Coinage Act 1792 Gold and Silver Coins!!!

On April 2, 1792 an act was passed namely, Coinage Act which produce most expensive coins of that time.

On 1792 an act was passed, coinage act or mint act which introduce a new method to identify the coins. this was modern type of currency in U.S. . The authorities had decided all the coins are made up with Gold, Silver and Copper.

And the Coins are made up as:
1. Eagles ($10), made of gold
2. Half Eagles ($5), made of gold
3. Quarter Eagles ($2.50), made of gold
4. Dollars ($1), made of silver
5. Half Dollar (50¢), made of silver
6. Quarter Dollar (25¢), made of silver
7. Dimes (10¢), made of silver
8. Half Dimes (5¢), made of silver
9. Cents, made of copper
10. Half Cents, Made of copper

This act created the value of U.S. Dollar and this currency circulating widely at that time. The U.S. currency created the U.S. dollars as nation's currency and become highest valued currency.




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