Difference between revisions of "United States Mint"
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==History== | ==History== | ||
The Mint was created under The Coinage Act of 1792. This Act placed the Mint under the [[Department of State]]'s jurisdiction. The first Mint was located in Philadephia which was, at the time, the U.S. capital. In 1799 the Mint was made an independent agency, then under the Coinage Act of 1873, the Mint was moved under the jurisdiction of the [[Department of the Treasury]]. In 1981, it was placed under the power of the Treasurer of the United States. | The Mint was created under The Coinage Act of 1792. This Act placed the Mint under the [[Department of State]]'s jurisdiction. The first Mint was located in Philadephia which was, at the time, the U.S. capital. In 1799 the Mint was made an independent agency, then under the Coinage Act of 1873, the Mint was moved under the jurisdiction of the [[Department of the Treasury]]. In 1981, it was placed under the power of the Treasurer of the United States. | ||
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| + | ==Current Facilities== | ||
| + | ===Philadelphia=== | ||
| + | The first facility opened in 1792 and began producing coins in 1793. Coins minted prior to 1980 bore no mint mark, with the exception of the Susan B. Anthony dollar and the Jefferson nickel. Coins minted after 1980 are stamped with a "P". | ||
| + | |||
| + | ===Denver=== | ||
| + | Opened in 1863, 5 years after gold was discovered in the area, but did not begin minting coins until 1906. Coins minted in Denver are stamped with a "D". | ||
| + | |||
| + | ===San Francisco=== | ||
| + | Opened in 1854 in response to the California gold rush. Coins minted in San Francisco are stamped with an "S". | ||
| + | |||
| + | ===West Point=== | ||
| + | The newest branch of the U.S. Mint gained its official status in 1988. Coins minted at West Point are stamped with a "W". The West Point facility is also used for storage of part of the U.S gold bullion reserves. | ||
| + | |||
| + | ===Fort Knox=== | ||
| + | Fort Knox is not a coin production facility, but is still a facility of the Mint. Its purpose is for storage of the U.S. gold bullion reserves. | ||
| + | |||
| + | ==Mint Duties== | ||
Revision as of 14:40, April 10, 2007
The United States Mint produces coinage for circulation for the United States to conduct its trade and commerce. The main Mint is located in Philadelphia, Pennsylvania with branches in Denver, Colorado, San Francisco, California and West Point, New York.[Citation Needed]
History
The Mint was created under The Coinage Act of 1792. This Act placed the Mint under the Department of State's jurisdiction. The first Mint was located in Philadephia which was, at the time, the U.S. capital. In 1799 the Mint was made an independent agency, then under the Coinage Act of 1873, the Mint was moved under the jurisdiction of the Department of the Treasury. In 1981, it was placed under the power of the Treasurer of the United States.
Current Facilities
Philadelphia
The first facility opened in 1792 and began producing coins in 1793. Coins minted prior to 1980 bore no mint mark, with the exception of the Susan B. Anthony dollar and the Jefferson nickel. Coins minted after 1980 are stamped with a "P".
Denver
Opened in 1863, 5 years after gold was discovered in the area, but did not begin minting coins until 1906. Coins minted in Denver are stamped with a "D".
San Francisco
Opened in 1854 in response to the California gold rush. Coins minted in San Francisco are stamped with an "S".
West Point
The newest branch of the U.S. Mint gained its official status in 1988. Coins minted at West Point are stamped with a "W". The West Point facility is also used for storage of part of the U.S gold bullion reserves.
Fort Knox
Fort Knox is not a coin production facility, but is still a facility of the Mint. Its purpose is for storage of the U.S. gold bullion reserves.