with weaponry (gunpowder), horses, (the Aztecs believed the horse and rider were one creature), and armor.

 

And disease...

PBS.org 23 Feb 2019

 

There was a steady movement of silver and gold from the America's (primarily Mexico, Central America and South America. Think of the 1715 Spanish fleet that was lost in the Hurricane off Florida. We did lots of trade in Cotton and Tobacco with Spain and England and France and payment was in coins from them or other trade items. Tariffs (taxes) were collected on imports and exports. As most countries did, we melted coins from other countries and made American coins. There was a normal cycle for both here and there.