|Coinage| | Amount coined |Standard|Amount for
Denominations. | com- |Coinage| to June 30, | weight,| which a
|menced.|ceased.| 1884. | grains.|legal tender.
----------------+-------+-------+---------------+--------+---------------
Standard dollars| 1878 | |$175,355,829.00| 412.5 | Unlimited.
Trade dollars | 1873 | 1878 | 35,959,360.00| 420. | Not a legal
| | | | | tender.
Dollars | 1793 | 1873 | 8,045,838.00| 412.5 | Unlimited.
Half dollars | 1793 | | 122,765,735.00| 192.9 | Ten dollars.
Quarter dollars | 1796 | | 38,495,918.75| 96.45| Ten dollars.
Twenty cents | 1875 | 1878 | 271,000.00| 77.16| Five dollars.
Dimes | 1796 | | 18,293,172.50| 38.58| Ten dollars.
Half dimes | 1793 | 1873 | 4,906,946.90| 19.29| Five dollars.
Three cents | 1851 | 1873 | 1,281,850.20| 11.52| Five dollars.
----------------+-------+-------+---------------+--------+---------------
[Illustration: FAC-SIMILE REPRODUCTIONS OF CONTINENTAL CURRENCY.]
Trade-Dollars Coined, Exported, Imported, Melted, and Redeemed (Act of
March 3, 1887).
Coined:
Mint at Philadelphia $5,107,024
Mint at San Francisco 26,647,000
Mint at Carson 4,211,400
-----------
$35,965,924
Exported 28,778,862
Imported 1,706,020
-----------
Net export 27,072,842
-----------
8,893,082
Melted:
{ Previous to Redemption
{ Act $915,346
As bullion. { Excluded from
{ redemption (mutilated
{ pieces, etc.) 4,113
---------- 919,459
{ Mint at Philadelphia 3,427,369
{ Mint at San Francisco 764,263
Redeemed. { Mint at New Orleans 1,871
{ Assay office at New York 3,495,533
----------
Total redeemed 7,689,036
---------
Total melted 8,608,495
---------
Not accounted for and not presented for redemption;
employed in the arts; specimen pieces in the hands
of coin collectors, carried out by emigrants, and
in miscellaneous deposits of coin remelted at mints, etc. $284,587
GROSS PROFITS ON SILVER COINAGE IN 1887.
The seignorage or immediate gross profit on the coinage of silver
dollars—that is, the difference between the cost of the bullion and the
nominal value of the coins—during the fiscal year 1887, was $7,923,558.61.
The seignorage on subsidiary coin manufactured during the year was
$31,704.94, of which $1,130.65 was gained from the recoinage of old
subsidiary coins in the Treasury.
The total seignorage on the silver coinage during the fiscal year was
$7,955,263.55.
As stated in last fiscal report, the balance of silver profits remaining
in the coinage mints on the 1st July, 1886, amounted to $553,201.44.
Adding to this the seignorage of the year, the total gross silver profits
to be accounted for by the mints is $8,508,464.99.
Of this there was paid for expenses of distributing silver coin
$35,059.03, and reimbursed for wastage and loss on sale of sweeps
$20,294.88.
The seignorage on the coinage of silver at the mints of the United States
from July 1, 1878, to the close of the fiscal year ended June 30, 1887,
has amounted to $39,057,566.90.
Tabulated Statement of Expenditures of the Mint at Philadelphia, for the
Fiscal Year ended June 30, 1887.
-----------------------------------------+-----------
Items. | Amount.
-----------------------------------------+-----------
Acids | $7,149.28
Belting | 315.07
Charcoal | 1,873.42
Chemicals | 832.58
Coal | 16,332.20
Copper | 13,585.00
Crucibles, covers, stirrers, and dippers | 3,712.72
Dry goods | 1,198.97
Fluxes | 3,560.91
Freight and drayage | 252.12
Gas | 4,098.78
Gloves and gauntlets | 5,930.40
Hardware | 957.01
Ice | 613.45
Iron and steel | 205.91
Labor and repairs | 3,417.82
Loss on sale of sweeps | 1,301.15
Lumber | 2,109.74
Machinery and appliances | 2,617.49
Metal work and castings | 1,697.61
Oil | 1,047.12
Salt | 117.56
Stationery, printing and binding | 773.42
Sundries | 6,230.61
Telegraphing | 28.87
Washing | 42.67
Wood | 5,432.62
Zinc | 935.57
Steam-power plant | 11,464.27
Manufacture of 5-cent nickel blank | 19,498.50
+-----------
Total |117,332.84
Salaries | 40,665.69
Wages of workmen |426,593.93
+-----------
Aggregate |581,597.46
-----------------------------------------+-----------
Value of the Foreign Gold Coins Deposited at the United States Assay
Office at New York during the Year ended June 30, 1887.
----------------------+---------------+-----------------+---------------
| Denominations | Total of each | Total by
Countries of Coinage. | of coin. | denomination of | countries of
| | coin. | coinage.
----------------------+---------------+-----------------+---------------
Costa Rica | Mixed | 257.56 | $257.56
France | 20 francs | 1,219,351.02 | 1,219,351.02
Germany | 20 marks | 179,121.67 | 179,121.67
Great Britain | Sovereigns | 1,018,036.21 | 1,018,036.21
Japan | Yens | 18,608.37 | 18,608.37
Mexico | 20 pesos | 388,668.88 |
” | 10 pesos | 1,341.64 |
” | Doubloons | 1,178.60 | 391,189.12
Russia | 5 roubles | 155,237.39 |
” | Roubles | 2,596.80 |
” | ½ imperials | 577,223.34 | 735,057.53
Peru | 20 soles | 999.82 | 999.82
Spain | Doubloons | 3,101,388.08 |
” | Isabellines | 98,151.58 |
” | 25 pesetas | 957,276.17 |
” | Mixed | 179,863.62 | 4,336,679.45
U. S. Colombia | Cinco pesos | 709.76 | 709.76
| +-----------------+---------------
Total | | $7,900,010.51 | $7,900,010.51
----------------------+---------------+-----------------+---------------
The total value of both gold and silver deposited and purchased at
the mints of the United States during the fiscal year 1887, not
including redeposits, was $115,979,991.62, and including redeposits,
$131,635,811.34.
The value of the gold and silver received at the mints and assay offices
during the fiscal year 1887, was greater than any previous year since
1881.
IMPROVEMENTS MADE AT THE PHILADELPHIA MINT IN 1887, UNDER THE SUPERVISION
OF HON. DANIEL M. FOX.
Impairment of the foundation of the old engine, together with the
requirement of increased power, at the mint at Philadelphia led to a
special appropriation by Act of Congress of $54,639.20, in accordance
with specifications for the renewal of the steam motive plant and for its
transfer from the centre of the building to space newly provided near the
northern outer wall. The work, undertaken in July, was, by extraordinary
exertions on the part of all engaged, completed early in September, with
an interruption of less than two months to the regular course of complete
operations. Two new 150-horse-power duplex steam-engines and one of
50-horse-power have been erected in the north basement, along with three
tubular boilers, coal bunkers, etc.
By this important improvement in plant valuable space has been secured in
the centre basement and ground floor for vaults and other necessities.
The number of assays made during the year was some 66,000, of which
48,000 were silver and 18,000 gold.
The melter and refiner of the mint operated upon a larger quantity of
bullion than in any previous year in the history of the institution. The
operations by this officer may be stated as follows:
Ounces.
Gold deposits 409,326
Silver deposits 44,239,881
Parted and refined 721,765
As this bullion is handled more than sixteen times in the processes of
melting and preparation for coinage or for manufacture of fine bars, the
combined operations represent a single handling of nearly 25,000 tons.
The operations of the coiner’s department may be stated as follows:
Ounces.
Gold 13,574
Silver 42,924,485
Minor coinage metal 5,588,897
----------
Total 48,526,956
The total coinage was $23,277,600.80, the total number of pieces being
81,532,391.
In addition to the coinage executed during the year, gold and silver bars
were manufactured as follows:
Gold $58,188,953.66
Silver 6,481,611.25
--------------
Total $64,670,564.91
Gold and Silver Bullion in the Mints and Assay Offices July 1, 1887.
--------+-------------
Metal. | Cost.
--------+-------------
Gold | $85,512,270
Silver | 10,455,650
|------------
Total | $95,967,920
--------+------------
Total Metallic Stock in the United States July 1, 1887, Coin and Bullion
included.
--------+---------------
| Value.
--------+---------------
Gold | $654,520,335
Silver | 352,993,566
+---------------
Total |$1,007,513,901
--------+---------------
At the beginning of the fiscal year 1887 there was on hand at the mints
at Philadelphia, New Orleans and San Francisco, silver bullion purchased
for the silver dollar coinage amounting to $2,960,969.02. There was
delivered at the mints on purchases of all kinds during the year, as
above, 29,433,342.27 standard ounces, at a cost of $25,988,620.46,
making the total amount of silver available during the fiscal year
for the silver dollar coinage 32,691,837.93 standard ounces, costing
$28,949,589.48.
The price paid by this Bureau on November 1, 1887, for silver purchases
for the silver dollar coinage was $0.9580.80 per ounce fine.
The production of silver, notwithstanding the large depreciation in the
market value of that metal, has steadily increased from $115,000,000
in 1883 to $130,000,000 in 1886. The production of the world for the
calendar years 1883, 1884, 1885 and 1886 is exhibited in the following
table:
World’s Production of Gold and Silver.
---------+-----------------------+------------------------
| Gold. | Silver.
Calendar +----------+------------+----------+-------------
Years. |Kilograms.| Value.[23] |Kilograms.| Value.[24]
---------+----------+------------+----------+-------------
1883 | 143,533 | $95,392,000| 2,769,197| $115,088,000
1884 | 153,017 | 101,694,000| 2,804,725| 116,564,000
1885 | 154,942 | 102,975,000| 3,062,009| 127,257,000
1886 | 147,097 | 97,761,000| 3,137,175| 130,383,000
---------+----------+------------+----------+-------------
The United States still maintains first rank among the nations of the
world as the largest producer of the precious metals, having produced
during the calendar year 1886 gold and silver of the coining value
of $86,000,000. Mexico retains second rank, with a production of
$33,614,000, of which $33,000,000 was silver. Australia has a production
of $27,647,000, of which $26,425,000 was gold. Russia is credited with a
production of $21,046,000, of which $20,518,000 was gold.
Circulation of Standard Silver Dollars at the end of each six months,
from July 1, 1885, to July 1, 1887, and on October 1, 1887.
----------------+-------------+---------------------------+-------------
| | In the Treasury. |
| +-------------+-------------+
| | Held for | Held in |
Period. | Total | payments of | excess of | In
| coinage. |certificates |certificates | circulation.
| |outstanding. |outstanding. |
----------------+-------------+-------------+-------------+-------------
July 1, 1885 |$203,884,381 |$101,530,946 |$63,882,166 | $38,471,269
January 1, 1886 | 218,259,761 | 93,179,465 | 72,538,725 | 52,541,571
July 1, 1886 | 233,723,286 | 88,116,225 | 93,137,341 | 52,469,720
January 1, 1887 | 249,683,647 | 117,246,670 | 71,259,568 | 61,177,409
July 1, 1887 | 266,990,117 | 142,118,017 | 69,365,953 | 55,506,147
October 1, 1887 | 273,660,157 | 154,354,826 | 58,688,970 | 60,616,361
----------------+-------------+-------------+-------------+-------------
Appropriations for the support of Mints and Assay Offices for the fiscal
year 1888.
----------------+----------+----------+----------+----------+---------
Institutions. | Salaries.| Wages of |Contingent|Repairs of| Total.
| | workmen. | expenses.|buildings.|
----------------+----------+----------+----------+----------+----------
_Coinage mints._| | | | |
| | | | |
Philadelphia | $41,550 | $293,000 | $100,000 | | $434,550
San Francisco | 41,900 | 170,000 | 40,000 | | 251,900
Carson | 29,550 | 60,000 | 25,000 | | 114,550
New Orleans | 31,950 | 74,000 | 35,000 | | 140,950
| | | | |
_Assay offices._| | | | |
| | | | |
New York | 39,250 | 25,000 | 10,000 | | 74,250
Denver | 10,950 | 14,000 | 6,000 | $2,000 | 32,950
Helena | 7,700 | 12,000 | 6,000 | | 25,700
Boise City | 3,000 | | 5,000 | 1,000 | 9,000
Charlotte | 2,750 | | 2,000 | | 4,750
Saint Louis | 3,500 | | 2,400 | | 5,900
----------------+----------+----------+----------+----------+-----------
Total | $212,100 | $648,000 | $231,400 | $3,000 |$1,094,500
----------------+----------+----------+----------+----------+-----------
Comparison of expenditures, years 1886 and 1887.
-----------------------+--------------+--------------
Appropriations. | 1886. | 1887.
-----------------------+--------------+--------------
Salaries |$ 189,331.48 | $192,907.13
Wages of workmen | 593,865.07 | 601,787.25
Contingent expenses | 164,183.47 |[25]193,704.93
Standard silver dollar | 119,976.00 | 200,189.02
-----------------------+--------------+--------------
Total |$1,067,356.02 | $1,188,588.33
-----------------------+--------------+--------------
Production in round numbers of precious metals in United States for 1886.
-----------------------------+------------+-------------+------------
State or Territory. | Gold. | Silver. | Total.
-----------------------------+------------+-------------+------------
Alaska | $446,000 | $2,000 | $448,000
Arizona | 1,110,000 | 3,400,000 | 4,510,000
California | 14,725,000 | 1,400,000 | 16,125,000
Colorado | 4,450,000 | 16,000,000 | 20,450,000
Dakota | 2,700,000 | 425,000 | 3,125,000
Georgia | 152,500 | 1,000 | 153,500
Idaho | 1,800,000 | 3,600,000 | 5,400,000
Montana | 4,425,000 | 12,400,000 | 16,825,000
Nevada | 3,090,000 | 5,000,000 | 8,090,000
New Mexico | 400,000 | 2,300,000 | 2,700,000
North Carolina | 175,000 | 3,000 | 178,000
Oregon | 990,000 | 5,000 | 995,000
South Carolina | 37,500 | 500 | 38,000
Utah | 216,000 | 6,500,000 | 6,716,000
Washington | 147,000 | 80,000 | 227,000
Texas | | 200,000 | 200,000
Alabama, Tennessee, Virginia,| | |
Vermont, Michigan, | | |
and Wyoming | 5,000 | 5,000 | 10,000
-----------------------------+------------+-------------+------------
Total |$34,869,000 | $51,321,500 | $86,190,500
-----------------------------+------------+-------------+------------
Production of the United States from 1880 to 1886.
---------------+-----------+-----------+-------------
Calendar Years.| Gold. | Silver. | Total.
---------------+-----------+-----------+-------------
1880 |$36,000,000|$39,200,000|$75,200,000
1881 | 34,700,000| 43,000,000| 77,700,000
1882 | 32,500,000| 46,800,000| 79,300,000
1883 | 30,000,000| 46,200,000| 76,200,000
1884 | 30,800,000| 48,800,000| 79,600,000
1885 | 31,800,000| 51,600,000| 83,400,000
1886 | 35,000,000| 51,000,000| 86,000,000
---------------+-----------+-----------+-------------
Gold and silver product in the United States and amount coined in 1886.
GOLD.
Value of the product of the mines, 1886 $98,000,000
Coinage executed in 1886 $92,650,000
Recoinage 9,600,000
-----------
Net coinage 1886 83,050,000
-----------
Leaving new gold for employment in the arts $14,950,000
===========
SILVER.
Value of the product of the mines, 1886 $130,000,000
Coinage executed in 1886 $124,670,000
Recoinage 13,950,000
------------
Net coinage 1886 110,720,000
-----------
Leaving new silver for employment in the arts $19,280,000
===========
Minor Coins Shipped to the Different States and Territories from the Mint
at Philadelphia during the Fiscal Year 1887.
--------------------+------------+------------
| 1-cent | 5-cent
State or Territory. | bronze. | nickel.
--------------------+------------+------------
Alabama | $25.00 | $5,375.00
Arkansas | 20.00 | 890.00
Arizona | 20.00 |
California | 1,215.00 | 11,585.00
Colorado | 105.00 | 6,090.00
Connecticut | 6,230.00 | 6,010.00
Delaware | 385.00 | 950.00
District of Columbia| 200.00 | 300.00
Dakota | 1,590.00 | 3,640.00
Florida | 190.00 | 840.00
Georgia | 490.00 | 3,020.00
Indiana | 10,669.37 | 18,710.00
Iowa | 8,330.00 | 11,970.00
Illinois | 51,831.00 | 68,355.00
Idaho | | 80.00
Kentucky | 1,775.00 | 12,950.00
Kansas | 4,440.00 | 8,720.00
Louisiana | 400.00 | 6,510.00
Michigan | 17,840.00 | 11,786.00
Massachusetts | 38,815.00 | 39,210.00
Minnesota | 10,405.00 | 13,615.00
Maine | 1,325.00 | 1,215.00
Mississippi | 25.00 | 250.00
Montana | | 2,020.00
Maryland | 14,270.00 | 22,070.00
Missouri | 7,650.00 | $49,490.00
New York | 128,125.00 | 73,870.00
North Carolina | 1,035.00 | 1,290.00
New Jersey | 12,965.00 | 11,835.00
New Hampshire | 800.00 | 2,600.00
New Mexico | | 400.00
Nebraska | 2,710.00 | 14,865.00
Ohio | 29,015.00 | 34,990.00
Oregon | 20.00 | 3,510.00
Pennsylvania | 25,509.00 | 45,045.00
Rhode Island | 6,951.00 | 3,100.00
South Carolina | 800.00 | 2,865.00
Texas | 150.00 | 7,320.00
Tennessee | 1,280.00 | 15,890.00
Utah | | 1,320.00
Virginia | 3,080.00 | 5,540.00
Vermont | 1,370.00 | 900.00
West Virginia | 1,235.00 | 2,380.00
Wisconsin | 7,230.00 | 10,755.00
Washington Territory| | 500.00
Wyoming | | 260.00
+------------+------------
Total |$400,510.37 |$544,686.00
--------------------+------------+------------
Minor Coins Struck and Remelted from the Organization of the Mint, and
the Amount Outstanding June 30, 1887.
---------------------+---------------+--------------+---------------
| | | Outstanding,
Denomination. | Coined. | Remelted. | June 30, 1887.
---------------------+---------------+--------------+---------------
Copper cents | $1,562,887.44 | $372,741.70 | $1,190,145.74
Copper half cents | 399,926.11 | |
Copper nickel cents | 2,007,720.00 | 735,616.30 | 1,272,103.70
Bronze cents | 4,319,275.48 | 24,517.11 | 4,294,758.37
Bronze 2-cent pieces | 912,020.00 | 292,128.08 | 619,891.92
Nickel 3-cent pieces | 903,705.00 | 175,541.44 | 728,163.56
Nickel 5-cent pieces | 8,691,671.75 | 61,934.00 | 8,629,737.75
+---------------+--------------+---------------
Total |$18,437,205.78 |$1,662,478.63 |$16,734,801.04
---------------------+---------------+--------------+---------------
On the 30th June, 1886, the amount of minor coin in the Treasury was
$377,814. Of this amount over $160,000 proved to be in 3-cent nickel
pieces, for which there was no demand, and over $60,000 in uncurrent
minor coins of former issues was transferred for recoinage, confined to
1-cent bronze and 5-cent nickel pieces. The demand for 1-cent bronze
and 5-cent nickel pieces, at first sudden, has since been urgent and
continuous; at times largely beyond the ability of the mint to promptly
meet.
Operations Fiscal Year, 1887.
Bars manufactured:
Gold $58,188,953.66
Silver 6,481,611.25
-----------------
Total 64,670,564.91
===============
Coinage executed:
Gold $22,393,279.00
Silver 34,366,483.75
Minor 943,650.65
----------------
Total 57,703,413.40
===============
Refinery earnings $143,258.52
SUMMARY OF THE OPERATIONS OF THE MINTS AND ASSAY OFFICES.
The value of the gold and silver deposited at the mints and assay offices
of the United States during the fiscal year 1887 was $131,635,811.34.
This aggregate, however, but partially measures the successive operations
upon the bullion represented by this value. For example, it may be
interesting to show the operations by the melters and refiners of the
four mints and of the assay office at New York, as measured by the value
of the bullion successively operated upon. These may be stated as follows:
Bullion Operated upon by the Melters and Refiners, 1887.
--------------+------------------+--------------
Metal. | Standard ounces. | Value.
--------------+------------------+--------------
Gold | 5,919,878 | $110,137,265
Silver | 70,764,794 | 82,344,487
+------------------+--------------
Total value | | $192,481,752
--------------+------------------+--------------
The operations of the coinage departments of the mints were as follows:
Operations of Coinage Departments, 1887.
--------------+------------------+--------------
Metal. | Standard ounces. | Value.
--------------+------------------+--------------
Gold | 2,632,005 | $48,967,440
Silver | 61,896,692 | 72,025,241
+------------------+--------------
Total value | | $120,992,681
--------------+------------------+--------------
The 1-cent and 2-cent bronze pieces were recoined into 1-cent bronze
pieces, and the copper nickel 1-cent, and the 3-cent and 5-cent nickel
pieces were used in the coinage of new 5-cent nickel pieces.
Form and Location of the Moneys of the United States and the Bullion
awaiting Coinage in the Mints July 1, 1887.
[Exclusive of Minor Coin and Minor-Coinage Metal.]
-------------------------+---------------+---------------+--------------
| | In National |In other Banks
| In Treasury. | Banks.[26] | and General
| | | Circulation.
-------------------------+---------------+---------------+--------------
METALLIC. | | |
Gold bullion | $85,512,270| |
Silver bullion | 4,091,414| |
Silver bullion (melted | | |
trade dollars) | 6,364,236| |
Gold coin | 192,368,915|[27]$98,137,439| $278,501,711
Silver dollar | 211,483,970| 6,343,213| 49,162,934
Subsidiary silver coin | 26,977,493| 2,813,138| 45,757,168
+---------------+---------------+--------------
Total | $526,798,298| $107,293,790| $373,421,813
+===============+===============+==============
REPRESENTATIVE. | | |
Legal-tender notes |[28]$28,783,796| $74,477,342| $243,419,878
Old demand notes | | | 57,130
Certificates of deposit | 310,000| 7,810,000| 960,000
Gold certificates | 30,261,380| 54,274,940| 36,950,497
Silver certificates | 3,425,133| 3,535,479| 138,582,538
National bank notes | 197,046| 22,962,737| 256,058,005
Fractional paper currency| 2,366| 564,266| 6,380,332
+---------------+---------------+--------------
Total | $62,979,721| $163,624,764| $682,408,380
-------------------------+---------------+---------------+--------------
-------------------------+---------------
|
| Total.
|
-------------------------+---------------
METALLIC. |
Gold bullion | $85,512,270
Silver bullion | 4,091,414
Silver bullion (melted |
trade dollars) | 6,364,236
Gold coin | 569,008,065
Silver dollar | 266,990,117
Subsidiary silver coin | 75,547,799
+---------------
Total |$1,007,513,901
+===============
REPRESENTATIVE. |
Legal-tender notes | $346,681,016
Old demand notes | 57,130
Certificates of deposit | 9,080,000
Gold certificates | 121,486,817
Silver certificates | 145,543,150
National bank notes | 279,217,788
Fractional paper currency| 6,946,964
+---------------
Total | $909,012,865
-------------------------+---------------
Gold and Silver Coin in the United States November 1, 1887.
----------------------+------------+-------------------------------------
| | Silver Coin.
| +------------+-----------+------------
Date. | Gold Coin. | Full Legal |Subsidiary.| Total
| | Tender. | | Silver.
----------------------+------------+------------+-----------+------------
Last official | | | |
statement | | | |
July 1, 1887 |$569,008,065|$266,990,117|$75,547,799|$342,537,916
Gain subsequent to | | | |
above statement | | | |
(estimate) | 5,919,808| 10,120,040| 210,387| 10,330,427
+------------+------------+-----------+------------
Estimate for November | | | |
1, 1887 |$574,927,873|$277,110,157|$75,758,186|$352,868,343
----------------------+------------+------------+------------------------
----------------------+-------------
|
| Total Gold
Date. | and Silver
| Coin.
----------------------+-------------
Last official |
statement |
July 1, 1887 |$911,545,981
Gain subsequent to |
above statement |
(estimate) | 16,250,235
+-------------
Estimate for November |
1, 1887 |$927,796,216
----------------------+-------------
Estimate of Coin Circulation July 1, 1887.
------------------------------+------------+--------------+--------------
Items. | Gold. | Silver. | Total.
------------------------------+------------+--------------+--------------
Estimated circulation July 1, | | |
1886 |$548,320,031| $308,784,223 | $857,104,254
Coinage for fiscal year 1887 | 22,393,279| 34,366,483 | 56,759,762
Net imports | 2,311,739| 409,151 | 2,720,890
+------------+--------------+--------------
Total |$573,025,049| $343,559,857 | $916,584,906
+============+==============+==============
Less deposits of United | | |
States coin | 516,984| 821,941 | 1,338,925
Used in the arts | 3,500,000| 200,000 | 3,700,000
+------------+--------------+--------------
Total | 4,016,984| 1,021,941 | 5,038,925
+============+==============+==============
Estimated circulation July 1, | | |
1887 |$569,008,065| $342,537,916 | $911,545,981