LEGISLATIVE HISTORY OF GOLD AND SILVER COINSįor a country to be considered to be on metallic standard, whether gold, silver, or bimetallic -using both gold and silver -the first principle is that its mint must issue coins.
The act has a legislative history that dates to the Coinage Act of 1792, and it led eventually to the enactment of the Gold Standard Act of 1900. The important sections of the act of 1873 concerned gold and silver coinage, the basis of the monetary standard of the United States at the time. 424) comprehensively revised and rewrote the existing laws regarding mint and coinage issues.
