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“Bite-Size Bits of Local, National, and Global History”
Gainesville in Hall County, Georgia — The American South (South Atlantic)
 

First Private Mint Templeton Reid Mint

1830-1831

 
 
First Private Mint Templeton Reid Mint Marker image. Click for full size.
By David Seibert, November 1990
1. First Private Mint Templeton Reid Mint Marker
Inscription. Two hundred yards west, on the north side of Washington Street is the site of the first private mint in the United States to manufacture gold coins in dollar values. During the Georgia gold rush, trade suffered due to a shortage of sound money. There were few coins in circulation and most business was by barter. Templeton Reid (ca. 1787-1851), Milledgeville silversmith and expert machinist, saw an answer to the problem. He decided to buy raw gold, refine it and stamp coins of proven value, acceptable in any transaction. In 1830 he came to Gainesville, Georgia and opened an assay office. With machines and dies of his design and make he began to strike coins of $2.50, $5.00, and $10.00 denominations. Although questioned by many, this was legal under the U.S. Constitution. The business was not profitable and closed in 1831. The Reid gold coins minted in Gainesville are extremely rare and are eagerly sought by collectors.
 
Erected 1979 by Hall County Historical Society. (Marker Number HCHS-2.)
 
Location. 34° 17.963′ N, 83° 49.624′ W. Marker is in Gainesville, Georgia, in Hall County. Marker is on Washington Street 0 miles east of Main Street, on the left when traveling west. Click for map. The marker
First Private Mint Templeton Reid Mint Marker image. Click for full size.
By David Seibert, November 28, 2009
2. First Private Mint Templeton Reid Mint Marker
is located in the town square. Marker is in this post office area: Gainesville GA 30501, United States of America.
 
Other nearby markers. At least 8 other markers are within walking distance of this marker. U.D.C. Confederate Soldiers Monument (a few steps from this marker); Federal Building (about 400 feet away, measured in a direct line); Dedicated to the Veterans of 1898 - 1902 (about 500 feet away); Lyman Hall (about 600 feet away); Lt.-Gen. James Longstreet (about 600 feet away); George Washington (about 600 feet away); Henry O. Ward (approx. 0.2 miles away); Dr. Emmett Ethridge Butler (approx. 0.2 miles away). Click for a list of all markers in Gainesville.
 
Categories. Antebellum South, USIndustry & Commerce
 
First Private Mint Templeton Reid Mint Marker image. Click for full size.
By David Seibert, November 28, 2009
3. First Private Mint Templeton Reid Mint Marker
The marker with the Hall County Confederate Monument in the background
Hall County/Gainesville Confederate Monument image. Click for full size.
By David Seibert, November 28, 2009
4. Hall County/Gainesville Confederate Monument
For "Our Confederate Soldiers" (on the base)
 
 
Credits. This page originally submitted on , by David Seibert of Sandy Springs, Georgia. This page has been viewed 1,161 times since then and 63 times this year. Photos:   1. submitted on , by David Seibert of Sandy Springs, Georgia.   2, 3, 4. submitted on , by David Seibert of Sandy Springs, Georgia. • Kevin W. was the editor who published this page. This page was last revised on June 16, 2016.
 
Editor’s want-list for this marker. Separate HMdb entry for the Hall County Confederate Monument, seen in the background of picture 3. • Can you help?
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