New Orleans coinage

The refurbishment and recommissioning of the New Orleans Mint was due partly to the fact that in 1878 the Federal government in Washington, D.C. had passed the Bland–Allison Act, which mandated the purchase and coining of a large quantity of silver yearly. The Treasury Department needed additional facilities to do so. It reopened the New Orleans facility primarily to coin large quantities of silver dollars, most of which were simply stored in the building instead of circulated. President Rutherford B. Hayes appointed former Mississippi Senator and governor Henry S. Foote the new superintendent of the mint.

During this second period of operation, the Mint also struck dimes, quarters, half dollars, $5 half eagles, $10 eagles and, in 1879 only, 2,325 double eagles. It should also be noted that the New Orleans Mint was used by the Federal authorities in 1907 to coin over five and a half million silver twenty-centavo pieces for the Mexican government as part of the American government's program of producing foreign coinage. The New Orleans Mint, whose coins can be identified by the "O" mint mark found on the reverse of its coinage, earned a reputation for producing coins of a mediocre quality; their luster is usually not as brilliant as those of other mints, and center areas tend to be flattened and not sharply struck. Thus, well-struck New Orleanian coinage is prized in the numismatic world today.

This Set Includes: