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borndied
1795, Oct 151870, May 5
an employee and officer of the Philadelphia Mint from 1833 to 1854. Although Peale introduced many innovations to the Mint of the United States, he was eventually dismissed amid allegations he had used his position for personal gain. In 1833, Peale was hired by the Mint, and was sent for two years to Europe to study and report back on coining techniques. He returned with plans for improvement, and designed the first steam-powered coinage press in the United States, installed in 1836. Peale was made Melter and Refiner of the Philadelphia Mint that year, and Chief Coiner three years later upon the retirement of the incumbent, Adam Eckfeldt, who continued in his work without pay. Eckfeldt's labor allowed Peale to run a medal business using Mint property. This sideline eventually caused Peale's downfall: conflicts with Engraver James B. Longacre and Melter and Refiner Richard Sears McCulloh led to Peale being accused of misconduct, and he was dismissed by President Franklin Pierce in 1854.
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03/23/1836-Steam-powered coin press invented by Franklin Peale
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