The Coinage Act of 1792 was passed by Congress on April 2, 1792, establishing a mint for national coinage and the U.S. dollar as the nation's currency.

The Coinage Act went further by legally fixing the gold-to-silver ratio at 15:1 (meaning 15 ounces of silver is equal to 1 ounce of gold) and then pegged the U.S. dollar (denominated in gold and ...

The Coinage Act of 1792 was also known as the Mint Act. ... Half dollar with 208 grains (13.5g) ... Definition, How It Works, Types, and Trading Risks.

Therefore when the United States set up its Mint, in the Coinage Act of 1792, quoted above, it had to accept that its coin and currency had to compete, on price, with that unit.

An uncut sheet of the new Series 2001 one dollar bill notes is stored Nov. 21, 2001 at the Bureau of Engraving and Printing in Washington, DC.

The Coinage Act of 1792 established the US dollar as the country’s official money. President George Washington signed it into law in April 1792—just one year after the Bill of Rights was ratified.

A rare 1794 Silver Dollar is going up for sale and it is believed to be one of the first ... Congress passed the Coinage Act of 1792, which established the country’s first national mint.