These
certificates are of the denomination of $20.
2. #_Silver Dollars and Silver Certificates_#.--There is no silver
bullion circulating as money, for a silver dollar does not contain a
dollar's worth of silver, as the gold dollar does of gold, and the
silver bullion is thus of different value (less value), according to
weight, than the silver dollar. The silver certificates are similar to
the gold certificates, already described, and certify that an equivalent
amount of silver has been deposited in the Treasury.
3. _#Subsidiary and Minor Coins.#_--All coins of a lower denomination
than $1 belong to one or the other of these two classes. There are three
subsidiary coins, the fifty cent, the twenty-five cent, and the ten cent
pieces. The three cent piece is no longer coined. All other coins are
minor coins. The peculiarity of the subsidiary and minor coins is that
they are, as compared with the standard coins (gold and silver dollars),
of a greater value than the value of the metal they contain. The
subsidiary coins are legal-tender to the amount of $10, the minor to
the extent of twenty-five cents. By legal-tender is meant that the
government has ordered that it must be received in payment of all debts
and articles bought. Gold coin and the silver dollars and certificates
are legal-tender to any amount.
4. _#Treasury Notes.#_--Under this head are included that form of money
ordinarily known as "greenbacks," from the color of their backs.
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