Fact checked by Yarilet Perez Reviewed by Samantha Silberstein Before the first coinage act in the United States, citizens of the U.S. exchanged goods and services through the barter system. At this ...

The Coinage Act of 1792 was also known as the Mint Act ... would consist of no less than 1/3 the total of all $1 coins. An American Eagle Gold Coin was worth $2,881.90 as of mid-day on Jan ...