Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) Philadelphia — John Shaqi
Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) PhiladelphiaStewart, Frank H.
History
Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) Philadelphia
Stewart, Frank H.
37-39 North Seventh Street (Philadelphia, Pa.); Historic buildings -- Pennsylvania -- Philadelphia; Mints -- United States -- History; Old United States Mint (Philadelphia, Pa.); Philadelphia (Pa.) -- Buildings, structures, etc.
It is interesting to note that in the excavations on the site of the old
building, several copper coins and planchets were found, most of which
are illustrated opposite page 20. Two worthy of mention are about the
size of half-cents, but with small holes in the centre, one of them
having a milled edge, the other a plain edge. They are supposed to be
planchets for the excessively rare 1792 silver centre cents, which must
certainly have been struck off at the mint, otherwise the planchets
would not have been found there. The author now has these finds in his
possession, as well as a collection of hand forged hardware taken off the
old building.
On May 8, 1792, the director of the mint was authorized, with the
approbation of the President, to purchase a quantity of copper for the
coinage of cents and half-cents, and Congress also provided that when
fifty thousand (50,000) dollars of such cents and half-cents had been
coined notice should be given to the public in at least two newspapers,
and that any attempt to pass other copper coins would result in their
forfeiture.
From a national viewpoint the old mint buildings are the most historical
in the United States, because they were the first erected by the
authority of the Federal Government for public use. It was the sole
United States Mint from 1792 to 1833. The corner-stone was laid July 31,
1792, and presumably by David Rittenhouse, the celebrated astronomer
and philosopher and first director of the mint. The achievements of
Rittenhouse very readily place him in the same distinguished class as
Benjamin Franklin.
The ground on which the first United States mint buildings stand was sold
by William Penn to the Pennsylvania Land Company, and transferred to it
by deed dated August 12, 1699, “in the 11th year of our Sovereign Lord
King William III, of England, Scotland, France and Ireland.”
The Pennsylvania Land Company then consisted of Tobias Collett,
haberdasher; Michael Russell, weaver; Daniel Quare, watchmaker, and Henry
Goldney, linendraper, all of London, England.
[Illustration: VAULT WITHIN A VAULT
BASEMENT OF COINAGE BUILDING
THE “BURGLAR PROOF” OF 1792]
The deed was signed by Penn August 17, 1699, and was stamped with two
six-penny stamps. The consideration was 2,000 pounds. Herbert Springett,
Wm. Martin and Wm. Springett acted as witnesses.
The mint grounds are part of “six inland city lots, lying between the two
rivers, Delaware and Schuylkill.”
This deed, in addition to the six city lots which were evidently thrown
in as a bonus, conveyed two river front lots, one on the Delaware and one
on the Schuylkill, also 60,310 acres of land, variously and indefinitely
located for the greater part. Two hundred and ten acres of this land
was granted by warrant to Richard Noble, “old renter,” by Penn the 14th
day of the 5th month, 1683, and afterwards by a patent to Noble the 5th
day of the 6th month, 1685, by Thomas Lloyd, James Claypoole and Robert
Turner, commissioners for Penn.
Public-domain text, read in full here on John Shaqi.
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