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  3. February
  4. 16
  5. Dollar coin (United States)

Events on February 16 in history

1874Feb, 16

Silver Dollar becomes legal US tender.

The dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold, silver, and base metal versions. Dollar coins were first minted in the United States in 1794.

While true gold dollars are no longer minted, the Sacagawea, Presidential, and American Innovation dollars are sometimes referred to as golden dollars because of their color. As with several other denominations of U.S. coinage, golden dollars are similar in diameter and color to their Canadian counterpart (known as the "loonie," which predates the Sacagawea dollar by thirteen years). However, unlike the 11-sided Canadian dollar coins, U.S. "golden dollar" coins are round.

Dollar coins have never been popular in the United States since the removal of precious metal from coins. Despite efforts by the government to promote their use to save the cost of printing one-dollar bills, such as the Presidential $1 Coin Program, most Americans currently use the bill. For this reason, since December 11, 2011, the Mint has not produced dollar coins for general circulation, and all dollar coins produced after that date have been specifically for collectors. These collector coins can be ordered directly from the Mint, while pre-2012 circulation dollars can be obtained from most U.S. banks.

References

  • Dollar coin (United States)

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Events on 1874

  • 28Feb

    Tichborne case

    One of the longest cases ever heard in an English court ends when the defendant is convicted of perjury for attempting to assume the identity of the heir to the Tichborne baronetcy.
  • 15Mar

    Second Treaty of Saigon

    France and Viet Nam sign the Second Treaty of Saigon, further recognizing the full sovereignty of France over Cochinchina.
  • 27May

    Gert Alberts

    The first group of Dorsland trekkers under the leadership of Gert Alberts leaves Pretoria.
  • 7Nov

    Thomas Nast

    A cartoon by Thomas Nast in Harper's Weekly, is considered the first important use of an elephant as a symbol for the United States Republican Party.
  • 25Nov

    Panic of 1873

    The United States Greenback Party is established as a political party consisting primarily of farmers affected by the Panic of 1873.

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