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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
 Posted - 12/19/2009 : 17:41:22
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Some early legislation concerning the use of foreign coins in the U.S. Thought some of you might find these interesting:
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 February 1, 1798 — This Act suspends, for a period of three years, a portion of the Act of February 9, 1793, relating to the acceptance of foreign coinage as legal tender in the United States.
Act of April 10, 1806 — This Act authorizes certain gold and silver coinage from foreign countries as legal tender for the payment of all debts within the United States.
Act of April 29, 1816 — This Act authorizes certain gold and silver coinage from foreign countries as current and legal tender for the payment of all debts within the United States. Specific rates of exchange are enumerated for the coins of England, Spain, Portugal and France.
Act of March 3, 1819 — This Act continues the authorization of certain gold and silver coinage from foreign countries as current and legal tender for the payment of debts within the United States. Specific rates of exchange are enumerated for the coins of Great Britain, Portugal, France, and Spain.
Act of March 3, 1821 — This Act continues the provisions of the Act of April 29, 1816, relating to the legal-tender value of French coins.
Act of March 3, 1823 — This Act authorizes certain gold coinage from foreign countries as current and legal tender in all payments on account of public lands within the United States. Specific rates of exchange are enumerated for the coins of Great Britain, Portugal, France, and Spain. The Act also calls for an annual assay of such coins, and for a report to the Congress detailing the results.
Act of June 25, 1834 — This Act regulates the legal-tender value of certain foreign silver coins.
Act of June 28, 1834 — This Act regulates the legal-tender value of certain foreign gold coins.
Act of March 3, 1843 — This act regulates the legal-tender value of foreign gold and silver coins in the United States.
Act of February 21, 1857 – removed the legal tender value of foreign coins in the U.S.
Some seem a little repetitive, but I thought it was interesting to see the progression of the U.S. acceptance of, and need for, foreign coins over the years.
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Early legislation on foreign coins
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