Coinage Act of 1873

E130640

The Coinage Act of 1873 was a U.S. federal law that effectively ended the minting of standard silver dollars, placing the nation firmly on the gold standard and sparking the later "Free Silver" political movement.

All labels observed (2)

Label Occurrences
Coinage Act of 1873 canonical 8
Mint Act of 1873 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute
monetary law
administeredBy United States Mint
surface form: Bureau of the Mint

United States Department of the Treasury
alsoKnownAs Crime of 1873
Coinage Act of 1873
surface form: Mint Act of 1873
appliesTo United States monetary system
codifiedIn Revised Statutes of the United States
country United States of America
surface form: United States
dateEnacted 1873-02-12
dateSigned 1873-02-12
effect authorized a trade dollar primarily for use in foreign commerce
created the Bureau of the Mint within the Treasury Department
demonetized silver for standard dollar coinage
eliminated the silver half-dime
eliminated the silver three-cent coin
eliminated the silver two-cent coin
ended the standard silver dollar as a legal-tender coin for unlimited amounts
placed the United States de facto on the gold standard
redefined subsidiary silver coins as tokens with limited legal-tender status
reduced the monetary role of silver in the U.S. coinage system
reorganized the structure of the U.S. Mint
restricted bimetallism in the United States
specified the gold content of the gold dollar unit of value
enactedBy United States Congress
followedBy Bland–Allison Act
the Sherman Silver Purchase Act of 1890
surface form: Sherman Silver Purchase Act
historicalContext post–Civil War monetary debates in the United States
transition from bimetallism to a gold standard
inspired Free Silver movement
surface form: Free Silver political movement
legalTenderStatus limited legal tender for subsidiary silver coins
no legal-tender status for standard silver dollars coined after the act
locationJurisdiction federal
longTermImpact contributed to deflationary pressures in the late 19th century
helped pave the way for formal adoption of the gold standard in 1900
intensified political conflict over silver and gold in the 1870s and 1890s
politicalReaction criticized by silver interests in Western states
denounced by agrarian and debtor groups
labeled the "Crime of 1873" by opponents
precededBy Coinage Act of 1853
purpose to revise and codify the laws relating to the mints and coinage of the United States
relatedTo Free Silver movement
shortTitle Coinage Act of 1873 self-link
signedBy Ulysses S. Grant
signingPresident Ulysses S. Grant
subjectMatter United States Mint
surface form: U.S. Mint organization

coinage
monetary standard

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Coinage Act of 1853 precedes Coinage Act of 1873
the Sherman Silver Purchase Act of 1890 relatedTo Coinage Act of 1873
subject surface form: Sherman Silver Purchase Act of 1890
Bland–Allison Act relatedTo Coinage Act of 1873
Seated Liberty dollar reasonForDiscontinuation Coinage Act of 1873
Trade dollar authorizedBy Coinage Act of 1873
Coinage Act of 1873 shortTitle Coinage Act of 1873 self-link
Coinage Act of 1873 alsoKnownAs Coinage Act of 1873
this entity surface form: Mint Act of 1873
Free Silver movement influencedBy Coinage Act of 1873