1792 WASH, ROMAN HEAD CENT PR65 Red Brown
FABULOUS SPECIMEN OF A ROMAN HEAD PRESIDENT WASHINGTON DESIGN. SOLE HIGHEST GRADED. BUSHNELL/PARMELEE PEDIGREE. CAC.
The year 1792 stands out in American history, marked by significant events that shaped the nation's trajectory.
The Coinage Act of 1792 was introduced in the United States Congress and signed into law by President George Washington. It was primarily authored by the members of Congress at that time. The act established the United States Mint, regulated the coinage of the United States, and created the U.S. dollar as the country's standard unit of money. This Act was a significant piece of legislation that laid the foundation for the modern U.S. currency system.
Another significant event was the establishment of the Postal Service Act, which created the United States Post Office Department, a forerunner of today's United States Postal Service. This Act was instrumental in revolutionizing American communication, connecting diverse parts of the young nation through an extensive network of postal routes and services. It played a key role in fostering national unity and the efficient exchange of information.
1792 also marked the beginnings of the New York Stock Exchange, one of the world's foremost financial institutions. Originating from the Buttonwood Agreement, signed under a buttonwood tree on Wall Street, this development laid the foundation for organized securities trading in New York. The establishment of the Stock Exchange was crucial in the evolution of the American financial system and had a profound impact on global finance.
These pivotal events of 1792 collectively illustrate a year of progress and unification, reflecting the dynamic spirit of early America.
**Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.