THE COINAGE ACT OF APRIL 2, 1792

« Coinage Legislation under President George Washington »

THE PURPOSE OF A NATIONAL COINAGE

 

SEC.1 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, and it is hereby enacted and declared … there shall be the following officers and persons, namely, — … a treasurer… » (view The Treasurer section)

« …Dollars or units

Ibid, s.9.

Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver… »

 

« …Sec 16
Coins made a lawful tender,…
… shall be a lawful tender in all payments whatsoever, those of full weight according to the respective values… »

 

« …Sec 20

Money of account to be expressed in dollars,…

…That the money of account of the United States shall be expressed in dollars or units, … »

https://www.usmint.gov/education/historianscorner/?action=docDetail&id=326

 

The Coinage Act of April 2, 1792