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U.S. Congressional Reports

This series covers Congressional reports with numismatic content. These documents provide insight into the legislative process underlying activities of the Mint and the Bureau of Engraving and Printing.

 

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    Report of the committee to whom was referred the bill from the Senate to "suspend the second section of the act, entitled 'An Act Regulating Foreign Coins and for Other Purposes." 12/27/1810

    Report of the committee to whom was referred the bill from the Senate to "suspend the second section of the act, entitled 'An Act Regulating Foreign Coins and for Other Purposes."

    A House committee report on legal tender status of foreign coin. The same text is in the American State Papers, finance (class 3), volume 2, no. 331.

    Paul Hybert summary: "A House committee’s opinion on the legal tender status of certain foreign coins, based upon the latest assay results from Treasury Secretary Albert Gallatin. Because the U.S. mint is not capable of satisfying the domestic coinage needs, certain foreign gold and silver coins should be granted legal tender status at specified rates for only three years; afterwards, Spanish milled dollars (and its parts) should be the only foreign coinage with legal tender status. Although the prior rate for Spanish gold coins was four per cent too high, the committee feels no relief should be provided to the current holders of Spanish gold coins when a corrected rate is established."

    A transcription is at: http://www.chicagocoinclub.org/lib/us/asp/cl03.finance/v2/n331.html.


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