Democratic Sentinel, Volume 1, Number 51, Rensselaer, Jasper County, 1 February 1878 — The Old Silver Dollar a Legal Tender. [ARTICLE]

The Old Silver Dollar a Legal Tender.

Secretary Sherman, in a recent letter to the Burlington Hawk-Eye, says: The old silver dollar, if any are in existence, coined before 1873, is a legal tender for all sums, but, practically, there have been none in circulation since 1837, when the change was made in the standard from 15 of silver to 1 of gold to 16 to 1; but all silver coins are now a legal tender to the extent of $5. This is an important concession. The goldite organs have demonstrated over and over again that the old silver dollar, alluded to by Secretary Shermanite worth only 92 cents; but here is proof that it is held to be worth as much as the gold dollar.