A twenty-cent piece was certainly not a new idea. First proposed by Thomas Jefferson in 1783 to be part of our decimal system of coinage, the idea was abandoned in favor of the quarter dollar during deliberations for the Mint Act of 1792. The quarter more closely approximated the “two-bits” of the Spanish eight reales pieces then in widespread use. Proposed again in 1806, the denomination faced little opposition itself, but the legislation was defeated for reasons having to do wit...(Expand Text)

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