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Release date of George Washington
Dollar: 02-15-07
Following the ratification of the Constitution
of the United States,
the Electoral College unanimously elected George Washington to serve as
the United States’ first President.
The former General and Commander in Chief of the Continental Army
served two terms as president, holding the office from 1789 to 1797.
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On June 1, 1789, President George Washington signed the country’s first
Act of Congress, concerning the administration of oaths. In 1791,
President Washington presided over the Nation’s first recorded Cabinet
meeting, which included Alexander Hamilton as the United States’ first
Secretary of the Treasury and Thomas Jefferson as the first Secretary
of State.
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| The George Washington
Presidential Dollar. Release date: 02-15-07. United States Mint image |
President Washington himself laid the
cornerstone for the United States
Capitol building in Washington, D.C., on September 18, 1793.
Washington also laid the groundwork for the United States’ earliest
foreign policy stance when he issued his Declaration of Neutrality in
1793, a direct response to the emerging conflict between England and
France.
Purchase a George
Washington Presidential Commemorative Coin .
Coinage Legislation under President George Washington:
The Coinage Act of April 2, 1792 — Commonly referred to as
the Mint Act, this Act establishes the United States Mint at
Philadelphia, the Nation’s capital at the time. The Mint Act called for
the production of the following coins, and specified their weight in
gold, silver or copper: half-cent, cent, half-dime, dime,
quarter-dollar, half-dollar, dollar, quarter-eagle ($2.50), half-eagle
($5.00), and eagle ($10).
Act of May 8, 1792 — This Act authorizes the Director to
purchase up to 150 tons of copper for the coining of cents and
half-cents.
Act of January 14, 1793 — This Act establishes the metal
content of cents and half-cents.
Act of February 9, 1793 — This Act establishes foreign
exchange rates, and ends the acceptance of foreign coinage (with the
exception of the Spanish milled dollar) as legal tender in the United
States.
Act of March 3, 1794 — This Act provides an accounting
method of receiving metals for the purpose of producing coins from the
metals received.
Act of March 3, 1795 — This Act establishes the positions
of melter and refiner of the United States Mint and grants the
President the authority to reduce the amount of copper used in both the
cent and half-cent.
United States Mint Directors appointed by President George
Washington:
1792 David Rittenhouse — First Director of the United States Mint
1795 Henry William de Saussure — Second Director
1795 Elias Boudinot — Third Director
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