Minor Coins Struck and Remelted from the Organization of the Mint, and the Amount Outstanding June 30, 1887.

Denomination.Coined.Remelted.Outstanding,
June 30, 1887.
Copper cents$1,562,887.44$372,741.70$1,190,145.74
Copper half cents399,926.11
Copper nickel cents2,007,720.00735,616.301,272,103.70
Bronze cents4,319,275.4824,517.114,294,758.37
Bronze 2-cent pieces912,020.00292,128.08619,891.92
Nickel 3-cent pieces903,705.00175,541.44728,163.56
Nickel 5-cent pieces8,691,671.7561,934.008,629,737.75
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
Silver6,481,611.25
Total64,670,564.91
Coinage executed:
Gold$22,393,279.00
Silver34,366,483.75
Minor943,650.65
Total57,703,413.40
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.
Gold5,919,878$110,137,265
Silver70,764,79482,344,487
Total value$192,481,752