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<p>[QUOTE=&quot;Conder101, post: 1264402, member: 66&quot;]Robert Todd Lincoln? (Actually he wasn&#039;t present at the assassination of his father (He arrived shortly after the shooting), but I do believe he was present when he died.)</p><p><br /></p><p>The reason for the low mintages was the post war recession.&nbsp; The Pitman Act which required the recoining of all the silver dollars melted down allowed the Mint to continue production without excessive layoffs.</p><p><br /></p><p>The low mintage of the dollars in 1893-95 (and other coins as well) was the Panic of 1893 brought on by the drain on the US gold reserves created by the Sherman Silver purchase Act of 1890.&nbsp; The draining of the gold reserves to less than the legally required minimum created a situation where the US government was in serious danger of having to default on its obligations that had to be paid in gold.&nbsp; This caused a loss of faith in the dollar, runs on banks, banks calling in loans and it all snowballed into the Panic of 1893, a depression that lasted for three years.&nbsp; Being in a depression, there was low demand for coinage.&nbsp; But as the country came out of the depression the Mint still had all that silver they had purchased which still had to be coined into silver dollars.&nbsp; It took until 1904 to coin all the silver that was purchused under the Sherman Act.[/QUOTE]</p><p><br /></p>

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