Item #13247 1792 newspaper CONGRESS APPROVES ACT to BEGIN MINTING COPPER COINS Numismatics. George Washington Administration.
1792 newspaper CONGRESS APPROVES ACT to BEGIN MINTING COPPER COINS Numismatics
1792 newspaper CONGRESS APPROVES ACT to BEGIN MINTING COPPER COINS Numismatics
1792 newspaper CONGRESS APPROVES ACT to BEGIN MINTING COPPER COINS Numismatics

1792 newspaper CONGRESS APPROVES ACT to BEGIN MINTING COPPER COINS Numismatics

Salem, Massachusetts: The Salem Gazette, 1792. 1st Edition. Folio. Very Good. Item #13247

An Original 1792 newspaper with a front-page headline report announcing that the U.S. Congress has passed an act to begin minting copper coins, during the first administration of George Washington, when the U.S. government was still in the process of setting up shop, so to speak.

This rare newspaper, "The Salem Gazette" dated June 19, 1792, is in exquisite condition, printed on rag paper and featuring the report prominently at the top of the front page.

This act immediately followed the 'Coinage Act of 1792', which established the U.S. Mint and authorized the printing of silver money.

"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.

"This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency.

"By the Act, the Mint was to be situated at the seat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the Secretary of the Treasury). The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.

The Act pegged the newly created United States dollar to the value of the widely used Spanish silver dollar, saying it was to have "the value of a Spanish milled dollar as the same is now current". - Wiki

Four pages, perfect for framing and display!

1G-055.

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