The first coin ever made for circulation in the United States was the Fugio cent , authorized in 1787.
The following explains why the Fugio cent is considered the first official US coin:
- Authorization and Timing: The Congress of the Confederation authorized the Fugio cent. This occurred in 1787, before the U.S. Mint was officially established in 1792.
- Circulating Coinage: The Fugio cent was created for general circulation.
- Design Features: The Fugio cent featured a sundial and the inscription “Fugio” and “Mind Your Business” on one side. The other side displayed 13 chain links, representing the original states, with the motto “We Are One”. Benjamin Franklin is believed to have inspired this design.
- Reclassification: Coin grading organizations reclassified the Fugio Cent as a regular-issue United States coin in 2022, further establishing its historical significance.
What is the oldest US dollar coin?
The Flowing Hair dollar was the first dollar coin issued by the United States federal government. The coin was minted in 1794 and 1795; its size and weight were based on the Spanish dollar, which was popular in trade throughout the Americas.
How old is the oldest US coin?
Great question! The Mint delivered the nation’s first circulating coins on March 1, 1793 : 11,178 copper cents.