Production
In November, 1835, Levi Woodbury, Secretary of the Treasury, was notified by Samuel MeComb that he had purchsed from William Carson and F. L. Smith a full square containing 4 acres of land for $1,500.00, which is now the 400 block of West Trade Street. Proposals for erection of the building were advertised and the contract was awarded to Perry & Ligon, of Raleigh, NC on October 15, 1835 at a price of $29,800.00. In 1836, construction on the Charlotte Mint began. It opened for business on July 27, 1837. Only raw gold was processed and refined until March 28, 1838, when the first $5 gold half eagle was struck in Charlotte. Later that year, $2½ quarter eagles were minted, and 1849 production started on a small gold dollar. All gold coinage coming from this mint has a "C" mint mark to distinguish it from other sister mints then in operation. The Charlotte Mint issued over $5 million in gold coins.
Read more about this topic: Charlotte Mint
Famous quotes containing the word production:
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)
“Constant revolutionizing of production ... distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses, his real conditions of life, and his relations with his kind.”
—Karl Marx (1818–1883)
“The problem of culture is seldom grasped correctly. The goal of a culture is not the greatest possible happiness of a people, nor is it the unhindered development of all their talents; instead, culture shows itself in the correct proportion of these developments. Its aim points beyond earthly happiness: the production of great works is the aim of culture.”
—Friedrich Nietzsche (1844–1900)