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because they didn't have enough money

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Juana Sporer

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Continue Learning about General History

Why did the coinage act of 1873 cause protest?

The Coinage Act of 1873 stopped the minting of silver coins.


How were the pieces of eight cut during the minting process?

During the minting process, pieces of eight were cut from a silver coin blank using a cutting press or a hand-operated cutting tool. The blanks were placed on a die, and a sharp blade was pressed down to cut the coin into smaller pieces.


What was roman money made of?

Throughout the centuries, the roman currency saw many changes. Gold, silver, brass and copper being the materials used. Their shape and minting changing frequently.


Is a 1984 penny that appears to be made of steel possible?

This coin has two possibilities; One is that someone has altered the coin after minting, such as coating it with mercury, ETC. A related possibility is that the zinc base coin lost its copper plating, or was never plated in the first place. This type of coin is worth only face value. The second possibility is that it is a misstruck coin. This type of error in minting is called 'Wrong Planchet'. The only planchet that a penny can be mistakenly minted on is a dime planchet. These are extremely rare and are worth $250.00.


What are silverites?

Silverites were supporters of the free coinage of silver in the late 19th and early 20th centuries, primarily in the United States. They believed that increasing the money supply by minting silver coins would alleviate economic difficulties and help farmers and workers by raising prices and wages. Silverites often opposed the gold standard, advocating for bimetallism as a way to promote economic growth and reduce debt. The movement was notably prominent during events like the 1896 presidential election, where figures like William Jennings Bryan championed their cause.

Related Questions

What is Sunshine Minting's population?

Sunshine Minting's population is 2,009.


Why was there a gap in the minting of the Peace Dollar?

For the same reason there was a small gap in the minting of quarters: The Great Depression.


What institution of the government is responsible in minting and printing its currency?

The Treasusry department is responsible for minting and printing the US currency.


What is the process of making coins?

Minting


What is a coin with a minting error called?

its FIDOA coin containing a minting error. [ f(reaks), i(rregulars), d(efects), o(ddities)


How long does it take to make a hub?

Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins? Im studying this for school. Need to know how long it takes to make a Hub for minting coins?


What is that name called when you make coins?

Coinage or minting.


Which of these is not a responsibility of the Federal Reserve Bank?

minting coins


How long was silver used in the minting of nickels?

222


Who laid the foundations of modern minting of coins?

Romans


Who laid the fountains of modern minting of coins?

romans


What name is used for the production of coins?

The process is called 'minting'/