Like every other country, goods and services in the United States were previously exchanged through a barter system. In 1792, USA coins were minted with the enactment of its first coinage act. However, this journey was quite rutted with its ongoing shortage of silver and gold at that time, but was later stabilized with the Californian Gold Rush. The history of American coins is very exciting indeed. In today's time, the United States produces new coins annually and they make up a vital feature of the United States currency system.
The United States mints coins in bullion, including gold, silver and platinum, and commemorative coins which are quite a beauty to behold. Denominations of 1¢, 5¢, 10¢, 25¢, 50¢, and $1 exist in the form of circulating coins. Presently, the United States Mint produces all the coins and they later sell them to the Federal Reserve Bank who puts all coins into circulation.
Mintage World is perhaps the first ever platform in India to bring to its viewers an enhanced and detailed look into rare American coins. So dive right into because your search for answers about us coinage and old US coins ends here.