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The Coinage Act of 1857 (Act of Feb. 21, 1857, Chap. 56, 34th Cong., Sess. III, 11 Stat. 163) was an act of the United States Congress which ended the status of foreign coins as legal tender, repealing all acts "authorizing the currency of foreign gold or silver coins". Specific coins would be exchanged at the Treasury and re-coined.
Coinage Act of 1849, created two new denominations of gold coins, $1 and $20. Coinage Act of 1853, reduced the silver in half-dollar, quarter, dime, and half-dime coins; authorized a $3 gold coin. Coinage Act of 1857, forbid use of foreign coins as legal tender, reduced the size of the cent, ended the half-cent coin.
Signed into law by President Ulysses S. Grant on February 12, 1873. The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States. By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their ...
The two cases were Knox v. Lee and Parker v. Davis. The U.S. federal government had issued paper money known as United States Notes during the American Civil War, pursuant to the terms of the Legal Tender Act of 1862. In the 1869 case of Hepburn v. Griswold, the Court had held that the Legal Tender Act violated the Due Process Clause of the ...
The piece was to be again of billon, and provision for the coin was included in early drafts of the Mint Act of 1837, but the proposal was dropped when Peale was able to show that the coin could be easily counterfeited. [3] 1836 pattern for the two-cent piece. Until 1857, the cent coin was a large copper piece, containing about its face value ...
An Act to Provide For a Copper Coinage. On May 8, 1792, An Act to Provide For a Copper Coinage [1 Stat. 283]] was signed into law by President George Washington. It followed the precedent of the Fugio cent of 1787 in establishing the copper cent, from which descends today's one-cent piece. The Act also stipulated that "the director of the mint ...
It was slightly smaller than a modern U.S. quarter with diameters 22 mm (1793), 23.5 mm (1794–1836), and 23 mm (1840–1857). [2] They were all produced at the Philadelphia Mint. The Coinage Act of February 21, 1857 discontinued the half-cent and the similar large cent, and authorized the small cent (Flying Eagle cent).
The Coinage Act of 1853, 10 Stat. 160, was a piece of legislation passed by the United States Congress which lowered the silver content of the silver half dime, dime, quarter dollar, and half dollar, and authorized a three dollar gold piece. Although intending to stabilize the country's silver shortage, it, in effect, pushed the United States ...