Content of Silver Coins: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-eighth Congress, Second Session, on S. 2671, to Redefine the Silver Coins. April 1 and 2, 1964, Volumes 22-23U.S. Government Printing Office, 1964 - 137 pages |
Common terms and phrases
additional silver dollars alloy amount of silver Appropriations Banking and Currency bill cents Chairman circulation coin shortage coinage Congress content of silver continue cupronickel Currency Committee D.C. DEAR SENATOR demand for coin denominations Denver Mints dimes facilities Federal Reserve banks Federal Reserve Board Federal Reserve notes Federal Trade Commission fiscal grains half dollars hearings increase industry issued legislation manufacture market price meet metal million ounces million silver dollars minor coins minting of silver monetary value Montana Nation needs nickels ounces of silver Philadelphia present silver price of silver problem redefine the silver reduce the silver request ROOSA seigniorage Senator DOMINICK Senator DOUGLAS Senator MANSFIELD Senator SPARKMAN short tons silver bullion silver certificates silver coins silver content standard silver dollars statement subsidiary coins subsidiary silver supply of silver tion Total Treasury Department Treasury stock U.S. coins U.S. dollar U.S. mint U.S. Senate United value of silver vending machines Washington WILLIS ROBERTSON
Popular passages
Page 91 - Silver certificates shall be exchangeable on demand at the Treasury of the United States for silver dollars or, at the option of the Secretary of the Treasury, at such places as he may designate, for silver bullion of a monetary value equal to the face amount of the certificates.
Page 128 - July 31, 1946, authorized the Secretary of the Treasury, under such terms as he considers advisable, to sell or lease for manufacturing uses any silver held or owned by the United States — with the same provisions as to ownership and possession or control as noted above under the act of July 12, 1943 — at a price of not less than 90.5 cents per fine ounce : on the day that this act became law the Secretary of the Treasury announced that sales would be made at a price of 91 cents per fine ounce.
Page 128 - SEC. 2. It is hereby declared to be the policy of the United States that the proportion of silver to gold in the monetary stocks of the United States should be increased, with the ultimate objective of having and maintaining, one-fourth of the monetary value of such stocks in silver.
Page 57 - ... any silver of the United States in excess of that required to be held as reserves against silver certificates.
Page 128 - The policy of the United States in the purchase of silver will be guided by the following considerations: "The Silver Purchase Act of 1934 declares it to be the policy of the United States that 'the proportion of silver to gold in the monetary stocks of the United States should be increased with the ultimate objective of having and maintaining one-fourth of the monetary value of such stocks in silver.
Page 130 - Act), authorized the conversion of not exceeding 350 million standard silver dollars into bullion and its sale, or use for subsidiary silver coinage, and directed purchase of domestic silver for recoinage of a like number of dollars. Under this act...
Page 128 - Act), authorized the President, through the Secretary of the Treasury, upon recommendation of the Chairman of the War Production Board, to sell or lease domestically any silver held or owned by the United States, provided that at all times the Treasury maintained the ownership and the possessions or control within the United States of an amount of silver of a monetary value equal to the face amount of all outstanding silver certificates. The price to be paid for such silver was to be not less than...
Page 129 - ... (0.8924) fine; 3. fixed the coinage ratio of gold and silver as 1 to 15 ; 4. provided for free coinage ; and 5. declared silver dollars (and all other coins authorized) lawful tender.
Page 128 - Under the act, gold certificates owned by the Federal Reserve banks may be redeemed at such times and in such amounts as, in the judgment of the Secretary of the Treasury, are necessary to maintain the equal purchasing power of every kind of currency of the United States. Title III of the act of May 12, 1933...
Page 133 - Troy weights are used, and, while metric weights are by law assigned to the half and quarter dollar and dime, troy weights...