Coinage Act of 1965: Hearings Before ... , 89-1 on H.R. 8746, (superseded by H.R. 8926) ... , June 4, 7, and 8, 19651965 - 418 pages |
Common terms and phrases
50-cent piece 500 fineness aluminum amount of silver annual blanks cent CHAIRMAN circulation clad coins coin shortage coin-operated devices coinage alloy coinage demand coinage material coinage requirements coinage system columbium committee Congress consumption of silver continue copper cost counterfeiting cupronickel deficit demand for silver density dimes and quarters electrical resistivity estimated existing coinage existing silver Free World half dollar hoarding increase Kennedy half dollar legislation manufacture market price melting metal million ounces mining minting nickel silver operation ounces of silver percent silver possible present coins present silver price of silver problem proposed Public acceptability question rejectors reserves Secretary FOWLER seigniorage silver certificates silver coins silver consumption silver content silver dollar silver in coinage silver prices silver supply silver-copper alloy slugs stainless steel stocks of silver subsidiary coinage Table tion Treasury stocks troy ounces U.S. coinage United United States coinage vending machines WELFLING WIDNALL zinc zirconium
Popular passages
Page 2 - State to another, or to a foreign country, shall be forfeited to the United States, and may be seized and condemned by like proceedings as those provided by law for the forfeiture, seizure and condemnation of property imported into the United States contrary to law.
Page 9 - Whenever in the judgment of the Secretary of the Treasury such action is necessary to protect the currency system of the United States," the Secretary of the Treasury, in his discretion, may require any or all individuals, partnerships, associations and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals...
Page 10 - Act, and shall review from time to time such matters as the needs of the economy for coins, the standards for the coinage, technological developments in metallurgy and coin-selector devices, the availability of various metals, renewed minting of the silver dollar, the time when and circumstances under which the United States should cease to maintain the price of silver, and other considerations relevant to the maintenance of an adequate and stable coinage system.
Page 414 - Code of 1954 (relating to registration) is amended by striking out ", narcotics, marihuana," and ", 4722, 4753,?'. (c) Section 6808 of the Internal Revenue Code of 1954 (relating to special provisions relating to stamps) is amended by striking out paragraph (8). (d) Section 7012 of the Internal Revenue Code of 1954 (relating to cross references) is amended by striking out subsections (a) and (b). (e) Section...
Page 12 - The Joint Commission shall study the progress made in the implementation of the coinage program established by this Act, and shall review from time to time such matters as the needs of the economy for coins, the standards for the coinage, technological developments in metallurgy and coin.selector devices, the availability of various metals, renewed minting of the silver dollar, the time when and circumstances...
Page 7 - Last year, $3>£ billion worth of consumer items were sold through 3J-2 million of these machines. On more than 30 billion separate occasions a consumer made a purchase by putting a coin in a machine. In growing numbers, factories, hospitals, and other places now depend upon automatic vending for the service of goods. A million and a half people now rely upon coin-controlled vending for at least one meal a day.
Page 2 - Reserve banks and national banking associations) , regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues. SEC. 103. (a) In order to acquire equipment, manufacturing facilities, patents, patent rights, technical knowledge and assistance, metallic strip, and other materials necessary to produce rapidly an adequate supply of the coins authorized by section 101 of this Act, the Secretary may enter into contracts upon such...
Page 9 - Act from natural deposits in the United States or any place subject to the jurisdiction thereof and tendered to a United States mint or assay office within one year after the month in which the ore from which it is derived was mined.
Page 413 - Silver certificates shall be exchangeable on demand at the Treasury of the United States for silver dollars or at the option of the Secretary of Treasury at such places he may designate for silver bullion at a monetary value equal to the face amount of the certificates.
Page 5 - There is no dependable or likely prospect that new, economically workable sources of silver may be found that could appreciably narrow the gap between silver supply and demand. The optimistic outlook is for an increase in production of about 20 percent over the next 4 years. This would be of little help. Further, because silver is produced chiefly as a byproduct of the mining of copper, lead, and zinc, even a very large increase in the price of silver would not stimulate silver production sufficiently...