They were larger than a modern quarter, a bulky size for small change. These new cents caused a bit of a public outcry. The Mint delivered the nation’s first circulating coins on March 1, 1793: 11,178 copper cents. These half dimes were probably given out to dignitaries and friends and not released into circulation.
In 1792, during construction of the new Mint, 1,500 silver half dimes were made in the cellar of a nearby building. Gold: quarter eagle ($2.50), half eagle ($5), and eagle ($10) Silver: half dime, dime, quarter, half dollar, and dollar This resulted in coins of the following metals and denominations: dollar to the already familiar Spanish milled dollar and its fractional parts (half, quarter, eighth, sixteenth). Congress chose decimal coinage in parts of 100, and set the U.S. The Coinage Act of 1792 established a national mint located in Philadelphia. However, the following year, a majority of states ratified the Constitution, establishing a new government and creating a new debate over national coinage. Called Fugio cents, the coins featured a sundial on the obverse and a chain of 13 links on the reverse. In 1787, after much debate about national coinage, Congress authorized the production of copper cents. This created a confusing situation, with the same coin worth different amounts from state to state. The Articles allowed each state to make their own coins and set values for them, in addition to the foreign coins already circulating. To make change for a dollar, people sometimes cut the coin into halves, quarters, eighths, and sixteenths to match the fractional denominations that were in short supply.Īfter the Revolutionary War, the Articles of Confederation governed the country. Spanish milled dollars became a favorite because of the consistency of the silver content throughout the years. The design of the 2019 San Antonio Missions Quarter reverse resembles the colonial Spanish milled dollar.ĭuring the Colonial Period, a variety of coins circulated, including British pounds, German thalers, Spanish milled dollars, and even some coins produced by the colonies. Finally, production numbers grew to meet the demands of a growing nation, providing some of the most beloved circulating coin designs. Mint in 1792, the Mint struggled for many years to produce enough coins.
Before national coinage, a mix of foreign and domestic coins circulated, both during the Colonial Period and in the years following the Revolutionary War. circulating coins began long before the opening of a national mint in 1792.
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