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Copper Coinage Act of 1792 was penned as two sections providing authorizations and rulings for the issuance of authentic copper currency by the United States Mint. U.S. Mint Director, appointed and endorsed by the Coinage Act of 1792 , was authorized to contract and purchase a quantity of a group 11 element being pure or unalloyed copper.
The first Philadelphia Mint, built in 1792, photographed in 1908, and later demolished. The Coinage Act of 1792 entered into law on April 2, proclaiming the creation of the United States Mint. Philadelphia at that time was the nation's capital, and the first mint facility was built there.
The Coinage Act of 1792 (also known as the Mint Act; officially: An act establishing a mint, and regulating the Coins of the United States), passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. [1]
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...
Coinage Act of 1792; Copper Coinage Act of 1792; G. Great Book of the Public Debt; P. Panic of 1792 This page was last edited on 4 February 2024, at 16:26 (UTC). Text ...
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However, the Coinage Act of 1792 specified that the cent was to consist of 11 pennyweight (264 grains or 17.1 g) of pure copper. [7] Such a weight, needed to maintain intrinsic value, would have been too heavy for practical everyday use. [2]