October 14, 1969
The United Kingdom introduces the British fifty-pence coin
, which replaces, over the following years, the British ten-shilling note, in anticipation of the decimalization of the British currency in 1971, and the abolition of the shilling as a unit of currency anywhere in the world.
April 2, 1792
The Coinage Act is passed establishing the United States Mint.
The Coinage Act or the Mint Act, passed by the United States Congress on April 2, 1792, established the United States Mint and regulated the coinage of the United States. The long title of the legislation is An act establishing a mint, and regulating the Coins of the United States
. This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency. By the Act, the Mint was to be situated at the seat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the Secretary of the Treasury). The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.