For much more than 220 years, gold coins have been made by the United States Mint as both circulating coinage and numismatic art with several coins falling within both groups. Once Gold dropped out of use in circulating coinage in 1933, the U.S. Mint introduced attractive bullion chain that have become widely popular.
Every year, the U.S. Mint creates many attractive Gold commemorative coins honoring significant people, places and events from throughout our country's history.
The most famous U.S. Gold coin is the exceptionally treasured Gold Eagle. Other desirable gold coins in the U.S. Mint contain Gold American Buffalos, the First Partner Coin chain, Pre-1933 U.S. Gold coins that were formerly in circulation and the substantial chain of Gold commemorative coins. Gold Coins in the U.S. Mint are accessible as little as 1/10 ounce and as big as 1 oz. Keep in mind the bigger the coin has a reduced premium for the Gold content in every coin when choosing which coins to buy.
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When the framers of the U.S. Constitution created a new authorities for their untried Republic, they recognized the vital need for a respected monetary system. Shortly following the ratification of the Constitution, Secretary of the Treasury Alexander Hamilton prepared strategies for a national Mint. On April 2, 1792, Congress passed The Coinage Act, which authorized construction of a Mint building in the country 's capitol, Philadelphia and created the Mint. This was the first national building.
President George Washington made Philadelphian David Rittenhouse, a leading American scientist, as the very first Director of the Mint. Under Rittenhouse, the Mint made its first circulating coins -- 11,178 Shortly after, the Mint began issuing silver and gold coins too. President Washington, who lived just several blocks from the brand new Mint, is considered to possess contributed some of his own silver for minting.