clxxiv
UNITED STATES
HIGHEST, LOWEST, AND AVERAGE VALUE OF A UNITED STATES SIL- VER DOLLAR, MEASURED BY THE MARKET PRICE OF SILVER, AND THE QUANTITY OF SILVER PURCHASABLE WITH A DOLLAR AT THE AVERAGE LONDON PRICE OF SILVER, VARIOUS YEARS SINCE 1873
Calendar Years
1873 1880 1890 1894 1895 1896 1897 1898 (9 months)
Bullion Vali-e of a Silver Dollar
Highest
.016 .896 .926 .538 .532 .523 .505 .481
Lowest Average
.981 .875 .740 .457 .461 .504 .400 .424
$1,004 .886 .810 .491 ..505 .521 .467 .452
Grains of Pure Silver at Aver- age Price pur- cliasable with a United States Silver Dollar i
369.77 419.49 4.58.8:3 756.04 7:33.87 711.93 795.98 822.15
^ 371.25 grains of pure silver are contained in a silver dollar.
Circulation of Silver Dollars
The following table exhibits the total number of silver dollars coined, the number held by the Treasury for the redemption of certificates and Treasury notes, the number held in excess of outstanding certificates, and the number in circulation on Nov. 1 of each of the last thirteen years :
Total Coinage
In the Treasury
In Circulation
Date
Held for Pay- ment of Cer- tificates Out.standing
Held in Excess of Certificates Outstanding
Nov. 1 —
1886 .
1887 .
1888 .
1889 .
1890 .
1891 .
1892 .
1893 .
1894 .
1895 .
1896 .
1897 .
1898 .
244,4.33,386 277,110,157 309,750,890 343,638,001 380,988,466 409,475,368 416,412,8:35 419.3:32,550 421,776,408 423,289,309 4:39,5.52,141 4.52,713.792 466,836,.597
100,306,800 160,713,9.57 229.78:3.1.52 277,319,944 .308,206.177 321.142,642 324.552, ."):52 325,717,2:^2
- «1.14
- 3,:50l
342,409.504 366.463.504 372,s:ls,!M9
- 398,7.'):<,504
82,624.4:31
5:3.461, .575
20.196,288
6,219,577
7.072.725
2(i.l '.17.265
- ^0.ls7.?v48
- 34,ss9,.5O0
- 34.1s9,437
22.52.\713
14.S!I7,S35
19,<i7s.095
4,(U.">,S^S
61,502,155 62,934, ()25 59,771,4.50 60,098,480 65.709.56-1 62.1:3.5.461 61,672,455 58,725,818 56,44:3.670 58,354.092 .58,190,802 60,196.778 6:3,4:37,2.55
On July 1, 1897, the balance on hand at the mints on account of profits accruing in the coinage of silver was §501,500.18.
The seigniorage on the coinage of silver during the fiscal year 1808 was, on silver dollars, 63,073,058.50, and on subsidiary pieces $280,311.22, a total seigniorage of 83,300,200.81.
The amount reimbursed on account of silver wastage and loss on sale of sweeps paid from this seigniorage was .$270.14, leaving the net seignior- age on the silver coinage of the fiscal year, §3,359,903.07.
