As Washington hunkered down for a difficult winter
#1792 coinage act license#
Sought, seldom-granted license to acquire the particular Office of Domestic Gold & Silver Operations gave a rarely Gold ownership had been illegal since 1933, except for rareĪnd unusual gold coin of that era or earlier, unless the Watergate was about to become his ultimate downfall and leadĪmerican coinage of 1974 was devoid of silver, and private A quarter century ago this pastįebruary, Richard Nixon was in the final throes of his star-Ĭrossed Presidency, though no one yet suspected that Time To Consider Reviving the Assay Commission I urge my colleagues to help me re-authorize the Assay Commission byĬosponsoring the legislation that I have introduced today. Would ask that this article be reprinted, in full, in the Congressional Recently appeared in Numismatic News, a weekly coin hobby periodical. Speaker, an article advocating the restoration of the annualĪssay Commission written by Fair Lawn, New Jersey Mayor David L. This Ad Hoc group's belief that the Mint's operations will only beĮnhanced by restoring the historic role played by the Assay Commission. Time to restore Assay Commission oversight of the U.S. produced gold, silver and platinumĬoins, I understand that an Ad Hoc group of former presidentialĪppointees, all former Assay Commissioners, has suggested that it is The monetaryīulk of this product-not the circulating coins-are gold, silver, and Today, the United States Mint is a business that, were it privately-Ĭontrolled, would constitute a Fortune-500 corporation. Uniquely American product went by the wayside.
Serious marketing problem in the Far East, and confidence in this That some fractional gold eagle coins (those weighing less than ounce)ĭid not have the proper fineness or weight in gold. Previously provided by the Assay Commission, a problem was discovered Speaker, in the mid-1980's, lacking the outside oversight Since 1986, the Mintīegan producing gold, silver and platinum bullion coins which are Worth of gold, and silver commemorative coinage. Mint has produced and sold hundreds of millions of dollars By 1984, goldĬommemorative coins for the Olympic games were added, and since then Starting in 1982, the Mint again began producing contemporaryĬommemorative coinage from. Silver coinage, whether of a circulating or of a commemorative nature.
No longer had any valid function the nation did not produce gold or Longer silver coins to review when their production was discontinued.īy the time that the Assay Commission was abolished in the CarterĪdministration as part of the President's re-organization project, it That practiceĬontinued for more than a century, though after 1970 there were no Invited to participate, and when the Coinage Act of 1873 was passed, itĬodified that the President had the authority to appoint members of theĪssay Commission from the general public at large. Starting about 140 years ago, some members of the general public were Thomas Jefferson, James Madison, James Monroe and Alexander Hamilton. Necessary purity, the proper weight, and necessarily, value.Īmong the earliest members of the Assay Commission, statutorily, were Nation's coins on an annual basis and certify to the President,Ĭongress, and the American people that gold and silver coins had the Originally authorized as part of the nation's first Mint Act of AprilĢ, 1792, the purpose of the Assay Commission was to examine the Government and brought in individuals to maintain oversight over a Time, it was the oldest continually operating committee in the federal Uninterrupted until 1980 when it was finally abolished. The Assay Commission was established in 1792, and operated
Speaker, I rise today to announce my introduction ofĪ House Resolution designed to re-authorize the creation of the United Government Publishing Office, INTRODUCTION OF A HOUSE RESOLUTION TO RESTORE THE UNITED STATES ASSAY Congressional Record (Bound Edition), Volume 146 (2000), Part 2 - INTRODUCTION OF A HOUSE RESOLUTION TO RESTORE THE UNITED STATES ASSAY COMMISSION
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