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Letter from the Secretary of the Treasury ... regulating the currency of certain foreign coins within the United States

(1819)


Periodical Summary

The Secretary of the Treasury reports to Congress on circulation of gold and silver. The same text appears in the American State Papers, finance (class 3), volume 3, report no. 550 (see also report no. 549, on exportation of U.S. coin).

Paul Hybert summary: "Responding to a query from the Senate, Treasury Secretary Crawford feels the mint can satisfy the need for gold coins, but feels foreign silver coins are needed for a few more years. He relays a letter, from mint director Patterson, that touches on production capabilities of the mint as well as the possible cause for the domestic scarcity of gold coins; he includes a London newspaper article on the ratio of gold to silver in Europe, as well as a listing of the fineness of silver coins as determined at the mint. "

See transcription at: http://www.chicagocoinclub.org/lib/us/asp/cl03.finance/v3/n550.html

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