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Monday, December 21, 2020

No New $2.50 Pieces for Christmas Gifts This Year, Dec. 21, 1920

Washington, D.C., Dec. 21—National and other banks have been requested by John Burke, Treasurer of the United States, not to distribute gold coins for holiday purposes. The request is in line with the policy of the treasury to conserve the gold reserve, it was explained today, but when gold is demanded upon gold obligations the demands will be met. Old gold will be paid, however, and no $2.50 gold pieces will be issued, as the coining of these pieces has been stopped. (From the front page of The Commonwealth, Scotland Neck, N.C., Dec. 21, 1920)

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