That from every separate mass of standard gold or silver, which shall be made into coins at the said Mint, there shall be taken, set apart by the Treasurer and reserved in his custody a certain number of pieces, not less than three, and that once in every year the pieces so set apart and reserved, shall be assayed under the inspection of the Chief Justice of the United States, the Secretary and Comptroller of the Treasury, the Secretary for the Department of State, and the Attorney General of the United States, (who are hereby required to attend for that purpose at the said Mint, on the last Monday in July in each year) .
Inoted states mint trial#
In addition to setting the standards for the new nation's coinage, Congress provided for an American version of the British Trial of the Pyx: In response to Hamilton's report, Congress passed the Mint Act of 1792. The expediency of some similar regulation seems to be manifest. This box, from time to time, is opened in the presence of the Lord Chancellor, the officers of the Treasury, and others, and portions are selected from the pieces of each coinage, which are melted together, and the mass assayed by a jury of the Company of Goldsmiths . The following account is given of the practice in England, in this particular: A certain number of pieces are taken promiscuously out of every fifteen pounds of gold, coined at the Mint, which are deposited, for safe keeping, in a strong box, called the pix. The remedy for errors in the weight and alloy of the coins, must necessarily form a part, in the system of a mint and the manner of applying it will require to be regulated.
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In January 1791, Treasury Secretary Alexander Hamilton submitted a report to Congress proposing the establishment of a mint. History Founding and early days (1792–1873) Beginning in 1977, President Jimmy Carter appointed no members of the public to the commission, and in 1980, he signed legislation abolishing it. In 1971, the commission met, but for the first time had no gold or silver to test, with the end of silver coinage. Each year, the President of the United States appointed unpaid members, who would gather in Philadelphia to ensure the weight and fineness of silver and gold coins issued the previous year were to specifications. Beginning in 1797, it met in most years at the Philadelphia Mint. The Mint Act of 1792 authorized the Assay Commission. These medals, different each year, are extremely rare, with the exception of the 1977 issue, which was sold to the general public.
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Appointment to the Assay Commission was eagerly sought after, in part because commissioners received a commemorative medal. Although some members were designated by statute, for the most part the commission, which was freshly appointed each year, consisted of prominent Americans, including numismatists. Its function was to supervise the annual testing of the gold, silver, and (in its final years) base metal coins produced by the United States Mint to ensure that they met specifications. The United States Assay Commission was an agency of the United States government from 1792 to 1980. Testing of gold and silver coin struck by the United States Mint.