The E-Sylum:  Volume 9, Number 49, December 3, 2006, Article 19

1786 CONTINENTAL CONGRESS MINT ORDINANCE

On a related note, while looking for other things I came across
this page on the Library of Congress web site containing the text
of the ordinance  passed Oct. 16, 1786 by the Continental Congress
for the establishment of a mint.

"AN ORDINANCE for the ESTABLISHMENT of the MINT
of the UNITED STATES of AMERICA; and for REGULATING the VALUE
and ALLOY of COIN.

"IT IS HEREBY ORDAINED by the United States in Congress assembled,
that a mint be established for the coinage of gold, silver and copper
money, agreeably to the resolves of Congress of the 8th August last,
under the direction of the following officers, viz.

"An Assay Master, whose duty it shall be to receive gold and silver
in bullion, or foreign coin, to assay the same, and to give his
certificates for the value thereof at the following rates:

"For every pound troy, weight of uncoined gold or foreign gold coin,
eleven parts fine and one part alloy, two hundred and nine dollars.,
seven dimes and seven cents, money of the United States, as established
by the resolves of Congress of the 8th of August last, and so in
proportion to the fine gold contained in any coined or uncoined
gold whatsoever.

"For every pound troy weight of uncoined silver, or foreign silver
coin, eleven parts fine and one part alloy, thirteen dollars, seven
dimes, seven cents and seven mills, money of the United States,
established as aforesaid; and so in proportion to the fine silver
contained in any coined or uncoined silver whatsoever."

To read the complete text, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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