Did anyone lose their deposit receipt?
RogerB
Posts: 8,852 ✭✭✭✭✭
Say...this one?
5
RogerB
Posts: 8,852 ✭✭✭✭✭
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it takes money to make money as the saying goes
Neat !!!
Wow. And by registered mail.
I take it the accounting was by weight? I can't come up with another way that 5's, 10's, and 20's would be measured in half cents?
Presumably;, however, other receipts have exactly the same value for a "pouch," which implies a piece count converted to the $35/oz standard.
Here's another. Not all the transfers were of gold. Note use of "pennies" rather than "cents."
"A mere bag of shells!"--Jackie Gleason
Think of these as bags of Morgan dollars, Barber halves, quarters and dimes, Liberty nickels and Indian cents.... Ah to have been able to search that 'hoard' for keepers.
I also noticed that the person who typed both of the receipts uses an upper case "I" for a 1.
Yep. Typewriters did not have the numeral "1" on them. I think that started with the IBM "Selectric" models, but not sure. Older wide-carriage accounting machines had a separate "1" key at least judging by old documents.
Check the second receipt - just above the list of coins in the lot.
What are "uncurrent coins"????
"Uncurrent coins" refers to either: 1) coins made in years prior to the present one; or, 2) as on this receipt, coins made from earlier, uncurrent designs.
Usage varies, however. The mint Cashiers called all coins dated other than the present one, "priors." But the sub-Treasuies and FRBs just called them "uncirculated" or "circulated," or "light."
The receipt above would have included coins of previous designs including worn mutilated or otherwise withdrawn pieces. On receipt the Denver Mint staff would check the coins for counterfeits and badly worn pieces, then issue the bank a corrected credit against face value. Finally, the uncurrent pieces would eventually be classified as bullion, melted and used as to make new coins. The Mint booked the loss from face to bullion and this was normally kept in a separate account (not counted against seignorage).
Was this helpful, or "too much?"
I'm confused with the second transfer.
5000 dollars = $5000
8500 halves = $4250
7500 quarters = $1875
1500 dimes = $150
300 nickles = $15
100 pennies = $1
Add this up and it's $11291. How does the transfer total become $22900?
My World Coin Type Set
they were using 90 percent silver for the dimes, quarters, halves and dollars, cost more than face value to make the coinage
Those are face values per denomination, not numbers of pieces.
...or they used a lower case L for one.
One thing that comes to mind is that the receipt is proof to some extent that, by 1934, things started to look a little better for commerce.
Pete
I am sure all transfers today are electronic through a secure system. How are these records maintained? Are they all on a monster system? Or do they archive the digital data on memory systems? Future researchers will not have nearly as much fun .....Cheers, RickO
This.
that would be neat to have in the collection. just saying
Sometimes, typists used a capital letter
to represent the numeral "one." I think that was worse than a lower-case 'l.'
Library of Congress and NARA have standard for digital records retention and access. But it is a major problem due to changing digital storage standards and the immense volume of material. I don't know the details. Here is a NARA article n the subject:
https://www.archives.gov/preservation/electronic-records.html
@RogerB ...Wow... thanks Roger.... very interesting. Cheers, RickO
So the quasi-governmental Fed used the government USPS to send to the government mint and paid to insure the shipment?!?
ANA 50 year/Life Member (now "Emeritus")
Most coin shipments were by parcel post or registered mail. The Mint Bureau had, for some years, a preferred rate contract with the Post Office Department. (That is, one part of the government paid another part of the government. That required everyone to stick to their budgets and assigned roles.)
Banks paid shipping and insurance both ways except in unusual circumstances. Sub-Treasuries and FRBs did the same. The rule was that banks paid shipping both ways. Thus, when bank customers wanted new shiny coins for holiday seasons, they had to pay face value plus shipping/insurance to get the coins.
The US Mint paid shipping on 1857 small cents, 1853 3-cent silver, and sometimes other coins when there was a desire to get them into circulation quickly, or to distant regions.