The transportation process was difficult, slow, expensive, and dangerous; frustration with this system led to the creation of private gold coining operations in the Charlotte area.
In the spring of 1831, North Carolina merchants and miners petitioned Congress for a branch mint in the Charlotte region to reduce the risk of transporting gold.
They received no response until three years later when the United States Treasury began to investigate private coining operations and recognized North Carolina's need for more federal coinage.
[2] This Act also authorized mints at Dahlonega, Georgia, and New Orleans, Louisiana, after President Andrew Jackson signed it into law.
In November, 1835, Levi Woodbury, Secretary of the Treasury, was notified by Samuel MeComb that he had purchased from William Carson and F. L. Smith a full square containing 4 acres of land for $1,500.00 (equal to $44,303 today), which is now the 400 block of West Trade Street.
Proposals for erection of the building were advertised and the contract was awarded to Perry & Ligon, of Raleigh, NC on October 15, 1835 at a price of $29,800.00.
They relocated the structure a few miles east of downtown Charlotte, to the historic neighborhood of Eastover on a plot of land donated by E.C.