![]() The recommendation to start a mint didn’t come in until 1777, and even then, there was no follow up. Thomas Jefferson submitted a report later that year suggesting the new coins should be dollars and decimal parts of a dollar. In April 1776, a congressional committee was formed to look into possible types of gold and silver coins similar to the Spanish dollar that might be used in the U.S. The result was that there was no uniform monetary unit in the new United States until long after the U.S. Individual states authorized private mints to make coins as well. Private mints also contributed coins such as the Chalmers threepence, sixpence, and shilling silver tokens. The ½, 1, 2, and 4 reales coins as well as the Spanish dollar were the main coins used in the U.S. Spanish milled coins were often used and recognized as legal tender. Trading products from hunting, farming, or construction was known as “country pay.” They traded musket balls or wampum, or they simply traded one type of goods for another. So, they bartered and traded for what they needed or used foreign coins to conduct business. coins to be made before conducting business and exchanging goods and services. ![]() While the leaders of the new country were busy setting up its laws and institutions, life went on. ![]() The story of how the mint came into existence and how it developed into what it is today is a fascinating one. However, there was a time when there was no U.S. It almost seems like the Mint has been around forever, or at least since the beginning of the United States. Mint of today is a solid and stable institution that Americans rely on to keep up the supply of coins for all their personal and business needs.
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