Why No CC Morgans in ‘86-‘88?

Veep

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jmlanzaf

johnny9434

Politics played alot here as well. It's a learning thing 🙂

M4Madness

@johnny9434 said:
Politics played alot here as well. It's a learning thing 🙂

Yep. Democrat Grover Cleveland was elected president in 1885 and the Carson City mint superintendent James Crawford (who had the ear of big politicians) died the day before the presidential inauguration. Cleveland fired all the Republicans at the Carson City mint and closed it down.

Republican Benjamin Harrison was elected in 1888 and reopened the mint. Grover Cleveland won a second term in 1892 and closed it down again, this time for good.

Walkerfan

@M4Madness said:

@johnny9434 said:
Politics played alot here as well. It's a learning thing 🙂

Yep. Democrat Grover Cleveland was elected president in 1885 and the Carson City mint superintendent James Crawford (who had the ear of big politicians) died the day before the presidential inauguration. Cleveland fired all the Republicans at the Carson City mint and closed it down.

Republican Benjamin Harrison was elected in 1888 and reopened the mint. Grover Cleveland won a second term in 1892 and closed it down again, this time for good.

Thanks for that. I just learned something new. One of the MANY reasons that I come here every day.

johnny9434

The silver Barrans played a influence for a time as well. Kind of like copper in the day, jmo

olympicsos

It would be nice to see the US Mint reopen the Carson City mint. I think it would be a more popular mint to mint bullion coins than West Point.

JCH22

Cleveland favored gold over silver in the monetary standard debate. He would later go on to sign the repeal of the Sherman Silver Purchase Act of 1890.

From a message he gave to Congress in December 1885:

"Those who do not fear any disastrous consequences arising from the continued compulsory coinage of silver as now directed by law, and who suppose that the addition to the currency of the country intended as its result will be a public benefit, are reminded that history demonstrates that the point is easily reached in the attempt to float at the same time two sorts of money of different excellence when the better will cease to be in general circulation. The hoarding of gold which has already taken place indicates that we shall not escape the usual experience in such cases."

Silver prices were in decline. The bullion value of the silver dollar would drop from 89 cents in 1878, to:

1890 81 cents,
1893 60 cents
1895 50 cents.

Rc5280

@johnny9434 said:
Politics played alot here as well. It's a learning thing 🙂

Thanks for filling in some important facts in regards to the OP's question. "AI" reveals itself once again.

johnny9434

@Rc5280 said:

@johnny9434 said:
Politics played alot here as well. It's a learning thing 🙂

Thanks for filling in some important facts in regards to the OP's question. "AI" reveals itself once again.

Your welcome