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TeachMeFinance.com - explain Crime of 1873 historic definition... Crime of 1873 -- A phrase applied to the coinage act of February 12, 1873, which discontinued the coinage of the silver dollar by omitting it from the list of coins authorized to be minted (manufactured) by the government. Advocates of the free coinage of silver later declared that the act was passed surreptitiously. The bill was before Congress two years and ten months before it was adopted. It was printed thirteen times by order of Congress. The debates on it occupied sixty-six columns in the Senate proceedings and seventy-eight columns in the House proceedings. The reason the discontinuance of the silver dollar attracted so little public notice at the time was that the metal in it was then worth two cents more than the metal in a gold dollar ; in other words, a silver dollar was worth $1.02 in gold money. Consequently the silver dollar did not circulate and was practically unknown. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.