for us, be healthy, where (announcer) the following is a paid presentation furnished by rare collectibles tv llc(announcer) in 1792 as a young country in its formative stages, the united states of america needed to assert its status as a new global power to the leading countries around the world. as a way to firmly declare to the world that the united states of america was now an independent country that would continue to propel freedom, the first president of the united states, george washington signed the coinage act of 1792. this act established the dollar as america's standard unit of money and created all denominations