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How the first U.S. mint placed the face value on its coins.
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<p>[QUOTE="johnmilton, post: 4292130, member: 101855"]The number of immigrants may have changed the policy, but for the most part, U.S. gold and silver coins were traded based on their melt value, not the face value. That is the reason why the early mint was so fussy about getting weight right in the coins. Most of light planchets were melted; the heavy ones had the excess metal filed from their surfaces.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4292130, member: 101855"]The number of immigrants may have changed the policy, but for the most part, U.S. gold and silver coins were traded based on their melt value, not the face value. That is the reason why the early mint was so fussy about getting weight right in the coins. Most of light planchets were melted; the heavy ones had the excess metal filed from their surfaces.[/QUOTE]
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