Early U.S. Coinage
The first old coins struck in the English-American colonies were the “NE” or “New England” coins authorized in 1652 by the Massachusetts General Court. These simple silver coins were punch-stamped with the letters “NE” on the obverse and the denomination in pence on the reverse (“III” or “VI” or “XII”). The simplicity invited clipping (cutting off pieces of the coins for the silver), and after a few months, these coins were replaced with more elaborate designs.
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Questions about Early U.S. Coinage
The earliest U.S. coinage dates back to 1792, when the U.S. Mint produced the first official coins of the United States. Among these were the half disme (an early spelling of “dime”), the cent, and the half cent, which were struck in the Mint’s first facility in Philadelphia. These coins were made following the Coinage Act of 1792, which established the U.S. Mint and the system of coinage, marking the beginning of federally issued currency in the country.