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home | newest check | boards | help index | log | ps | userlogin | send sysop | slog | status forward | bcm news | users | version | remove cookieKF5JRV > TODAY 02.04.26 17:39l 21 Lines 1842 Bytes #8 (0) @ WW BID : 22451_KF5JRV Subj: Today in History - Apr 02 Path: JH4XSY<N3HYM<WW4BSA<VE3CGR<WG0A<N5MDT<KR8X<KF5JRV Sent: 260402/0829Z 22451@KF5JRV.#NWAR.AR.USA.NA BPQ6.0.24 On April 2, 1792, Congress passes the Coinage Act, establishing the United States Mint as the federally authorized producer of the nation窶冱 coin currency. Before the Mint was created, Americans relied on a mix of foreign coins窶覇specially from Europe窶蚤long with barter, using livestock or crops to pay for goods. Various forms of paper currency also circulated in the states. Early proposals for U.S. coin designs included placing the sitting president窶冱 image on one side, but President George Washington dismissed the idea as 窶徇onarchical.窶� Instead, the Coinage Act required that all coins produced by the Mint include an image that 窶彿s emblematic of liberty窶昶杯ypically represented by the face of Lady Liberty. Gold and silver coins must also include an eagle and the words 窶弋he United States of America.窶� The law authorized construction of the Mint building in Philadelphia, then the nation窶冱 capital. About a week after the act became law, Washington appointed scientist, mathematician and statesman David Rittenhouse as the Mint窶冱 first director, at a salary of $2,000 per year. Rittenhouse, who had been serving as the treasurer of Pennsylvania, ran the Mint for three years. The first coins struck were 窶徂alf dimes.窶� Although the source of their silver remains unknown, it might have been donated by Washington, himself窶俳ne enduring legend claims it came from George and Martha Washington窶冱 household silver. These early coins were likely distributed to dignitaries, rather than widely circulated. The first coins produced for general circulation were 11,178 copper cents struck in March 1793. Today, the U.S. Mint produces more than 10 billion coins a year at its four production sites across the country. 73 de Scott KF5JRV Pmail: KF5JRV@KF5JRV.#NWAR.AR.USA.NA Email KF5JRV@gmail.com
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