History of Gold as Money

It is known that Englishmen colonized America and they often faced shortages in coins during those times. You might be familiar with gold coins, colonial coins and others that are considered a treasure. This infographic provides a history of gold as it was used as money.

 

  1. The first US gold coins were produced upon the implementation of the Coinage Act of 1792.
  2. One, three and four denominations of gold coins were first to circulate in 1849 up to the end of 1889.
  3. In 1892, the gold coins produced were simply used as commemorative coins. It was first issued as 1903 Louisiana Purchase Expo gold dollar.
  4. Gold coins might be issued in the future.