Description

This section is from the book "Banking Principles And Practice", by Ray B. Westerfield. Also available from Amazon: Banking principles and practice.

Statistical Statement Of The Coinage

The present United States coinage is as follows:5

Double eagle ... Gold	$20.00	464.400	grains	pure	516.00	grains	standard
Eagle......... "	10.00	232.200	"	"	258.00	"	""
Half-eagle ...	5.00	116.100	"	"	129.00	"	"
Quarter-eagle... "	2.50	58.050	II	"	64.50	"	"
Dollar.........Silver	1.00	371.250	II	"	412.50	"	"
Half-dollar...	•50	11.250	grams	"	12.50	grams	"
Quarter-dollar.. "	.25	5.625	"	II	6.25	• 4	"
Dime.......... "	.10	2.250	"	"	2.50	"	"
Five-cent piece {Copper, 75%\ {Nickel, 25%) Cent {Copper, 95% } Cent {Tin and Zinc, 5% }	0.0s	77.160	grains	"
	0.01	48.000	"	"

The basic metallic stock including both coin and bullion of the United States, as of June 30, was as follows:

5 All these statistical data are taken from the Annual Reports of the Director of the Mint.

The following table shows the ownership of the gold stock and the purposes which its various parts are serving:

Ownership		Silver Coin and Bullion				Total Gold and Silver Coin and Bullion
	Gold Coin and Bullion
	Gold Coin and Bullion	Silver Dollars	Subsidiary Coin	Silver Bullion	Total Silver
United States Treasury (free) ...............
United States Treasury (free) ...............	$ 189	$ 14*	$ 6	$21	$ 42	$ 231
United States Treasury (reserved against United States notes and treasury notes).....



	152					152
United States Treasury (for certificates outstanding) ............

	633	120			120	7S4
Federal reserve banks (gold settlement fund).............

	1,184		....			1,184
National and federal reserve banks.............
National and federal reserve banks.............	132	6S	38		104	236
National banks (for clearing house certificates)

	9		....			9
Private banks and individuals ...................
Private banks and individuals ...................	405	68	213		281	687
Total ...........	$2,707	$268	I258	$21	IS48	$3.256

* Treasury notes are secured by the dollars here stated as free, as well as by the gold reserve.

The activity of the Mint of the United States is indicated by the following table which gives the coinage by years and by metal:

The location of the metallic moneys of the United States, as of June 30, 1920, was as follows:

	In the Treasury	In National and Federal Reserve Banks	In Other Banks and in Circulation	Total
Gold bullion ..................	$1,794	$ 15		$1,810
Silver bullion ................	21		....	21
Gold coin................	376	116*	$405	898
Silver dollars.............	134	65	68	268
Subsidiary silver coin......	6	39	213	258
Total..................	$2,333	$236	$687	$3,256

* Includes $9,814,000 gold clearing house certificates.

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