United States Coinage
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United States Coinage
Coins of the United States dollar (aside from those of the earlier Continental currency) were first minted in 1792. New coins have been produced annually and they make up a valuable aspect of the United States United States currency, currency system. Today, circulating coins exist in denominations of 1¢ (i.e. 1 cent (currency), cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are Bullion coin, bullion (including gold coin, gold, silver coin, silver and platinum coin, platinum) and Commemorative coin, commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn are responsible for putting coins into circulation and withdrawing them as demanded by the country's economy. Current coinage Today, four mints operate in the United States producing United States Mint coin production, billions of coins each year. The main mint is the Philadelphia Mint, which produces circulating coinage, mint sets and s ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Proof Coinage
Proof coinage refers to special early samples of a coin issue, historically made for checking the dies (as in demonstrating that something is true) and for archival purposes. Nowadays proofs are often struck in greater numbers specially for coin collectors (numismatists). Nearly all countries have issued proof coinage. Preparation of a proof striking usually involved polishing of the dies. They can usually be distinguished from normal circulation coins by their sharper rims and design, as well as much smoother "fields" – the blank areas not part of the coin's design. The dies for making modern proof coins are often treated with chemicals to make certain parts of the design take on a frosted appearance, with the polished fields taking on a mirror finish. Several other methods have been used in the past to achieve this effect, including sand blasting the dies, and matte proofs. Proof coins of the early 19th century even appear to be scratched, but it was part of the production ...
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Abraham Lincoln
Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation through the American Civil War and succeeded in preserving the Union, abolishing slavery, bolstering the federal government, and modernizing the U.S. economy. Lincoln was born into poverty in a log cabin in Kentucky and was raised on the frontier, primarily in Indiana. He was self-educated and became a lawyer, Whig Party leader, Illinois state legislator, and U.S. Congressman from Illinois. In 1849, he returned to his successful law practice in central Illinois. In 1854, he was angered by the Kansas–Nebraska Act, which opened the territories to slavery, and he re-entered politics. He soon became a leader of the new Republican Party. He reached a national audience in the 1858 Senate campaign debates against Stephen A. Douglas. ...
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Zinc
Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodic table. In some respects, zinc is chemically similar to magnesium: both elements exhibit only one normal oxidation state (+2), and the Zn2+ and Mg2+ ions are of similar size.The elements are from different metal groups. See periodic table. Zinc is the 24th most abundant element in Earth's crust and has five stable isotopes. The most common zinc ore is sphalerite (zinc blende), a zinc sulfide mineral. The largest workable lodes are in Australia, Asia, and the United States. Zinc is refined by froth flotation of the ore, roasting, and final extraction using electricity ( electrowinning). Zinc is an essential trace element for humans, animals, plants and for microorganisms and is necessary for prenatal and postnatal development. It ...
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Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ...
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US One Cent Obv
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Penny (United States Coin)
The cent, the United States one-cent coin (symbol: ¢), often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance). The first U.S. cent was produced in 1787, and the cent has been issued primarily as a copper or copper-plated coin throughout its history. The penny is issued in its current form as the Lincoln cent, with its obverse featuring the profile of President Abraham Lincoln since 1909, the centennial of his birth. From 1959 (the sesquicentennial of Lincoln's birth) to 2008, the reverse featured the Lincoln Memorial. Four different reverse designs in 2009 honored Lincoln's 200th birthday and a new, "permanent" reverse – the Union Shield – was introduced in 2010. The coin is ...
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Dahlonega Mint
The Dahlonega Mint was a former branch of the United States Mint built during the Georgia Gold Rush to help the miners get their gold assayed and minted, without having to travel to the Philadelphia Mint. It was located at (34°31.8′N 83°59.2′W ) in Dahlonega, Lumpkin County, Georgia. Coins produced at the Dahlonega Mint bear the "D" mint mark. That mint mark is used today by the Denver Mint, which opened in 1897, over three decades after the Dahlonega Mint closed. All coins from the Dahlonega Mint are gold, in the $1, $2.50, $3, and $5 denominations, and bear dates in the range 1838–1861. Creation The Mint Act of 1835, established by the United States Congress on 3 March, established "one branch at the city of New Orleans for the coinage of gold and silver; one branch at the town of Charlotte...for the coinage of gold only; and one branch at or near Dahlonega, in Lumpkin County, in the state of Georgia, also for the coinage of gold only." Ignatius Alphonso Few, appointed ...
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Charlotte Mint
The Charlotte Mint was the first United States branch mint. It was located in Charlotte, North Carolina and specialized in gold coinage. History Following the first documented discovery of gold in the United States, the country's first gold mine was established in North Carolina at the Reed Gold Mine. As no mints existed in the Charlotte area, miners had to send their gold dust to Philadelphia to be melted and coined. The transportation process was difficult, slow, expensive, and dangerous; frustration with this system led to the creation of private gold coining operations in the Charlotte area. However, making gold into local money had its own inherent problems, such as accurate weighing and determining fineness. In the spring of 1831, North Carolina merchants and miners petitioned Congress for a branch mint in the Charlotte region to reduce the risk of transporting gold. They received no response until three years later when the United States Treasury began to investigate privat ...
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New Orleans Mint
The New Orleans Mint (french: Monnaie de La Nouvelle-Orléans) operated in New Orleans, Louisiana, as a branch mint of the United States Mint from 1838 to 1861 and from 1879 to 1909. During its years of operation, it produced over 427 million gold and silver coins of nearly every American denomination, with a total face value of over US$ 307 million. It was closed during most of the American Civil War and Reconstruction. After it was decommissioned as a mint, the building has served a variety of purposes, including as an assay office, a United States Coast Guard storage facility, and a fallout shelter. Since 1981 it has served as a branch of the Louisiana State Museum. Damaged by Hurricane Katrina in 2005, after over two years of repairs and renovations, the museum reopened in October 2007. Exhibits include instruments used by some of New Orleans' notable jazz musicians, photographs, and posters, now part of the New Orleans Jazz Museum. The site is also a performance venue ...
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Carson City Mint
The Carson City Mint was a branch of the United States Mint in Carson City, Nevada. It primarily minted silver coins; however, it also minted gold coins, with a total face value in dollars nearly equal to that of its silver coins. The mint minted coins in 21 different years. The Carson City Mint was created in 1863 but was not put into operation until 1870. It ran until 1885, went on a hiatus, and resumed operations in 1889, after which it ran until 1893, when it closed permanently. It is now the Nevada State Museum, Carson City. History Built at the peak of the silver boom conveniently near a local silver mine, 50 issues of silver coins and 57 issues of gold coins minted here between 1870 and 1893 bore the "CC" mint mark. The mint was established in Carson City to facilitate minting of silver coins from silver in the Comstock Lode, much as the San Francisco Mint was established to facilitate minting gold coins from the gold of the California gold rush. From 1895 to 1933, the buil ...
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