![]() ![]() Plate IV: The Reward of Cruelty by William Hogarth That's already been shown to be a failed remedy. Rehabilitation is not up for reconsideration. Our preferred method of punishment would be by "dissected and anatomised". Images Credit: National Numismatic Collection, National Museum of American History.Actions: Cite this text | Print-friendly versionĪre Counterfeiting and Treason any less painful a crime upon the people today? We vote "Nay!" Hasn't our central government stolen real money by bank note deception and broken sworn promises of redeemability from the American people and their foreign trading partners? And haven't our current leaders and appointees past and present lied knowingly to perpetuate these crimes ? To this, we vote "Yea!" on both charges. ![]() You can see a copy of the original act here : MONEY LAW The Coinage Act of Ap. 1793 Flowing Hair Chain Cent – National Museum of American History It was struck only during 1793 and was replaced by the Wreath Cent the same year. The Flowing Hair Chain cent was America’s first large cent and the first circulating coin officially produced by the United States Mint. Foreign coins were still legal tender until 1857. The silver dollar was equivalent to the Spanish dollar (known as the piece of eight). Image: National Numismatic Collection, National Museum of American History Silver Dollars followed in 1794 with the Flowing Hair Dollar. The lower denomination coins were minted first, appearing in 1793. Since that time our coinage of dimes, and quarters, and half dollars, and dollars have contained 90 percent silver. And that act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States. Photograph taken 1908, the mint is now demolished.Īlthough Jefferson’s plan was approved by Congress, nothing much happened until 1792 when the Coinage/Mint Act was passed and a Mint was founded in Philadelphia. The Coinage Act of 1965 supersedes the act of 1792. Silver dimes include the Draped Bust, Capped Bust, Liberty Seated, Barber (or Liberty Head), Mercury (or Winged Liberty) and the current Franklin D. Disme coins are not common as they were only minted in 1792. Philadelphia Mint established in 1792 The First Philadelphia Mint (1792-1833). The dime, originally called the disme in the Coinage Act of 1792, was made of Silver through 1964. Dollars would be silver and higher denomination coins would be gold. Thomas Jefferson proposed a system for the US where the dollar could be divided in 100 small units. One ounce coins were common in Europe, although the American wanted no connection with Britain and its crown. They named the one ounce silver coin a Dollar after the German/Austrian Thaler. In 1781 individual States were allowed to make their own coinage. Coins from Spain, Mexico, Britain and other European countries were used. ![]() BackgroundĪlthough the US became an independent nation in 1776, the country did not have its own currency. The act was enacted by the 2nd United States Congress and signed by President George Washington on April 2, 1792. #Coinage act of 1792 freeIt also allowed anyone having gold or silver bullion to have their metal exchanged for an equivalent value coin, free of charge. It created the United States Silver Dollar as the standard money and lawful tender of the United States, together with a decimal system for US currency. The United States Coinage Act of 1792 (or Mint Act) was “An Act establishing a Mint, and regulating the Coins of the United States”. ![]()
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