Description: 1834 newspaper with inside-page detailed report on NUMISMATICS, describing THE COINAGE ACT OF 1834 regulating the design and weight of a New LIBERTY EAGLE COIN to be minted at Philadelphia- inv # 4R-319 Please visit our EBAY STORE for THOUSANDS of HISTORICAL NEWSPAPERS on sale or at auction. SEE PHOTO----- COMPLETE, ORIGINAL NEWSPAPER, the Niles Weekly Register (MD) dated August 30, 1834 with fantastic NUMISMATICS history as the U.S. attempts to standardize the use of gold by minting a new Gold "Classic Head" Eagle coin. In the first half of the nineteenth century, U.S. money was circulated in both metallic and paper currency. As established by the Coinage Act of 1792, silver coins were authorized in denominations of $0.05, $0.10, $0.25, $0.50 and $1.00. After the Coinage Act of 1834, silver (which was previously overvalued with respect to gold) became significantly undervalued and was exported to European markets where it was traded at a higher price. This led to its near disappearance from par-circulation after 1834. Despite the attempts by Jackson, Taney and members of Congress to supplant paper currency in favor of "hard-money," there were over a thousand banks issuing their own notes in small denominations (between $0.01 and $2.50) The Coinage Act of 1834 was passed by the United States Congress on June 27, 1834. It raised the silver-to-gold weight ratio from its 1792 level of 15:1 (established by the Coinage Act of 1792) to 16:1 thus setting the mint price for silver at a level below its international market price. After its passage, one ounce of gold was the equivalent of $20.67. The silver content of the silver dollar was left unchanged at 371.25 grains and the fine content of gold coins was reduced from 24.75 grains to 23.2 grains Good condition. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect your purchase from damage in the mail. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We list thousands of rare newspapers with dates from 1570 through 2004 on Ebay each week and we ship packages twice a week. This is truly SIX CENTURIES OF HISTORY that YOU CAN OWN! Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 45 years. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 45+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursers) for sale.
Price: 28 USD
Location: Oxford, Maryland
End Time: 2023-10-10T18:39:14.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
