Thursday, September 2, 2010

U.S. Mint

The United States Mint is the primary production site for circulating coin for the United States to carry out its trade and commerce. The U.S. Mint was formed by Congress with the passing of the Coinage Act of 1792. Per the terms of the Coinage Act, the first Mint building was in Philadelphia which, at the time, was the capital of the United States. It was the first building of the Republic raised under the Constitution. Today, the Mint is headquartered in Washington, D.C. and operates mint facilities in Philadelphia, Denver, San Francisco, West Point, New York, Fort Knox, Kentucky. The 3 major mints of the U.S. are Philadelphia, Denver and San Francisco.
Philadelphia is the leading mint facility in the United States. It is one of four active coin producing mints. First built in 1792 when Philadelphia was still the capital of the United States. The Philadelphia mint began operations in 1793. Coins minted at Philadelphia had no mark until 1980, with the exception of the Susan B. Anthony Dollar and the war time Jefferson Nickel.
In 1980, a “P” mark was added for those coins that were minted in Philadelphia.
Denver started in 1863 as a local assay office after gold was discovered in that area. By the turn of the century the office was bringing in over $5 million dollars in annual gold and silver deposits. 1906 the mint opened a new Denver branch producing its own working dies and as well as working dies for other mints. “D” is Denver’s mint mark and strikes coinage only for circulation with the exception of the $10 dollar 1984 Los Angeles Olympic Commemorative that the Denver mint struck along with 3 other mints.
The San Francisco mint opened in 1854 to serve the gold fields of the California Gold Rush. It quickly out grew its facility and moved to a new building in 1874. This building survived the great earthquake of 1906 and served until 1937. The present facility was opened and then closed in 1955, then reopened a decade later during the coin shortage of the mid 60’s. In 1968 it took over most proof coinage production for Philadelphia and since 1975 it has only been in use solely for proff coinage with the exception of the Anthony Dollar. The San Francisco’s mint mark is a “S’ and a feature on every coin minted by them.
TomsCoinWorld is a unique collection of gold and silver coins for every taste. From early large cents to modern commemoratives, TomsCoinWorld offers a wide array of coins in different grades. There will always be something for any collector that visits us, and with new items coming into our inventory everyday you’ll be sure to find the perfect coin for you at TomsCoinWorld.
Visit TomsCoinWorld for additional coin details.
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