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)
“To see him act is like reading Shakespeare by flashes of lightning.”
—Samuel Taylor Coleridge (1772–1834)