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Report of the Committee ... to enquire whether ... alterations are necessary in the law, intituled "An act regulating foreign coins ; and for other purposes."

(1797)


Periodical Summary

A congressional report on circulation of foreign and domestic coin. The text is also in the American State Papers, finance (class 3), volume 1, report no. 117.

Paul Hybert summary: "A report from the committee tasked with examining the act regulating foreign coins. It appears that little US silver coinage circulates distant from the mint, and foreign coins still are heavily used. They recommend that the period for accepting foreign silver and gold coins be extended beyond the previous limit. A Treasury circular of November, 1797 is attached — silver French crowns will be accepted beyond the lawful period, and information on which coins are current locally is requested."

A transcription is at: http://www.chicagocoinclub.org/lib/us/asp/cl03.finance/v1/n117.html.

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