Coinage Act of 1849 explained

Shorttitle:Coinage Act of 1849
Nickname:Gold Coinage Act
Longtitle:An Act to authorize the Coinage of Gold Dollars and Double Eagles
Enacted By:30th
Cite Public Law:30-108
Cite Statutes At Large:, Chap. CIX
Introducedin:House
Introducedby:James Iver McKay (DNC)
Introduceddate:January 25, 1849
Committees:United States House Committee on Ways and Means
Passedbody1:House
Passeddate1:February 20, 1849
Passedbody2:Senate
Passeddate2:March 3, 1849
Agreedbody3:House
Agreeddate3:March 3, 1849
Agreedvote3:passed
Signedpresident:James K. Polk
Signeddate: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.

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]

See also

External links

Notes and References

  1. Web site: Journal of the House of Representatives of the United States, 1848-1849 THURSDAY, January 25, 1849. . . American Memory . Library of Congress . August 13, 2021.
  2. Web site: The Congressional Globe . . American Memory . Library of Congress . August 15, 2021.
  3. Web site: Journal of the House of Representatives of the United States, 1848-1849 TUESDAY, February 20, 1849. . . American Memory . Library of Congress . August 12, 2021.
  4. Web site: The Congressional Globe . . American Memory . Library of Congress . August 20, 2021.
  5. Web site: Journal of the House of Representatives of the United States, 1848-1849 SATURDAY, March 3, 1849. . . American Memory . Library of Congress . August 8, 2021.