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1835 - Nuggets to Coins

March 3, 1835Charlotte is becoming the gold mining capital of the U.S. President Andrew Jackson signs the law authorizing Charlotte as a site for a branch of the U.S. Mint, so coins can be made here without transporting the gold to a Mint far away. Congress will allow $50,000 to be spent for the site, building and machinery. Architect William Strickland will design the Classically-styled building on West Trade Street. Gold is now valued at $20 per ounce. It will be worth nearly $1600 per ounce, 80 times more, by the 2010s.