{"id":109597,"date":"2017-12-09T14:37:00","date_gmt":"2017-12-09T14:37:00","guid":{"rendered":""},"modified":"2023-01-08T10:53:38","modified_gmt":"2023-01-08T10:53:38","slug":"the-united-states-mint-established-1792-3","status":"publish","type":"post","link":"https:\/\/cvnextjob.com\/index.php\/2017\/12\/09\/the-united-states-mint-established-1792-3\/","title":{"rendered":"The United States Mint established, 1792"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><h3 class=\"post-title entry-title\"><\/h3>\n<div class=\"post-body entry-content\"><a href=\"http:\/\/2.bp.blogspot.com\/_FN98eHvI0Yg\/SdQJmUHKCQI\/AAAAAAAABZY\/Y7avweke27E\/s1600-h\/halfdisme.png\"><img decoding=\"async\" loading=\"lazy\" width=\"105\" height=\"200\" alt=\"\" border=\"0\" id=\"BLOGGER_PHOTO_ID_5319887613669804290\" src=\"http:\/\/cvnextjob.com\/wp-content\/uploads\/2017\/12\/halfdisme.png\" class=\"wp-image-109598\" style=\"cursor: pointer; float: left; height: 200px; margin: 0pt 10px 10px 0pt; width: 105px;\" \/><\/a>On 2nd April 1792, the U.S. Congress passed <span style=\"font-style: italic;\">An act establishing a mint, and regulating the Coins of the United States<\/span>,  more commonly known as The Coinage Act. This legislation established  the United States Mint at the seat of government, then Philadelphia, and  several official positions within the mint to conduct its business: a  Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer. The  act allowed for the roles of Chief Coiner and Engraver to be filled by  one person.<\/p>\n<p>The act also established a decimal system of currency  for the country and set the various denominations of the coins. The  three highest value coins were all made from gold: $10 Eagles, $5 Half  Eagles, and $2.50 Quarter Eagles. Next came five silver coins: $1  Dollars or Units, $0.50 Half Dollars, $0.25 Quarter Dollars, $0.10  Dismes, and $0.05 Half Dismes. The $0.01 Cent and $0.005 Half Cent were  to be made from copper.<\/p>\n<p>Section 10 described the legends and devices to be stamped on the coins:<\/p>\n<blockquote><p>Upon  one side of each of the said coins there shall be an impression  emblematic of liberty, with an inscription of the word Liberty, and the  year of the coinage; and upon the reverse of each of the gold and silver  coins there shall be the figure or representation of an eagle, with  this inscription, &#8220;UNITED STATES OF AMERICA&#8221; and upon the reverse of  each of the copper coins, there shall be an inscription which shall  express the denomination of the peace, namely, cent or half cent, as the  case may require.<\/p><\/blockquote>\n<p>According to the legislation, anyone  could bring gold or silver bullion to the mint and have it made into  coins free of charge or immediately exchange bullion for the equivalent  weight in coins. If you wish to read <a href=\"http:\/\/memory.loc.gov\/cgi-bin\/ampage?collId=llsl&amp;fileName=001\/llsl001.db&amp;recNum=369\">the full text of the act<\/a> it is available on the Library of Congress web site.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 2nd April 1792, the U.S. Congress passed An act establishing a mint, and regulating the Coins of the United States, more commonly known as The Coinage Act. This legislation established the United States Mint at the seat of government, then Philadelphia, and several official positions within the mint to conduct its business: a Director, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":109598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts\/109597"}],"collection":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/comments?post=109597"}],"version-history":[{"count":0,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts\/109597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/media\/109598"}],"wp:attachment":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/media?parent=109597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/categories?post=109597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/tags?post=109597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}