-
Inventory:
OUT OF STOCK
- Product ID: 4095
In 1792, the first US Mint facility was established by the Coinage Act of 1792. This act came about by the Founding Fathers, who desired to assign the US its own national identity and give it a place among international commerce. The Philadelphia Mint was claimed the first US Mint, since it was located in the country's capital at the time. This Coinage Act also instituted a decimal system for the coins being produced, requiring coins' to carry their legal tender and specify their metallic fineness and composition on the coin. It also demanded that "an impression emblematic of liberty" should be prevalent on each US coin minted so that is why Lady Liberty is on all of the US's currency. Morgans minted in 1901 are not hard to find in circulated condition but finding them in higher grades can be challenging. This Morgan in fine condition exhibits wear on both sides of the coin and has an overall smooth surface.