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Rupert (Vermont, United States) (search for this): entry coinage-united-states
on, said Wood had the conscience to make thirteen shillings out of a pound of brass. The power of coinage was exercised by several of the independent States from 1778 until the adoption of the national Constitution. A mint was established at Rupert, Vt., by legislative authority in 1785, whence copper cents were issued, bearing on one side a plough and a sun rising from behind hills, and on the other a radiated eye surrounded by thirteen stars. Some half-cents also were issued by the Vermontntre, the sentence We are one. On the other side a sun-dial, with the sun above it, and the word Fugio; and around whole, Continental currency, 1776. Below the dial, Mind business. A few of these pieces, it is said, were struck in a mint at Rupert, Vt. The national Constitution vested the right of coinage exclusively in the national government. The establishment of a mint was authorized by act of Congress in April, 1792, but it did not go into full operation until 1795. During the interv
Boise (Idaho, United States) (search for this): entry coinage-united-states
en eagle of 10 dollars was to weigh 270 grains, the parts in the same proportion; all of the fineness of 22 carats. The silver dollar, of 100 cents, was to weigh 416 grains, the fractions in proportion; the fineness, 892.4 thousandths. The copper cent was to weigh 264 grains; the half-cent in proportion. In 1793 the weight of the cent was reduced to 208 grains, and the half-cent in the same proportion. Assay offices were established at New York in 1854; at Denver, Col., in 1864; and at Boise, City, Ida., in 1872. In 1873 Congress made the mint and assay offices a bureau of the Treasury Department, the title of the chief officer of which is Superintendent of the Mint. An act was passed in June, 1834, changing the weight and fineness of the gold coin, and the relative value of gold and silver. The weight of the eagle was reduced to 258 grains, and the parts in proportion, of which 232 grains must be pure gold, making the fineness 21 carats. The silver coinage was not then cha
France (France) (search for this): entry coinage-united-states
000, and, of course, there is virtually no significance in the drop. When it is considered that six or seven years ago this fund amounted to a sum less than $100,000,000 the exact amount now held can be better appreciated. When the fund was ebbing at that time it was found necessary by the national administration to issue bonds to stay the inroads which were being made upon it, due to demands for gold from the money centres, and it was not without involving the government in considerable debt that the fund was maintained at the lowest figure permissible. There is not a country on the face of the earth which holds so much gold in its treasury as the United States now has in its coffers. Russia, England, France, and other great money powers of Europe, have from time to time held amounts of commensurate value in their treasuries, but at the present time we have any and all of them beaten by a large margin. See bimetallism; circulation, Monetary; currency, National; Monetary reform.
West Indies (search for this): entry coinage-united-states
Coinage, United States Wampum depreciated in value as currency in consequence of over-production, and a final blow was given to it as a circulating medium in New England by an order from the authorities of Massachusetts not to receive it in payment of taxes. As fast as coin came to the colony of Massachusetts by trade with the West Indies, it was sent to England to pay for goods purchased there. To stop this drain of specie Massachusetts set up a mint, and coined silver threepences, sixpences, and shillings, each bearing the figure of a pine-tree on one side, and the words New England on the other. The silver was alloyed a quarter below the English standard, with the expectation that the debasement would prevent the coin leaving the country. Thus the pound currency of New England came to be one-fourth less than the pound sterling of Great Britain; and this standard was afterwards adopted by the British Parliament for all the English American colonies. The mint-house in Bosto
Morristown (New Jersey, United States) (search for this): entry coinage-united-states
half-cents also were issued by the Vermont mint. In the same year the legislature of Connecticut authorized the establishment of a mint at New Haven, whence copper coins were issued having on one side the figure of a human head, and on the other that of a young woman holding an olive-branch. This mint continued in operation about three years. In 1786 parties obtained authority from the legislature of New Jersey to coin money, and they established two mints in that State: one not far from Morristown, and the other at Elizabethtown. On one side of this coinage was the head of a horse, with a plough beneath; and on the reverse a shield. The head of a horse and three ploughs now form the chief device of the great seal of New Jersey. Cents and half-cents were issued in Massachusetts in 1788, exhibiting on one side an eagle with a bundle of arrows in the right talon, an olive-branch in the left, and a shield on its breast bearing the word cent. That device was, and is now, the chie
Europe (search for this): entry coinage-united-states
000, and, of course, there is virtually no significance in the drop. When it is considered that six or seven years ago this fund amounted to a sum less than $100,000,000 the exact amount now held can be better appreciated. When the fund was ebbing at that time it was found necessary by the national administration to issue bonds to stay the inroads which were being made upon it, due to demands for gold from the money centres, and it was not without involving the government in considerable debt that the fund was maintained at the lowest figure permissible. There is not a country on the face of the earth which holds so much gold in its treasury as the United States now has in its coffers. Russia, England, France, and other great money powers of Europe, have from time to time held amounts of commensurate value in their treasuries, but at the present time we have any and all of them beaten by a large margin. See bimetallism; circulation, Monetary; currency, National; Monetary reform.
Massachusetts (Massachusetts, United States) (search for this): entry coinage-united-states
oduction, and a final blow was given to it as a circulating medium in New England by an order from the authorities of Massachusetts not to receive it in payment of taxes. As fast as coin came to the colony of Massachusetts by trade with the West InMassachusetts by trade with the West Indies, it was sent to England to pay for goods purchased there. To stop this drain of specie Massachusetts set up a mint, and coined silver threepences, sixpences, and shillings, each bearing the figure of a pine-tree on one side, and the words New Massachusetts set up a mint, and coined silver threepences, sixpences, and shillings, each bearing the figure of a pine-tree on one side, and the words New England on the other. The silver was alloyed a quarter below the English standard, with the expectation that the debasement would prevent the coin leaving the country. Thus the pound currency of New England came to be one-fourth less than the poune and three ploughs now form the chief device of the great seal of New Jersey. Cents and half-cents were issued in Massachusetts in 1788, exhibiting on one side an eagle with a bundle of arrows in the right talon, an olive-branch in the left, and
Elizabethtown (New Jersey, United States) (search for this): entry coinage-united-states
the Vermont mint. In the same year the legislature of Connecticut authorized the establishment of a mint at New Haven, whence copper coins were issued having on one side the figure of a human head, and on the other that of a young woman holding an olive-branch. This mint continued in operation about three years. In 1786 parties obtained authority from the legislature of New Jersey to coin money, and they established two mints in that State: one not far from Morristown, and the other at Elizabethtown. On one side of this coinage was the head of a horse, with a plough beneath; and on the reverse a shield. The head of a horse and three ploughs now form the chief device of the great seal of New Jersey. Cents and half-cents were issued in Massachusetts in 1788, exhibiting on one side an eagle with a bundle of arrows in the right talon, an olive-branch in the left, and a shield on its breast bearing the word cent. That device was, and is now, the chief on the great seal of the Uni
England (United Kingdom) (search for this): entry coinage-united-states
in payment of taxes. As fast as coin came to the colony of Massachusetts by trade with the West Indies, it was sent to England to pay for goods purchased there. To stop this drain of specie Massachusetts set up a mint, and coined silver threepencin leaving the country. Thus the pound currency of New England came to be one-fourth less than the pound sterling of Great Britain; and this standard was afterwards adopted by the British Parliament for all the English American colonies. The mint-da for the use of the Virginia colony as early as 1644. Copper coins bearing the figure of an elephant were struck in England for the Carolinas and New England in 1694. Coins were also struck for Maryland, bearing the effigy of Lord Baltimore. on the face of the earth which holds so much gold in its treasury as the United States now has in its coffers. Russia, England, France, and other great money powers of Europe, have from time to time held amounts of commensurate value in their trea
New Jersey (New Jersey, United States) (search for this): entry coinage-united-states
per coins were issued having on one side the figure of a human head, and on the other that of a young woman holding an olive-branch. This mint continued in operation about three years. In 1786 parties obtained authority from the legislature of New Jersey to coin money, and they established two mints in that State: one not far from Morristown, and the other at Elizabethtown. On one side of this coinage was the head of a horse, with a plough beneath; and on the reverse a shield. The head of a horse and three ploughs now form the chief device of the great seal of New Jersey. Cents and half-cents were issued in Massachusetts in 1788, exhibiting on one side an eagle with a bundle of arrows in the right talon, an olive-branch in the left, and a shield on its breast bearing the word cent. That device was, and is now, the chief on the great seal of the United States. On the other side of the Massachusetts cent was the figure of an Indian holding a bow and arrow; also a single star.
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