United States Mint 1998 Annual Report

Table of Contents

• Information Resources
• Streamlined Organizational Structure
• Circulating Strategic Business Unit
• Numismatic Strategic Business Unit
• Protection Strategic Business Unit
• Management Discussion and Analysis
• Financial Statements
• Footnotes
• Reports of Independent Accountants

The Mission of the United States Mint is to manufacture the highest quality circulating numismatic, and bullion coins at the lowest possible cost and to deliver them in a timely manner . . . to expand our markets through exceptional customer service, product development, and innovative marketing . . . to sell numismatic and bullion products at a reasonable price and profit . . . and to provide security over assets entrusted to us.

— U.S. Mint Strategic Plan

To Our Colleagues and Customers:

The United States Mint has taken care of the American people’s business for two hundred years, and we proudly upheld that tradition in 1998. As from the first days of the republic, we minted coinage for American commerce and struck medals and coins honoring America’s great causes and individuals. Since before the Great Depression we’ve guarded our nation’s gold reserves, and we still do. Through crisis and calm, last year as in years before, we brought the world’s investors precious metal coins made from American bullion. More than a decade ago we became the Fortune 500-sized retailer of numismatic products for collectors and consumers that we remain today. And during the past four years, we’ve become the federal agency that proves government can respond to Americans’ demands for excellence.

In my previous reports you’ve seen the Mint taking care of business like a business. You’ve read how we’ve invested in productivity, cut costs, upgraded service, improved managerial practices and employee skills, represented collectors before Congress, launched new products, expanded markets, and installed information systems. During fiscal 1998, those efforts accumulated organizationally, operationally, and intellectually to a critical mass of innovation.

U.S. Mint Facilities and Functions

Denver, Colorado

• Manufactures General Circulation Coinage
• Manufactures Coin & Medal Dies
• Manufactures Miniature Medals
• Manufactures & Packages Regular Uncirculated Coin Sets
• Manufactures & Packages Commemorative Coins
• Stores Gold & Silver Bullion

Philadelphia, Pennsylvania

• Manufactures General Circulation Coinage
• Engraves All U.S. Coins and Medals
• Manufactures Coin and Medal Dies
• Manufactures Miniature and Multi-Strike Medals
• Manufactures, Packages & Ships Regular Uncirculated Coin Sets
• Manufactures, Packages & Ships Commemorative Coins
• Manufactures & Packages American Eagle Proof Silver Dollars

Customer Care Center (CCC)

• Processes Orders
• Provides Customer Service

San Francisco, California

• Manufactures & Packages Regular and Silver Proof Coin Sets
• Manufactures & Packages Uncirculated Silver Bullion Coins
• Manufactures, Packages & Ships Commemorative Coins
• Stores Silver Bullion

Fort Knox, Kentucky

• Protects Gold Bullion and Assets of Other Agencies

West Point, New York

• Manufactures & Packages Uncirculated Silver Coins
• Manufactures & Packages Proof and Uncirculated Gold Coins
• Manufactures, Packages & Ships Commemorative Coins
• Packages Four-Coin American Eagle Proof Sets
• Stores Gold and Silver Bullion

Headquarters, Washington, D.C.

• Formulates Policy
• Manages Programs & Markets Coins
• Provides Administrative Guidance
• Conducts Research & Development
• Provides ADP Operations

Next Section: Information Resources
Table of Contents

Jul 23, 2002
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