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Home > 1835 - Nuggets to Coins

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. 

Exhibit & Section: 
History Timeline [1]
Antebellum Days 1820-1852 [2]
Node Order: 
260
This node displays related exhibits: 
No
Event Date Field: 
Thursday, January 1, 1835
Date of Event:


Source URL:https://www.cmstory.org/exhibits/history-timeline-antebellum-days-1820-1852/1835-nuggets-coins

Links
[1] https://www.cmstory.org/exhibits/history-timeline [2] https://www.cmstory.org/exhibits/antebellum-days-1820-1852