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<p>[QUOTE=&quot;proofartoncircs, post: 1262968, member: 25952&quot;]<p style="text-align: left"><span style="color: #000000">&lt;&lt;On July, 14 1890, the Sherman Silver Purchase Act replaced Bland-Allison and was even more generous to the Bimetalists. The Sherman Silver Purchase Act required the Government to purchase as much silver bullion as was offered...up to 4.5 million ounces per month. Two (2) million ounces were to be coined into silver dollars each month during the first year. Subsequent years permitted the Mint to create only as many silver dollars as needed to redeem the new Treasury Notes (created by the same law).&gt;&gt;</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">That explains why silver dollar mintage was so low in 1893-1895.&nbsp; Can anybody explain why the mintage of silver dollars was up in 1896-1897.&nbsp; Somebody (the Treasury or Treasury straws ?) must have redeemed a lot of 1890 notes for silver dollars which did not stay in circulation.&nbsp; Coming back into the Treasury would cause Silver certificates to be issued which were not redeemable in gold at that time.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">The War Revenue Act of 1898 and the Currency/ Gold Standard Act of 1900 provided for silver dollar coinage of the bullion and replacing Treasury notes of 1890 with silver certificates.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">&nbsp;</span></p><p>[/QUOTE]</p><p><br /></p>

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