Letter from James Pollock, Director of the Mint to S. P. Chase, Secretary of the Treasury
This letter describes in detail the process and effect that the new coins would have in issues such as counterfeiting, devaluation, and cost. It also critiques proposed phrases to be added to the coins, including "God and our Country," "In God we Trust," and "God is our Shield."
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Extracted text
OCR Page 1 of 7of the United
th
Philadelphia, Dec 15, 1863.
Heml P.bhale
see. of the hundry
Dear Sir
has been received, and I am gratefyed to gind such
your letter of the 9 thirst,
general coneuend of ferent in relation to the newcoming
the cost of the proposed coinage will be less than the
mickee cent; and will not exceed of material
I lahn 50 in) a one halfcant for the cent coin; and about
one cent for the two-cent piece", the cost being de-
pendent on the functuations of the market, the new
coins will han sufficient intrinsic value for all
purposes intended by their comage; and will be a Source
of mefal to the government, thus aiding to defray the fenand
espences of the minh.
they will be expared to no greater risks glounter
feiting than any of the copper a nickel coinage of
farmer jeais, the character of the coin - the small
Excels of legal over denominations
intrinsic value in
so low- the artistic skill in their execution. - the in -
created penalty te for counterfecting, propote. a in the
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