Coinage Act of 1849

Coinage Act of 1849
Long title	An Act to authorize the Coinage of Gold Dollars and Double Eagles
Nicknames	Gold Coinage Act
Enacted by	the 30th United States Congress
Citations
Public law	30-108
Statutes at Large	9 Stat. 397, Chap. CIX
Legislative history
	Introduced in the House as H.R. 746 by James Iver McKay (D–NC) on January 25, 1849; Committee consideration by United States House Committee on Ways and Means; Passed the House on February 20, 1849 ; Passed the Senate on March 3, 1849 with amendment; House agreed to Senate amendment on March 3, 1849 (passed); Signed into law by President James K. Polk on March 3, 1849;

The Coinage Act of 1849 was an Act of the United States Congress passed during the California Gold Rush authorizing the Mint to produce two new gold coins in response to the increased gold supply: the small gold dollar and the large double eagle worth twenty dollars. The Act also defined permissible variances in gold coinage.

Background

Legislation

House Bill No. 746 was introduced by James Iver McKay on January 25, 1849.^[1] On February 20, 1849, the bill was reported by the United States House Committee on Ways and Means and taken up by the House for debate.^[2] The bill passed the House the same day and moved to consideration in the Senate.^[3] On March 3, 1849, the bill was reported by the United States Senate Committee on Finance and taken up by the Senate for debate.^[4] The bill passed the Senate the same day with amendments and was sent back to the House for consideration. The House agreed to the amendments and the bill was signed into law by President James K. Polk.^[5]

Effects

References

^ "Journal of the House of Representatives of the United States, 1848-1849 THURSDAY, January 25, 1849". American Memory. Library of Congress. Retrieved August 13, 2021.
^ "The Congressional Globe". American Memory. Library of Congress. Retrieved August 15, 2021.
^ "Journal of the House of Representatives of the United States, 1848-1849 TUESDAY, February 20, 1849". American Memory. Library of Congress. Retrieved August 12, 2021.
^ "The Congressional Globe". American Memory. Library of Congress. Retrieved August 20, 2021.
^ "Journal of the House of Representatives of the United States, 1848-1849 SATURDAY, March 3, 1849". American Memory. Library of Congress. Retrieved August 8, 2021.

External links

Full text of act, An Act to Authorize the Coinage of Gold Dollars and Double Eagles. 30th Congress, 2d Session, Ch. 109. 9 Stat. 397

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[1] "Journal of the House of Representatives of the United States, 1848-1849 THURSDAY, January 25, 1849". American Memory. Library of Congress. Retrieved August 13, 2021.

[2] "The Congressional Globe". American Memory. Library of Congress. Retrieved August 15, 2021.

[3] "Journal of the House of Representatives of the United States, 1848-1849 TUESDAY, February 20, 1849". American Memory. Library of Congress. Retrieved August 12, 2021.

[4] "The Congressional Globe". American Memory. Library of Congress. Retrieved August 20, 2021.

[5] "Journal of the House of Representatives of the United States, 1848-1849 SATURDAY, March 3, 1849". American Memory. Library of Congress. Retrieved August 8, 2021.

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Civil War Era (1840–1870)	Free banking (1836–1865) Wildcat banking (1836–1865) Forstall System (1842–1865) Independent U.S. Treasury (1846–1913) Coinage Act of 1849 Three-cent silver (1851–1873) Coinage Act of 1853 New York Clearing House Association (1853–1863) Coinage Act of 1857 Demand Note (1861–1862) Legal Tender Act of 1862 United States Note (1862–1971) Fractional currency (1862–1876) National Bank Acts (1863; 1864) Interest bearing note (1863–1865) National banks system (1863–1913) National Bank Note (1863–c. 1930) Gold certificate (1863–1933) Compound interest treasury note (1863–1864) Coinage Act of 1864 Two-cent piece (1864–1873) Three-cent nickel (1865–1889) Contraction Act of 1866 Public Credit Act of 1869
2nd Industrial Revolution (1870–1914)	Legal Tender Cases Hepburn v. Griswold (1870) Currency Act of 1870 National Gold Bank Note (1870–1875) Knox v. Lee (1871) Coinage Act of 1873 Free silver Specie Payment Resumption Act (1875) Twenty-cent piece (1875–1878) Bland–Allison Act (1878) Silver certificate (1878–1964) Refunding Certificate (1879–1907) Juilliard v. Greenman (1884) Sherman Silver Purchase Act (1890) Treasury Note (1890–1891) Gold Standard Act (1900) Aldrich–Vreeland Act (1908) National Monetary Commission (1909–1912) Federal Reserve Act (1913)