Author Timothy Ott
With the ratification of the Constitution in 1788 and the Bill of Rights in 1791, citizens of the fledgling United States of America could count on documentation that guaranteed the separation of federal powers and an array of personal liberties. Of course, what good is freedom without a sound financial system to give people the opportunity to thrive? To address that issue, Congress passed the Banking Bill in 1791 to create the Bank of the United States, and the Coinage Act of 1792 to establish the U.S. Mint and the denominations of coins it would produce.
While that first national bank lasted just 20 years, the Mint is still around and going strong, with 13.1 billion coins sent into circulation in the 2023 fiscal year. Here are seven facts about this treasured institution that has provided Americans with pocket change since the heyday of the Founding Fathers.
Read the full article on History Facts:
https://historyfacts.com/us-history/article/facts-about-the-u-s-mint/
