The US Congress Coinage Act of 1792 establishes a national mint located in Philadelphia and Congress chose decimal coinage in parts of 100, and set the name of the Coinage as the U.S. dollar to the already familiar and widely used Spanish silver dollar and its fractional parts (half, quarter, eighth, sixteenth). This resulted in coins of the following metals and denominations: Copper: half cent and cent. Silver: half dime, dime, quarter, half dollar, and dollar. Gold: quarter eagle ($2.50), half eagle ($5), and eagle ($10). The Flowing Hair dollar, designed by Robert Scot, was initially produced in 1794, and again in 1795. In October 1795 the design was replaced by the Draped Bust dollar. More
