SALVAGE AT THE MINT
, In an American Mint at Denver the superintendent is taking out of storage all the old silver dollars for making into small coins. About 13 million damaged or defaced coins dating back to ISSO. and taken out of circulation over many years, will be used. Now their melting and re-use will serve the war effort in two ways: Valuable copper will not have to be diverted to making the new coins, because the old dollars are already alloyed for coinage, their silver being mixed with copper. Approximately 10.400.000 troy ounces of virgin silver, about 360 tons, will be made available for use elsewhere than in coins. It will not be necessary to mint any silver dollars, for there is still a reserve of approximately 30,000.000 new ones stored in the Denver vaults. In fact, none have been»made there for nine years, as the use of silver dollars is not ex.tntive. Eastern America prefers the lignt and compact currency, and many a tourist in past years has been thrilled at the strange Western custom of using silver dollars in everyday transactions, and has taken some one or more as a souvenir.
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Bay of Plenty Times, Volume LXXII, Issue 13333, 21 December 1943, Page 7
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194SALVAGE AT THE MINT Bay of Plenty Times, Volume LXXII, Issue 13333, 21 December 1943, Page 7
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