The Coinage Act of 1849 or the Gold Coinage Act was an act of the United States Congress which allowed for the minting of two new denominations of gold coins, the gold dollar and the gold $20 or double eagle. It further defined the variances which were permissible in United States gold coinage. The act was approved on March 3, 1849.
This was enacted largely due to the California Gold Rush.
Famous quotes containing the words coinage and/or act:
“Designs in connection with postage stamps and coinage may be described, I think, as the silent ambassadors on national taste.”
—William Butler Yeats (1865–1939)
“Idealism sees the world in God. It beholds the whole circle of persons and things, of actions and events, of country and religion, not as painfully accumulated, atom after atom, act after act, in an aged creeping Past, but as one vast picture, which God paints on the instant eternity, for the contemplation of the soul.”
—Ralph Waldo Emerson (1803–1882)