The US Mint - A Blast from the Past
Anyone who has interest in silver and especially silver coins knows the history of the Morgan and Peace silver dollars minted in the US until the 1920's (Morgans) and 1930's (Peace). As Judy Shelton noted in her speech given at the Thomas Jefferson Library , a lot of thought was put into how the US dollar should originally be defined. Here is one excerpt from her speech: " Based on Jefferson’s recommendations as laid out here…the Coinage Act of 1792 would define America’s dollar in terms of precise weights: 371.25 grains of pure silver or 24.75 grains of pure gold. The idea being: Precision, dependability, transparency…whether in establishing the standard of weights and measures for a nation, or for establishing its monetary standard, its money unit – will yield very positive social, political, economic and scientific results. Jefferson believed that reliable, well-defined standards would empower citizens to make responsible decisions for themselves and for the nation. An
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