The
value of the gold deposited at the mints was $84,067,712, of which
$32,444,007 was of domestic production, and $39,092,051 consisted of
foreign gold bullion and coin imported into the United States.
The deposits and purchases of silver at the mints amounted, at coining rate, to $40,947,792.
The imports of gold into the United States during the calendar year 1887 were:
Imports of Gold and silver in 1887.
Gold bullion (principally foreign)..................................... $19,524,641
Gold coin (foreign).................................................... 19,652,042
Gold coin (United States).............................................. 5,712,616
Total gold...................................................... $44,889,299
Silver bullion........................................................, 5, 373,001
Silver coin (foreign).................................................. 10,197,139
Trade dollars........................................................ 831,176
Subsidiary silver coin..................,............................... 371, £98
Total silver.....................................................616,772,614
Nearly all of the silver bullion imported was from Mexico, and nearly all of the silver coin consisted of Mexican dollars.
Silver ores were also imported, principally from Mexico, of the value of $4,242,135.
The exports of bullion and coiu from the United States in the calendar year 1887 consisted of:
Exports of (/old and silver in 1887.
Gold bullion.........,................................................. $1,089,776
Foreign gold coin...................................................... 4, 048, 991
United States gold coin................................................. 4,005,659
Domestic silver bullion (at its commercial value)........................ 19,703,551
Foreign silver coin (principally to China) .............................. 7,894,041
Subsidiary coin........................................................ 47,396
There
was a gain in gold to the United States by imports over exports of
$35,071,297, and a loss of silver by exports of $ 7,159,667; a net gain
to this country of bullion and coin of $28,511,630.
The
price of silver varied considerably during the year, the highest price
being 47-1/8 pence per ounce (British standard), and the lowest 43-1/4
pence. The average price of silver during the year was about 98 cents
