Tag: Coin Acts

Congressional Inaction, Not Inflation, Is to Blame for the Diminishing Role of U.S. Coinage

Congressional Inaction, Not Inflation, Is to Blame for the Diminishing Role of U.S. Coinage

By Charles Morgan with Hubert Walker Coinweek Contributor On February 21, 1857, the United States Congress passed An Act relating to Foreign Coins and to the Coinage of Cents at the Mint of the United States. The Act set the rate at which foreign coins would be accepted by the Treasury, ended the Treasury’s practice […]

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