Search results
The United States Mint Police, a federal law enforcement agency, is responsible for the protection of Mint facilities, employees and reserves. [30] The production and sale of circulating coinage and the other functions of the Mint are funded through the United States Mint Public Enterprise Fund, established in 1995.
About the United States Mint. The mission of the U.S. Mint is to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and providing security over assets entrusted to us. Since our institution’s founding in 1792, the Mint has taken great pride in rendering the story ...
Summary. In Fiscal Year (FY) 2025, the United States Mint’s (Mint) total estimated budgetary requirements for operations, metal, and capital investments are $5.7 billion. This budget will support the production of 6.5 billion circulating coins, as well as the production of bullion coins and other numismatic products sufficient to meet ...
- Southern Branch Mints
- Mint Expands West
- Assay Offices
- Bullion Depositories
In the early 1800s, America experienced its first two gold rushes: first in North Carolina and then in Georgia. Demand on the Philadelphia Mint to melt, refine, and produce coins from this gold pushed the Mint to its limits. In 1835, Congress passed legislation to establish three new branch Mints located in Charlotte, NC; Dahlonega, GA; and New Orl...
In 1849, the California Gold Rush brought a flood of people west for the chance to get rich. Transporting the gold east all the way to the Philadelphia Mint was time-consuming and risky. In 1854, a branch Mint opened in San Francisco to convert the miners’ gold into coins. By the end of that year, the San Francisco Mint produced $4,084,207 in gold ...
Gold and silver pouring in from strikes throughout the West created the need for assay offices around the country to assess and process the metal ore. Most closed in the early 1900s when the metal deposits waned. The New York Assay Office in Manhattan was the notable exception; it stayed in operation for almost 130 years, finally closing in 1982. E...
The Mint’s demand for the gold and silver needed to produce coins in increasing quantity for the growing U.S. population meant that there needed to be a secure location to store the country’s bullion. In 1936, the Fort Knox Bullion Depository opened in Kentucky. The next year, the facility received its first shipment of gold from the Philadelphia M...
Architects drawing of the Carson City, NV U.S. Mint “Distributed from Washington, D.C., as neat, detailed drawings on oiled linen, these buildings rose in brick or stone and announced the federal government, often in far-flung places. They were likely to be the best buildings in town. For the strength of their presence today, many are the objects of historic preservation.” – Antoinette ...
Summary. In Fiscal Year (FY) 2022, the Mint’s total estimated budgetary requirements for operations, metal, and capital investments are $3.31 billion. This budget will support the production of 18 billion circulating coins, as well as the production of bullion and other numismatic products sufficient to meet customer demand.
The Mint sold 24,713.0 million ounces of gold, silver and platinum bullion coins, an increase of 5,897.0 million ounces from last year. Total bullion revenue increased 209.3 percent to $2,111.7 million in FY 2020, primarily due to a 375.4 percent increase in gold bullion coin revenues.
