That’s because the penny, alone among America’s circulating currency, retains the original monetary metal — specie — that the Founders’ generation assigned to it in the Coinage Act of 1792. That’s the ...

The dime was first introduced after the Coinage Act of 1792 was ratified. Because of its small value, the dime is the ...

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Not to be confused with Coinage Act. Each year, the supply of specie in the colonies decreased due to international factors. The dearth of specie rendered it ineffective as a means of exchange for day ...