- Banning, CA
More informationAmerica's Articles of Confederation, adopted in 1781, provided that Congress should have the sole right to regulate the alloy and value of coins struck by its own authority or by the respective states.
Each state had the right to coin money, but Congress served as a regulating authority. Vermont, Connecticut and New Jersey granted coining priveleges to companies or individuals. A number of interesting varieties of these state issues, most of which were struck in fairly large quantities, can still be acquired, and form a basis for many present day collections of early American coins.