The quarter was established by the Mint Act of April 2, 1792, along with four other silver coin denominations: half dimes, dimes, half dollars and silver dollars. These coins were gradually rolled ...

The Mint’s expenses in 1792 were legislated at a minimum of all of $7,900 per year. Coining fees had to exceed call it $8,000 for the place not to have to rely on tax revenue—enabling low ...

History of the penny The United States' one-cent coin was one of the first coins produced by the U.S. Mint following the Coinage Act of 1792. The act was passed in an effort to standardize ...

The 1792 act also required the mint to produce “Half Cents – each to be of the value of half a cent.” These coins were eliminated in 1857 by an act of Congress.