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| | History of the U.S. Mint - 1795 |
 | | The first deposit of gold bullion for coinage, was made by Moses Brown, merchant of Boston, on February 12, 1795; it was of gold ingots, worth $2,276.72, which was paid for in silver coins. |
 | | Elias Boudinot, then Director, had stopped their coinage on December 1, 1795 and in his annual report (issued Dec.3) he petitioned for a reduction of the weight of the cent to 168 grains. |
 | | Recoinage would have been feasible as soon as he requested reduction was authorized, since the Mint made its own planchet; and profitable, as every $10 in thick cents would yield $12.38 in thin ones. |
| www.coinfacts.com /mint_history/mint_history_1795/mint_records_1795.htm (3049 words) |
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