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Examples
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Bland-Allison and subsequent legislation that required bullion purchases eventually exhausted silver stockpiles in 1904.
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Though half dollars continued to be produced after Bland-Allison, mintages dropped dramatically after 1878.
Liberty Seated Half Dollar, Motto, With Drapery, Arrows, 1873-1874 : Coin Guide 2009
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In order to prop up the price of silver, the Bland-Allison Act of 1878 required the U.S. Treasury to purchase $2 to $4 million worth of silver bullion every month.
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In order to prop up the price of silver, the Bland-Allison Act of 1878 required the U.S. Treasury to purchase $2 to $4 million worth of silver bullion every month.
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The solution to this problem was political, in the form of the 1878 Bland-Allison Act, which mandated monthly purchases of millions of ounces of silver bullion by the federal government in order to produce a new dollar coin (the best denomination for using up a lot of silver), the Morgan dollar.
Liberty Seated Half Dollar, Motto, With Drapery, Arrows, 1873-1874 : Coin Guide 2009
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With high production levels and reduced demand, American mining interests needed a market for their product, which was provided by the 1878 Bland-Allison Act. This Act required the Treasury to purchase millions of ounces of silver bullion each month so that a new silver dollar could be made; the dollar chosen because that denomination used more silver than coins of lesser face value.
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Beginning in 1878, all of the mints, including Carson City, were primarily occupied with the production of silver dollars as a result of the Bland-Allison Act. Gold coins were also in production at the various mints.
The Amazing Eliasberg 1889-CC Dollar, MS68 : Coin Collecting News 2008
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Though half dollars continued to be produced after Bland-Allison, mintages dropped dramatically after 1878.
Liberty Seated Half Dollar, Motto, With Drapery, Arrows, 1873-1874 : Coin Guide 2009
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The solution to this problem was political, in the form of the 1878 Bland-Allison Act, which mandated monthly purchases of millions of ounces of silver bullion by the federal government in order to produce a new dollar coin the best denomination for using up a lot of silver, the Morgan dollar.
Liberty Seated Half Dollar, Motto, With Drapery, Arrows, 1873-1874 : Coin Guide 2009
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With high production levels and reduced demand, American mining interests needed a market for their product, which was provided by the 1878 Bland-Allison Act.
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