Coinage Act of 1853
The Coinage Act of 1853, 10 Stat. 160, was a piece of legislation passed by the United States Congress which lowered the silver content of the silver half dime, dime, quarter dollar, and half dollar, and authorized a three dollar gold piece. Although intending to stabilize the country's silver shortage, it, in effect, pushed the United States closer to abandoning bimetallism entirely and adopting the gold standard.
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Coinage Act of 1853
The Coinage Act of 1853, 10 Stat. 160, was a piece of legislation passed by the United States Congress which lowered the silver content of the silver half dime, dime, quarter dollar, and half dollar, and authorized a three dollar gold piece. Although intending to stabilize the country's silver shortage, it, in effect, pushed the United States closer to abandoning bimetallism entirely and adopting the gold standard.
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The Coinage Act of 1853, 10 St ...... in favor of the gold standard.
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cite statutes at large
, Chap. LXXIX
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effectivedate
1853-06-02
enacted by
longtitle
An Act Amendatory of existing ...... er Dollar, Dime, and Half Dime
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nickname
Mint Act of 1853
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passedbody
House
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Senate
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passeddate
1852-03-30
1853-02-15
shorttitle
Coinage Act of 1853
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signeddate
1853-02-21
signedpresident
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subject
comment
The Coinage Act of 1853, 10 St ...... nd adopting the gold standard.
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label
Coinage Act of 1853
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