On this "Day In History" The U.S. Mint was established

On this day, 1792 .... Congress passed the Coinage Act, which authorized establishment of the U.S. Mint. I never really collected coins, however I enjoyed the trips to the U.S. Mint in school as a kid and I do find foreign coins neat ...

One of the most expensive U.S. coins ever was the "Flowing Hair Dollar" First issued in 1794, the Flowing Hair dollar was the first dollar coin that was circulated by the U.S. government. The silver dollar was minted in 1794 and 1795, and its design was based on the popular Spanish dollar which was being traded in the Americas at that time. Its metal composition was 89 percent silver and 11 percent copper. The first U.S. Mint was established in Philadelphia in 1792, though gold and silver coins did not begin production until 2 years later.
In May 2005, a specimen striking from the 1794 production was sold in a private sale for $7.85 million, more than any other coin in history. On January 24, 2013, a 1794 production was sold for a new record $10 million by Stack's Bowers Galleries, including commission.

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