As the Mint tried to relieve the coin shortage, its minting operations were rapidly depleting the Treasury's stock of silver, a metal whose price was rising to such an extent that by early June a dime contained 9.33 cents worth of silver at market prices.
Its minting operations were rapidly depleting the Treasury's stock of silver. The Mint tried to relieve the coin shortage. Silver was a metal. A dime contained 9.33 cents worth of silver at market prices. This was by early June. A metal's price was rising to such an extent this.