The standard silver series was devised as a means of redeeming fractional currency notes using pieces of reduced weight. In effect, these were token coinage as they were worth less than their face value.
The Mint produced the same 3 designs for the dime, quarter and half dollar as the previous year and 2 reverse designs, one the same as last year, the other with a cotton wreath. These pieces were struck in silver, copper and aluminum with either plain or reeded edges and were sold to collectors for $15 per set.
We show all nine pieces below with the new cotton wreath. To see the other reverse design set, click here to see the 1869 set.
Photos used courtesy of Teletrade, Heritage, Superior, Winthrop Carner and Tangible Asset Galleries.