Trial of the Pyx Trial of the Pyx The Trial of the Pyx () is the procedure in the United Kingdom for ensuring that newly minted coins conform to the required standards. These trials have been held from the twelfth century to the present day, normally once per calendar year. The form of the ceremony has been essentially the same since 1282 AD. These events are trials in the full judicial sense, presided over by a judge with an expert jury of metallurgical assayers. Given modern production methods, it is unlikely that coins would not conform, but this has been a problem in the
Coins of the United States dollar Coins of the United States dollar Coins of the United States dollar were first minted in 1792. New coins have been produced annually since then and they make up a valuable aspect of the United States currency system. Today, circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion (including gold, silver and platinum) and commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn are responsible for putting coins into circulation and withdrawing