Comstock Lode in the context of "Nevada"

⭐ In the context of Nevada, the economic impact of the Comstock Lode during the American Civil War is best described as…

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⭐ Core Definition: Comstock Lode

The Comstock Lode is a lode of silver ore located under the eastern slope of Mount Davidson, a peak in the Virginia Range in Virginia City, Nevada (then western Utah Territory), which was the first major discovery of silver ore in the United States and named after Canadian miner Henry Comstock.

After the discovery was made public in 1859, it sparked a silver rush of prospectors to the area, scrambling to stake their claims. The discovery caused considerable excitement in California and throughout the United States, the greatest since the California Gold Rush in 1849. Mining camps soon thrived in the vicinity, which became bustling commercial centers, including Virginia City and Gold Hill.

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👉 Comstock Lode in the context of Nevada

Nevada (/nəˈvædə/ nə-VAD; Spanish: [neˈβaða] ) is a landlocked state in the Western United States. It is also sometimes placed in the Mountain West and Southwestern United States. It borders Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the seventh-most extensive, the 32nd-most populous, and the ninth-least densely populated U.S. state. Nearly three-quarters of Nevada's population live in Clark County, which contains the Las Vegas–Paradise metropolitan area, including three of the state's four largest incorporated cities. Nevada's capital is Carson City. Las Vegas is the largest city in the state. Nevada is the westernmost U.S. state without coastline and also the westernmost landlocked first-level country subdivison in the Americas.

Nevada is officially known as the "Silver State" because of the importance of silver to its history and economy. It is also known as the "Battle Born State" because it achieved statehood during the Civil War (the words "Battle Born" also appear on its state flag); due to the presidency of Abraham Lincoln, the Union benefited immensely from the support of newly awarded statehood by the infusion of the monetary support of nearly $400 million in silver ore generated at the time by the Comstock Lode. It is also known as the "Sagebrush State", for the native plant of the same name; and as the "Sage-hen State". The state's name means "snowy" in Spanish, referring to Nevada's extensive number of mountain ranges capped with snow in winter, which help make Nevada among the highest US states by mean altitude. These include the Carson Range portion of the Sierra Nevada (and about 1/3 of Lake Tahoe by surface area), as well as the Toiyabe Range, Ruby Mountains, and Spring Mountains (which exemplify the sky islands of the Great Basin montane forests), in western, central, northeastern, and southern Nevada, respectively. Nevada is the driest U.S. state, both lying in the rain shadow of the Sierra Nevada and receiving among the highest solar irradiance of any U.S. state, and is thus largely desert and semi-arid. Nevada comprises the majority of the Great Basin, as well as a large portion of the Mojave Desert. In 2020, 80.1% of the state's land was managed by various jurisdictions of the U.S. federal government, both civilian and military.

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Comstock Lode in the context of Carson City, Nevada

Carson City, officially the Carson City Consolidated Municipality, is an independent city and the capital of the U.S. state of Nevada. As of the 2020 census, the population was 58,639, making it the 6th most populous city in the state. The majority of the city's population lives in Eagle Valley, on the eastern edge of the Carson Range, a branch of the Sierra Nevada, about 30 miles (50 km) south of Reno. The city is named after the mountain man Kit Carson (1809-1868). The town began as a stopover for California-bound immigrants, but developed into a city with the Comstock Lode, a silver strike in the mountains to the northeast. The city has served as Nevada's capital since 1861, when it was still a territory. For much of its history, it was a hub for the Virginia and Truckee Railroad, although the tracks were removed in 1950.

Before 1969, Carson City was the county seat of Ormsby County. That year, after a referendum approved merging the city and the county, the state legislature issued a revised city charter that merged them into the Carson City Consolidated Municipality. With the consolidation, the city limits extend west across the Sierra Nevada to the California-Nevada state line in the middle of Lake Tahoe. Like other independent cities in the United States, it is treated as a county-equivalent for census purposes.

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Comstock Lode in the context of Coinage Act of 1873

The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States. By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default. It also authorized a Trade dollar, with limited legal tender, intended for export, mainly to Asia, and abolished three small-denomination coins. The act led to controversial results and was denounced by critics as the "Crime of '73".

By 1869, the Mint Act of 1837, enacted before the California gold rush or the American Civil War affected the monetary system of the United States, was deemed outdated. Treasury Secretary George Boutwell had Deputy Comptroller of the Currency John Jay Knox draft a revised law, introduced into Congress by Ohio Senator John Sherman. Silver's market price then exceeded the value at which the Mint would purchase the metal, suppressing the demand for bullion to be struck into silver dollars. However, Knox and others correctly forecast that development of the Comstock Lode and other rich silver mines would lower silver's market price, making the option of having bullion struck into legal-tender coins attractive. Congress considered the bill for almost three years before passage. During its consideration, it was rarely publicly mentioned, but also was not concealed, that the bill would establish a gold standard by ending bimetallism. The bill became the Act of February 12, 1873, with the signature of President Ulysses S. Grant, and became effective on April 1 of that year.

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Comstock Lode in the context of Virginia City

Virginia City is a census-designated place (CDP) that is the county seat of Storey County, Nevada, United States, and the largest community in the county. The city is a part of the RenoSparks Metropolitan Statistical Area.

Virginia City developed as a boomtown with the 1859 discovery of the Comstock Lode, the first major silver deposit discovery in the United States, with numerous mines opening. The population peaked in the mid-1870s, with an estimated 25,000 residents. The mines' output declined after 1878, and the population declined as a result. As of the 2020 Census, the population of Virginia City was 787.

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Comstock Lode in the context of Virginia & Truckee Railroad

The Virginia and Truckee Railroad (stylized as Virginia & Truckee Railroad) (reporting mark VT) is a privately owned heritage railroad, headquartered in Virginia City, Nevada. Its private and publicly owned route is 14 miles (23 km) long. When first constructed in the 19th century, it was a commercial freight railroad which was originally built to serve the Comstock Lode mining communities of northwestern Nevada.

At its height, the railroad's route ran from Reno south to the state capital at Carson City. In Carson City, the mainline split into two branches. One branch continued south to Minden, while the other branch traveled east to Virginia City. The first section from Virginia City to Carson City was constructed beginning in 1869 to haul ore, lumber and supplies for the Comstock Lode silver mines. After the federal and state governments began competing with the railroad with highways that operated at a loss, the railroad was abandoned in 1950 after years of declining revenue, constrained by the requirement to turn a profit. Much of the track was pulled up and sold, along with the remaining locomotives and cars. In the 1970s, with public interest in historic railroads on the rise, efforts began to rebuild the line. The portion from Virginia City to Gold Hill has been rebuilt by private interests, and is operated separately from a portion from Gold Hill to Mound House, that was rebuilt with public funding and private donations.

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Comstock Lode in the context of Silver standards

Silver standards refer to the standards of millesimal fineness for the silver alloy used in the manufacture or crafting of silver objects. This list is organized from highest to lowest millesimal fineness, or purity of the silver.

  • Fine silver has a millesimal fineness of 999. Also called pure silver, or three nines fine, fine silver contains 99.9% silver, with the balance being some trace amounts of impurities. This grade of silver is used to make bullion bars for international commodities trading and investment in silver. In the modern world, fine silver is understood to be too soft for general use.
  • Britannia silver has a millesimal fineness of at least 958. The alloy is 95.84% pure silver and 4.16% copper or other metals. The Britannia standard was developed in Britain in 1697 to help prevent British sterling silver coins from being melted to make silver plate. It was obligatory in Britain between 1697 and 1720, when the sterling silver standard was restored. It became an optional standard thereafter.
  • The French 1st standard has a milessimal fineness of 950. The French 1st alloy is 95% silver and 5% copper or other metals.
  • 91 zolotnik Russian silver has a millesimal fineness of 947. The zolotnik (Russian золотник, from the Russian zoloto, or золото, meaning gold) was used in Russia as early as the 11th century to denote the weight of gold coins. In its earliest usage, the zolotnik was 1/96 of a pound, but it later was changed to represent 1/72 of a pound. Ninety-one (91) zolotniks have the equivalent millesimal fineness of 947[9]. Thus, the alloy contains 94.79% pure silver and 5.21% copper or other metals.
  • Sterling silver has a millesimal fineness of 925. The sterling silver alloy is 92.5% pure silver and 7.5% copper or other metals. This alloy was used by England and then the United Kingdom from the early 12th century, and Canada, Australia and other countries associated with the British Empire (and later Commonwealth) from the 19th century up to the mid-20th century when debasement took place; Sterling silver’s copper content means that it has a stronger tendency to tarnish than other alloys used in coins.
  • Following a program of debasements in the early-to-mid 20th century, circulating Canadian coinage (with the exception of the nickel) had a millesimal fineness of 800 until 1968. The alloy used contained 80% silver and 20% copper.
  • 88 zolotnik Russian silver has the equivalent millesimal fineness of 916[6]. The alloy contains 91.66% pure silver and 8.34% copper or other metals. (The description of the zolotnik is above.)
  • Coin silver has a millesimal fineness of 900. The term "coin silver" was derived from the fact that much of it was made from melting down silver coins. It is important here to note that there are differences between the coin silver standard and the coin silver alloy, as actually used in making silver objects. The coin silver standard in the United States was 90% silver and 10% copper, as dictated by US FTC guidelines. However, in silversmithing, coins could come from other nations besides the United States, and thus coin silver objects could vary from 750 millesimal fineness (75% silver) to 900 (90% silver). Coins were used as a source of silver in the US until 1868, shortly after the discovery of the Comstock silver lodes in Nevada, which provided a significant source of silver. Around this time the sterling standard was adopted by the American silver industry.
  • 84 zolotnik Russian silver has the equivalent millesimal fineness of 875. The alloy contains 87.5% pure silver and 12.5% copper or other metals. (See above for description of the zolotnik.)
  • Scandinavian silver has a millesimal fineness of 830. The Scandinavian silver alloy contains 83% pure silver and 17% copper or other metals.
  • German silver will be marked with a millesimal fineness of 800 or 835 (80% or 83.5% pure silver). Any items simply marked "German silver", "nickel silver" or "Alpaca" have no silver content at all, but are mere alloys of other base metals.
  • Decoplata has the equivalent millesimal fineness of 720. The alloy contains 72% pure silver and 28% copper. It was used by a number of countries between the 19th century and the present, but it is most associated with coins made in Mexico and the Netherlands in the mid-20th Century.
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Comstock Lode in the context of Eagle Valley (Nevada)

Eagle Valley is the area encompassing Carson City, Nevada. The valley was first settled during the California Gold Rush of 1849. The discovery of Nevada's Comstock Lode in 1859 established the economic importance of the area, which would become the site of the Nevada State Capitol.

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