The Establishment Of The United States Mint

On April 2, 1792, Americans witnessed the passage of the Mint Act. This important Act led to the creation of Philadelphia's mint, and paved the way for the production of the currency that is presently used by the United States today. Thomas Jefferson is the original founder of the coin classification system, and was adamant that the United States have it's own personal mint in operation. When the 1792 Mint Act passed, it brought Jefferson's visions for the coinage system into reality, and established the first legitimate mint in the country. It also set the United States' dollar value at 24.75 gold grains. Read more

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