United States Statutes at Large/Volume 24/49th Congress/2nd Session/Chapter 396
Mar. 3, 1887.Chap. 396.—An act for the retirement and recoinage of the trade-dollar.
Be it enacted by the Senate and House of Representatives of the United Trade-dollars to be exchangeable for silver dollars or coins.States of America in Congress assembled, That for a period of six months after the passage of this act, United States trade-dollars, if not defaced, mutilated, or stamped, shall be received at the office of the Treasurer, or any assistant treasurer of the United States in exchange for a like amount, dollar for dollar, of standard silver dollars, or of subsidiary coins of the United States.
To be recoined into standard silver dollars or coins.Sec. 2. That the trade-dollars received by, paid to, or deposited with the Treasurer or any assistant treasurer or national depository of the United States shall not be paid out or in any other manner issued, but, at the expense of the United States, shall be transmitted to the coinage mints and recoined into standard silver dollars or subsidiary coin, at
the discretion of the Secretary of the Treasury:Proviso.
Not included in purchases of bullion.
Vol. 20, p. 25. Provided, That the trade-dollars recoined under this act shall not be counted as part of the silver bullion required to be purchased and coined into standard dollars as required by the act of February twenty-eighth, eighteen hundred and seventy-eight.
Authority to coin repealed.
R. S., 3520, p. 697.Sec. 3. That all laws and parts of laws authorizing the coinage and issuance of United States trade-dollars are hereby repealed.
Received by the President, February 19, 1887.
[Note by the Department of State.—The foregoing act having been presented to the President of the United States for his approval, and not having been returned by him to the house of Congress in which it originated within the time prescribed by the Constitution of the United States, has become a law without his approval.]