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22, 1864. Weight, 48 grains, composed of 95 per cent. copper and 5 per cent. tin and zinc.

HALF-CENT, (copper).—Authorized to be coined, Act of April 2, 1792. Weight, 132 grains. Weight changed, Act of January 14, 1793, to 104 grains. Weight changed by proclamation of the President, January 26, 1796, in conformity with Act of March 3, 1795, to 84 grains. Coinage discontinued, Act of February 21, 1857.

(G).—THE RATIOS OF GOLD TO SILVER FROM 1760 TO 1833.

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NOTE.-The highest value of silver compared with gold, from 1760 to 1833, was in 1781, when 13.33 ounces of the former were equal to one of the latter. In 1809 it required 16 ounces of silver to purchase an ounce of gold; the difference represents a change of 141⁄2 per cent. Taking 1781 as the year of the highest relative valuation of silver and the average of the first seven months of 1876 as the lowest, shows a change within a period of 95 years of 34 per cent.

Year.

(H).—TABLE SHOWING THE YEARLY AVERAGES OF THE PRICE OF SILVER FROM 1834 TO 1876, AND THE CORRESPONDING RELATIVE VALUES OF GOLD TO SILVER, (PREPARED FROM QUOTATIONS FURNISHED BY PIXLEY AND ABELL, LONDON.) `

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Cents. 101.62

1835

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I to 15.73
I to 15.79

1836

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I to 15.71

1837

5916

117.51

100.98

I to 15.83

1838

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1840

60

119.11

102.36

I to 15.61

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(I).-STATEMENT OF COINAGE FROM THE ORGANIZATION OF THE MINT TO THE CLOSE OF THE FISCAL YEAR ENDED JUNE 30, 1877.

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