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 Treasury. | In National Banks.[26] | In other Banks and General Circulation. | Total. | |
|---|---|---|---|---|
| METALLIC. | ||||
| Gold bullion | $85,512,270 | $85,512,270 | ||
| Silver bullion | 4,091,414 | 4,091,414 | ||
| Silver bullion (melted trade dollars) | 6,364,236 | 6,364,236 | ||
| Gold coin | 192,368,915 | [27]$98,137,439 | $278,501,711 | 569,008,065 |
| Silver dollar | 211,483,970 | 6,343,213 | 49,162,934 | 266,990,117 |
| Subsidiary silver coin | 26,977,493 | 2,813,138 | 45,757,168 | 75,547,799 |
| Total | $526,798,298 | $107,293,790 | $373,421,813 | $1,007,513,901 |
| REPRESENTATIVE. | ||||
| Legal-tender notes | [28]$28,783,796 | $74,477,342 | $243,419,878 | $346,681,016 |
| Old demand notes | 57,130 | 57,130 | ||
| Certificates of deposit | 310,000 | 7,810,000 | 960,000 | 9,080,000 |
| Gold certificates | 30,261,380 | 54,274,940 | 36,950,497 | 121,486,817 |
| Silver certificates | 3,425,133 | 3,535,479 | 138,582,538 | 145,543,150 |
| National bank notes | 197,046 | 22,962,737 | 256,058,005 | 279,217,788 |
| Fractional paper currency | 2,366 | 564,266 | 6,380,332 | 6,946,964 |
| Total | $62,979,721 | $163,624,764 | $682,408,380 | $909,012,865 |
Gold and Silver Coin in the United States November 1, 1887.
| Date. | Gold Coin. | Silver Coin. | Total Gold and Silver Coin. | ||
|---|---|---|---|---|---|
| Full Legal Tender. | Subsidiary. | Total Silver. | |||
| Last official statement July 1, 1887 | $569,008,065 | $266,990,117 | $75,547,799 | $342,537,916 | $911,545,981 |
| Gain subsequent to above statement (estimate) | 5,919,808 | 10,120,040 | 210,387 | 10,330,427 | 16,250,235 |
| Estimate for November 1, 1887 | $574,927,873 | $277,110,157 | $75,758,186 | $352,868,343 | $927,796,216 |