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Show Outstanding Gold Coin Collection On Display At Panguitch Branch Bank One of the finest private traveling displays of U. S. gold coins will be on view in the First State Bank office beginning the week of November 15th. Gold coins were ordered withdrawn from circulation by Executive Order of the President of the U. S In March 1933. Thus there is a whole new generation of U, S. citizens who have never seen the gold coins of their country and to whom this exhibit will be of prime interest. This exhibit is made up of coins taken from the private collection of The First National City Bank of New York. The Act of April 2, 1792 established a mint, and authorized, among others, the following coins: Gold eagles (each of the value of ten units or dollars), half-eagles and quarter eagles; Silver dollars, half- dollars, quarter-dollars, dimes and half-dimes. This was the first attempt of any nation to adopt by law a bimetallic standard with free and unlimited coinage of both metals, each having full power -as legal tender. Coinage of silver was begun In 1794, and of gold In 1795. One of the small gold eagles of 1795, the first issue of gold coins bearing the name of the United States of America, is included in the First National City display, and all subsequent Issues of varying denominations, such as the double eagle, the three dollar and one dollar pieces, are also represented In the collection Through this exhibit a section of our nation's history, the life span of gold coinage in the U. S., has been brought to life for those who otherwise might only read of It in the pages of a history book. |