Cryptocurrency Q&A What is the oldest US coin?

What is the oldest US coin?

Martina Martina Sat Oct 12 2024 | 5 answers 1137
I'm curious about the history of coins in the United States. Specifically, I want to know which coin is the oldest, as in, which one was first minted or put into circulation in the country. What is the oldest US coin?

5 answers

alexander_clark_designer alexander_clark_designer Mon Oct 14 2024
The year 1787 marked a significant moment in the financial history of the United States. On April 21st of that year, the Congress of the Confederation, the precursor to the modern Congress, took a decisive step towards establishing a national currency.

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CoinMaster CoinMaster Mon Oct 14 2024
Recognizing the need for a standardized coinage system, the Congress authorized the creation of an official copper penny. This coin, which would later become known as the Fugio cent, was designed to facilitate trade and commerce within the burgeoning nation.

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Michele Michele Mon Oct 14 2024
The Fugio cent was unique in its design, featuring an image of the Sun and its light shining down on a sundial. This symbolism was intended to evoke the passage of time and the nation's pursuit of progress. The caption "Fugio," a Latin word meaning "I flee/fly," was inscribed on the coin, further emphasizing the fleeting nature of time and the nation's determination to move forward.

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