for

Ibid., s. 13, ante,

SEC. 3514. The standard for both gold and silver coins of Standard gold and silver the United States shall be such that of one thousand parts coins. by weight nine hundred shall be of pure metal and one hun- p. 92. dred of alloy. The alloy of the silver coins shall be of copper. The alloy of the gold coins shall be of copper, or of copper and silver; but the silver shall in no case exceed one-tenth of the whole alloy.

coins,

their weight and

Ibid., s. 16, ante,

93.

SEC. 3515. The minor coins of the United States shall be Minor a five-cent piece, a three-cent piece, and a one-cent piece. The alloy. alloy for the five and three cent pieces shall be of copper p. and nickel, to be composed of three-fourths copper and onefourth nickel. The alloy of the one-cent piece shall be ninety-five per centum of copper and five per centum of tin and zinc, in such proportions as shall be determined by the Director of the Mint. The weight of the piece of five cents shall be seventy-seven and sixteen-hundredths grains troy; of the three-cent piece, thirty grains; and of the one-cent piece, forty-eight grains.

SEC. 3516. No coins, either of gold, silver, or minor coinage, shall hereafter be issued from the Mint other than those of the denominations, standards, and weights set forth in this Title.

Issue of other coins prohibited. Ibid., s. 17.

Inscriptions Ibid, s. 18, ante.

upon coins.

SEC. 3517. Upon the coins there shall be the following devices and legends: Upon one side there shall be an impression emblematic of liberty, with an inscription of the P. 94. word "Liberty" and the year of the coinage, and upon the reverse shall be the figure or representation of an eagle, with the inscriptions "United States of America" and "E Pluribus Unum," and a designation of the value of the coin; but on the gold dollar and three-dollar piece, the dime, five, three, and one cent piece, the figure of the eagle shall be omitted; and on the reverse of the silver trade-dollar the weight and the fineness of the coin shall be inscribed.

bars.

Ibid., s. 19.

SEC. 3518. At the option of the owner gold or silver may Gold and silver be cast into bars of fine metal, or of standard fineness, or unparted, as he may prefer, with a stamp upon the same designating the weight and fineness, and with such devices impressed thereon as may be deemed expedient to prevent fraudulent imitation, and no such bars shall be issued of a less weight than five ounces.

SEC. 3519. Any owner of gold bullion may deposit the same at any mint, to be formed into coin or bars for his benefit. It shall be lawful, however, to refuse any deposit of less value than one hundred dollars, or any bullion so base as to be unsuitable for the operations of the Mint. In cases where gold and silver are combined, if either metal

Coining gold posits may be re

bullion; when de

fused.

Ibid., s. 20.

Silver bullion

may be received

bars or trade-dollars.

p. 94.

be in such small proportion that it cannot be separated advantageously, no allowance shall be made to the depositor for its value.

SEC. 3520. Any owner of silver bullion may deposit the for forming into same at any mint, to be formed into bars, or into dollars of the weight of four hundred and twenty grains troy, desig. Ibid.,8. 21, ante, nated in this Title as trade-dollars, and no deposit of silver for other coinage shall be received. Silver bullion contained in gold deposits, and separated therefrom, may, however, be paid for in silver coin, at such valuation as may be, from time to time, established by the Director of the Mint.

Weighing bull

ion and ascertaining its value.

Ibid., 8. 2.

Assay of bull

ion.

p. 95.

SEC. 3521. When bullion is deposited in any of the mints, it shall be weighed by the superintendent, and, when practicable, in the presence of the depositor, to whom a receipt shall be given, which shall state the description and weight of the bullion. When, however, the bullion is in such a state as to require melting, or the removal of base metals, before its value can be ascertained, the weight, after such operation, shall be considered as the true weight of the bullion deposited. The fitness of the bullion to be received shall be determined by the assayer, and the mode of melting by the melter and refiner.

SEC. 3522. From every parcel of bullion deposited for Ibid.,8. 23, ante, coinage or bars, the superintendent shall deliver to the assayer a sufficient portion for the purpose of being assayed. The bullion remaining from the operations of the assay shall be returned to the superintendent by the assayer.

Assayer to report to superin

SEC. 3523. The assayer shall report to the superintendent ndent qualityof the quality or fineness of the bullion assayed by him, and bullion assayed. Ibid., s. 24. such information as will enable him to compute the amount of the charges hereinafter provided for, to be made to the depositor.

Charges for converting bullion, &c., into coin.

Ibid., s. 25.

part, by act Jan.

post, p. 143.]

SEC. 3524. The charge for converting standard gold bullion into coin shall be one-fifth of one per centum. The [Repealed, in charges for converting standard silver into trade-dollars for 14. 1875. 8. 2. See melting and refining when bullion is below standard, for toughening when metals are contained in it which render it unfit for coinage, for copper used for alloy when the bullion is above standard, for separating the gold and silver when these metals exist together in the bullion, and for the preparation of bars, shall be fixed, from time to time, by the Director, with the concurrence of the Secretary of the Treasury, so as to equal but not exceed, in their judgment, the actual average cost to each mint and assay-office of the material, labor, wastage, and use of machinery employed in each of the cases aforementioned.

posits and coun

SEC. 3525. The assayer shall verify all calculations made. Assayer to verify calculations by the superintendent of the value of deposits, and, if sat- of the value of de isfied of the correctness thereof, shall countersign the cer- tersign certifitificate required to be given by the superintendent to the Ibid,s. 26, ante, depositor.

cates.

p. 95.

bullion for silver

ver-profit fund.

SEC. 3526. In order to procure bullion for the silver coin- Purchase of age authorized by this Title, the superintendents, with the coinage: the sil approval of the Director of the Mint, as to price, terms, and Ibid., s. 27. quantity, shall purchase such bullion with the bullion-fund. The gain arising from the coinage of such silver bullion into coin of a nominal value exceeding the cost thereof shall be credited to a special fund denominated the silver-profit fund. This fund shall be charged with the wastage incurred in the silver coinage, and with the expense of distributing such silver coins as hereinafter provided. The balance to the credit of this fund shall be from time to time, and at least twice a year, paid into the Treasury of the United States.

p. 96.

SEC. 3527. Silver coins other than the trade-dollar shall Paying out silver coins for gold be paid out at the several mints, and at the assay-office coins authorized. in New York City, in exchange for gold coins at par, in sums, Ibid., s. 28, ante, not less than one hundred dollars. It shall be lawful, also, to transmit parcels of the same, from time to time, to the assistant treasurers, depositaries, and other officers of the United States, under general regulations proposed by the Director of the Mint, and approved by the Secretary of the Treasury. Nothing herein contained shall, however, prevent the payment of silver coins, at their nominal value, for silver parted from gold, as provided in this Title, or for change less than one dollar in settlement for gold deposits. But for two years after the twelfth day of February, eighteen hundred and seventy-three, silver coins shall be paid at the Mint in Philadelphia and the assay-office in New York City, for silver bullion purchased for coinage, under such regulations as may be prescribed by the Director of the Mint and approved by the Secretary of the Treasury.

Purchase of coinage; the minor-coinage profit-fund.

metal for minor

SEC. 3528. For the purchase of metal for the minor coinage authorized by this Title, a sum not exceeding fifty thousand dollars in lawful money of the United States shall be transferred by the Secretary of the Treasury to the credit Ibid., 8. 29. of the superintendent of the Mint at Philadelphia, at which establishment only, until otherwise provided by law, such coinage shall be carried on. The superintendent, with the approval of the Director of the Mint as to price, terms, and quantity, shall purchase the metal required for such coinage by public advertisement, and the lowest and best bid shall

Delivery of mi. nor coins; redemption.

Ibid.,8. 30, ante, P, 96.

Transfer of bullion for formation into ingots.

P, 97.

be accepted, the fineness of the metals to be determined on the Mint assay. The gain arising from the coinage of such metals into coin of a nominal value, exceeding the cost thereof, shall be credited to the special fund denominated the minor-coinage profit fund; and this fund shall be charged with the wastage incurred in such coinage, and with the cost of distributing said coins as hereinafter provided. The balance remaining to the credit of this fund, and any balance of profits accrued from minor coinage under former acts, shall be, from time to time, and at least twice a year, covered into the Treasury.

SEC. 3529. The minor coins authorized by this Title may, at the discretion of the Director of the Mint, be delivered in any of the principal cities and towns of the United States, at the cost of the Mint, for transportation, and shall be exchangeable at par at the Mint in Philadelphia, at the discretion of the superintendent, for any other coins of copper, bronze, or copper-nickel heretofore authorized by law. It shall be lawful for the Treasurer and the several assistant treasurers and depositaries of the United States to redeem, in lawful money, under such rules as may be prescribed by the Secretary of the Treasury, all copper, bronze, and copper-nickel coins authorized by law when presented in sums of not less than twenty dollars. Whenever, under this authority, these coins are presented for redemption in such quantity as to show the amount outstanding to be redundant, the Secretary of the Treasury is authorized and required to direct that such coinage shall cease until otherwise ordered by him.

SEC. 3530. Parcels of bullion shall be, from time to time, transferred by the superintendent to the melter and refiner. Ibid.,8. 31, ante, A careful record of these transfers, noting the weight and character of the bullion, shall be kept, and vouchers shall be taken for the delivery of the same, duly receipted by the melter and refiner. The bullion thus placed in the hands of the melter and refiner shall be subjected to the several processes which may be necessary to form it into ingots of the legal standard, and of a quality suitable for coinage.

Ingots to be as

for.

Ibid., s. 32.

SEO. 3531. The ingots so prepared shall be assayed. If sayed and receipt- they prove to be within the limits allowed for deviation from the standard, the assayer shall certify the fact to the superintendent, who shall thereupon receipt for the same, and transfer them to the coiner.

Delivery of ingots to coiner for coinage.

Ibid., s. 35.

SEC. 3532. The superintendent shall, from time to time, deliver to the coiner ingots for the purpose of coinage. A careful record of these transfers, noting the weight and

character of the bullion, shall be kept, and vouchers shall be taken for the delivery of the same, duly receipted by the coiner. The ingots thus placed in the hands of the coiner shall be subjected to the several processes necessary to make from them coins in all respects conformable to law. SEC. 3533. No ingots shall be used for coinage which dif fer from the legal standard more than the following propor- coinage. tions, namely: In gold ingots, one thousandth; in silver Ibid.,8. 33, ante, ingots, three thousandths; in minor-coinage alloys, twentyfive thousandths, in the proportion of nickel.

SEC. 3534. The melter and refiner shall prepare all bars required for the payment of deposits; but the fineness thereof shall be ascertained and stamped thereon by the assayer. The melter and refiner shall deliver such bars to the superintendent, who shall receipt for the same.

Standards of ingots used for

p. 97.

Preparation and stamping of bars for payment

of deposits. Ibid., 8. 34.

lowed in adjust

gold coins.

SEC. 3535. In adjusting the weights of the gold coins, the Deviations alfollowing deviations shall not be exceeded in any single ing weights of piece: In the double-eagle and the eagle, one-half of a Ibid.,s. 36, ante, grain; in the half-eagle, the three-dollar piece, the quarter- p. 98. eagle, and the one-dollar piece, one-fourth of a grain. And in weighing a number of pieces together, when delivered by the coiner to the superintendent, and by the superintendent to the depositor, the deviation from the standard weight shall not exceed one hundredth of an ounce in five thousand dollars in double-eagles, eagles, half-eagles, or quartereagles, in one thousand three-dollar pieces, and in one thousand one-dollar pieces.

of silver coins. [The word "a

Ibid., s. 37.

inserted in fourth line, after weigh.

in

by act of

Feb. 27, 1877, vol.

SEC. 3536. In adjusting the weight of the silver coins the following deviations shall not be exceeded in any single piece: In the dollar, the half and quarter dollar, and in the dime, one and one-half grains. And in weighing [a] large number of pieces together, when delivered by the coiner to 19, p. 249.] the superintendent, and by the superintendent to the depositor, the deviations from the standard weight shall not exceed two-hundredths of an ounce in one thousand dollars, half-dollars, or quarter-dollars, and one-hundredth of an ounce in one thousand dimes.

SEC. 3537. In adjusting the weight of the minor coins provided by this Title, there shall be no greater deviation allowed than three grains for the five-cent piece and two grains for the three and one cent pieces.

SEC. 3538. The coiner shall, from time to time, as coins are prepared, deliver them to the superintendent, who shall receipt for the same, and who shall keep a careful record of their kind, number, and actual weight. In receiving coins it shall be the duty of the superintendent to ascertain, by

of minor coins. Ibid., s. 38.

Delivery of

coins by coiner and trial of

pieces.

Ibid., e. 39.