Since Congress created the United States Mint on April 2, 1792, it has grown tremendously.
The United States Mint receives more than $1 billion in annual revenues. As a self-funded
agency, the United States Mint turns revenues beyond its operating expenses over to the
General Fund of the Treasury.
The United States Mint applies world-class business practices in making, selling, and
protecting our Nation’s coinage and assets.
— U.S. Mint Strategic Plan
The primary mission of the United States Mint is to produce an adequate volume of
circulating coinage for the nation to conduct its trade and commerce. In recent
history circulating coin production has varied between 11 billion and 20 billion
coins annually. In addition to producing coins, the United States Mint has other
responsibilities, including the following:
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Distributing U.S. coins to the Federal Reserve banks and branches.
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Maintaining physical custody and protection of the Nation's $100 billion of
U.S. gold and silver assets.
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Producing proof, uncirculated, and commemorative coins, and medals for sale
to the general public.
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Manufacturing and selling platinum, gold, and silver bullion coins.
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Overseeing of production facilities in Denver, Philadelphia, San Francisco
and West Point, as well as the U.S. Bullion Depository at Fort Knox, Kentucky.
The United States Mint operates six
facilities
across the United States with each facility performing unique functions. Current
facilities are located in: Washington, DC; Philadelphia, PA; West Point, NY;
Fort Knox, KY; Denver, CO; and San Francisco, CA.
For information about U.S. paper currency, please contact the
Bureau of Engraving and Printing
.
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