Retracing the History of U.S. Coins

If you are planning on coin collecting near Rockville, MD, it is a great idea to research the fascinating history of coins in the United States. By looking back at the history of coins, you can find some amazing collectible coins that will be highly sought after by coin dealers and coin collectors. Here is a look back at some of the highlights in the history of U.S. coins.

The First American Coins

The history of coins in America can be retraced to 1792, when the very first coinage act was enacted by Thomas Jefferson. By passing the coinage act, Jefferson placed the responsibility of coin production in the hands of the U.S. Mint. Founding fathers Thomas Jefferson and Benjamin Franklin both contributed research and ideas towards the design of the very first public coins.

Creation of the Dollar Coin

The introduction of the dollar coin represented an important milestone in the history of coins in the United States. This very first dollar coin was inspired by similar coinage that was used in European nations. The U.S. decided to implement the dollar coin to discourage citizens from trading in foreign currency.

Evolution of the Modern Coin

By the 1950s, some of the metals that were used to create coins had gone into short supply. To help supplement coin production, the U.S. government passed a law called the Coin Act. The Coin Act made it legal to manufacture coins that were made of several different types of metals.

To learn more about the history of coins in the United States, be sure to get in touch with Coins of the Realm. Our coin specialists will be happy to identify any coins that are in your collection, and we can also provide you with the coin supplies you need to protect your valued items. Call our Rockville location at (301) 340-1640 to learn more about the great services that we have to offer you.

Categories: History

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