Back when gold and silver circulated there were routine questions about their values. These were especially common during the 1890s. The letter transcribed below is posted because it includes both gold and silver coinage values beginning in 1792.
Treasury Department, Bureau of the Mint,
Washington, D.C., August 16,1899
Hon. D. K. Watson,
Mountain Lake Hotel,
Mountain Lake, Virginia.
Sir:
In reply to your letter of the 14th instant, you are respectfully informed that the coining value of one pound of gold under different acts of Congress wherein any change in weight or fineness was made in gold coins of the United States is as follows:
COINING VALUE ONE POUND TROY OF PURE GOLD.
Act of April 2,1792........................... $ 232.7272+
" June 23, 1834........................... 248.27586+
" January 18, 1837........................ 248.06202+
Under all coinage acts from 1792 up to the present time the coining value in silver dollars of a pound of pure silver has remained $15.5151+. The act of 1853 reduced the weight of silver contents of fractional silver coins, and under that act the coining value in such coin of one pound of pure silver would be $16.656+.
The weight of silver contents of subsidiary coin was slightly increased by the Act of 1873 and would make the coining value of a pound of pure silver in such coin $16.5889+.
Respectfully yours,
[Signature] George E. Roberts,
Director of the Mint.