On the record
The silver dollar of 412½ grains, by reason of its bullion and intrinsic value being greater than its nominal value, long since ceased to be a coin of circulation, and is melted by manufacturers of silverware.
Source
gutenberg.orgJohn Sherman: “The silver dollar of 412½ grains, by reason of its bullion and intrinsic value being greater than its nominal value…”
Editor's note · Context
Sherman describes the decline of the silver dollar's circulation due to its intrinsic value exceeding its nominal value.
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Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
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