The Coinage Act Of 1792

Filed Under » , ,
Dictionary Says

Definition of 'The Coinage Act Of 1792'

Regulation passed by Congress on April 2, 1792 that established the U.S. Mint. The law also established the U.S. coinage system and placed the mint at the seat of the U.S. government. The law created U.S. eagles, dollars, dismes and cents, and half-denominations of each unit; the value of each of these coins was dependent on the type (gold, silver, copper) and amount of material used to make them.

Investopedia Says

Investopedia explains 'The Coinage Act Of 1792'

The Coinage Act of 1792 was more commonly known as the Mint Act. This act also created five officers of the mint, including a director, an assayer, a chief coiner, an engraver and a treasurer (not to be confused with the Secretary of the Treasury, a wholly separate entity). This act laid the foundation for the modern U.S. currency and is still in effect today, albeit with many modifications over the past two-plus centuries.

Search results for

'The Coinage Act Of 1792'

  • History Of Coinage In The US

    http://www.investopedia.com/articles/economics/10/history-of-US-coinage.asp
    ... The Beginning of US Coinage The first coinage act was passed April 2, 1792, and
    established the United States Mint to oversee all mint operations and manage ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links