DESCRIPTION:
Subject: The New Mint, cost $2,000,000
Condition: Fair (See scans)
Back side: Simple
Circulated: Yes
Year: 1905
Publisher: Unknown
Postmark: September 27, 1905, Philadelphia, PA
"Every nation requires its own readily accepted currency. So, in 1792, Congress called for the establishment of a national mint. Because Philadelphia was then the nation's capital, it was built there. Congress' next decision concerned the money itself. They decided that American coins be made of gold, silver and copper, with $10, $5,$2.50, half dime and half cent pieces, in addition to the coin denominations we have now. Unlike today's five-cent pieces, the half dimes were made of silver.
The first mint was erected at 7th and Arch Streets and by March, 1793, it delivered its first circulating coins: 11,178 copper cents. Their production was overseen by David Rittenhouse, a leading American scientist and the first Director of the United States Mint.
As the United States and its economy grew, the nation
required more coins and larger Mint facilities. The mint expanded
accordingly and moved three times. Its current facility,
Philadelphia's fourth, opened in 1969."
(Attribution: https://www.usmint.gov/about_the_mint/mint_facilities/?action=PA_facilities)
Lot #8293
| Price: $1.75 | Shipping: 3.00 |
Lot #8293 | |