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* 1792 – The Coinage Act is passed establishing the United States Mint.
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Some Related Sentences
1792 and –
* 1792 – King Louis XVI of France is formally arrested by the National Tribunal, and declared an enemy of the people.
* 1794 – U. S. President George Washington invokes the Militia Acts of 1792 to suppress the Whiskey Rebellion in western Pennsylvania.
* 1792 – Maximilien de Robespierre presents the petition of the Commune of Paris to the Legislative Assembly, which demanded the formation of a revolutionary tribunal.
* 1792 – France invades the Austrian Netherlands ( present day Belgium ), beginning the French Revolutionary War.
* 1792 – U. S. President George Washington exercises his authority to veto a bill, the first time this power is used in the United States.
* 1792 – France declares war against the " King of Hungary and Bohemia ", the beginning of French Revolutionary Wars.
* 1792 – French Revolution: Storming of the Tuileries Palace – Louis XVI of France is arrested and taken into custody as his Swiss Guards are massacred by the Parisian mob.
* 1792 – Tiradentes, a revolutionary leading a movement for Brazil's independence, is hanged, drawn and quartered.
* 1792 – La Marseillaise ( the French national anthem ) is composed by Claude Joseph Rouget de Lisle.
1792 and Coinage
This was codified in the 1792 Mint and Coinage Act, and by the Federal Government's use of the " Bank of the United States " to hold its reserves, as well as establish a fixed ratio of gold to the U. S. dollar.
With its acceptance, Sec. 11 of the Coinage Act of 1792 established: " That the proportional value of gold to silver in all coins which shall by law be current as money within the United States, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver ;" the proportion had slipped by 1834 to sixteen to one.
The Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State.
The Coinage Act of 1792 established the dime ( spelled " disme " in the legislation ), cent, and mill as subdivisions of the dollar equal to, and dollar respectively.
The Coinage Act of 1792, passed on April 2, 1792, authorized the mintage of a " disme ", one-tenth the silver weight and value of a dollar.
Since the Coinage Act of 1792 required only that the cent and half cent display their denomination, Draped Bust dimes were minted with no indication of their value.
The eagle is a base-unit of denomination issued only for gold coinage by the United States Mint based on the original values designated by the Coinage Act of 1792.
The Coinage Act or the Mint Act, passed by the United States Congress on April 2, 1792, established the United States Mint and regulated the coinage of the United States.
Although some of the provisions in the 1792 Coinage Act were adjusted as time went by, the majority of the rules specified in this Act remained in effect for many decades.
On May 8, 1792 An Act to Provide For a Copper Coinage was signed into law by President George Washington.
Some numismatists consider the denomination to be the first coin minted by the United States Mint under the Coinage Act of 1792, with production beginning on or about July 1792.
The following types of half dimes were produced by the United States Mint or under the authority of the Coinage Act of 1792:
In fact, this did happen, leading the Mint to change the composition of the cent in 1982 to allow convertibility between the two competing currencies Federal Reserve Notes issued for profit by a private corporation and United States coins Pursuant to Title 31 Section 5111 of the US Code and under the authority of the Coinage Act of 1792 and the constitution.
Congress acted on Hamilton's recommendations in the Coinage Act of 1792, which established the dollar as the basic unit of account for the United States.
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