Mormon History, 1848

[Utah Currency] Until the Civil War, the United States had no national currency, and most of the coins in circulation were privately minted. In order to provide a satisfactory circulating medium for the early settlers of Utah, Brigham Young and his associates in the LDS Church established a church mint in , and also placed in circulation paper money backed by the treasury and officials of the LDS Church. 1848

[source: Utah History Encyclopedia: Utah Currency,]

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