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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 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, with the last circulating silver-content halves minted in 1969.
Striking a coin refers to pressing an image into the blank metal disc, or planchet, and is a term descended from the days when the dies were struck with hammers to deform the metal into the image of the dies. Modern dies made out of hardened steel are capable of producing many hundreds of thousands of coins before they are retired and defaced.
These coins began circulating on February 15, 2007. Starting 2012, these coins have been minted only for collectible sets because of a large stockpile. The Susan B. Anthony dollar coin was minted from 1979 to 1981 and 1999. The 1999 minting was in response to Treasury supplies of the dollar becoming depleted and the inability to accelerate the ...
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The Citizens Coinage Advisory Committee (or CCAC) is a federal advisory committee that was established in 2003 to advise the United States Secretary of the Treasury on the themes and designs of all US coinage and medals. [1]
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Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.