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Feb 1, 2022 · History. On April 2, 1792, Congress passed the Coinage Act, establishing the first national mint in the United States. Congress chose Philadelphia, what was then the nation’s capital, as the site of our first Mint. As gold fever spread across the U.S., branch Mints and assay offices opened to serve the needs of a growing nation.
- Historical Documents
United States Mint Director, Eva Adams, is replying to a...
- History of U.S. Circulating Coins
In 1792, during construction of the new Mint, 1,500 silver...
- Mint Timeline
1785. May 13: The Grand Committee of the Continental...
- Historic Coin Production
Coinage at the First Mint. When the U.S. Mint first opened...
- History Overview
In March 1793, the Mint delivered its first circulating...
- Mint History
The Flowing Hair dollar was the first dollar coin issued by...
- The “Crime of 1873
While the main focus of the bill was to revise several laws...
- Historical Documents
- 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...
The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia , Denver , San Francisco , and West Point .
Oct 3, 2022 · 1785. May 13: The Grand Committee of the Continental Congress decides that the unit of American money will be the silver dollar, with all coins in a decimal ratio to each other. 1786. April 12: A Report of the Board of Treasury Relative to the Establishment of a Mint is submitted to the Continental Congress.
1792 - 1849. 1792: United States Mint created. Congress passes the Coinage Act, creating a national mint to make gold, silver, and copper coins. The United States Mint is born! President George Washington appoints David Rittenhouse, a leading scientist, as the first Director of the Mint.
The current United States Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, which was then the capital of the United States; it was the first building of the United States raised under the Constitution.
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In 1838, branches of the U.S. Mint were opened in Louisiana, Georgia, and North Carolina, and as gold and silver were discovered in the West, various branches and assay offices were established there. See alsoBarter; Currency and Coinage. bibliography. Stewart, Frank H. History of the First United States Mint. Camden, N.J.: private printing, 1924.
