The United States Mint is responsible for producing and circulating coinage for the United States to conduct its trade and commerce.
The U.S. Mint was created by Congress on April 2, 1792, within the Department of State, located in Philadelphia. It was the first building of the federation raised under the Constitution. Its first director was the scientist David Rittenhouse. The Mint was made an independent agency in 1799, and under the Coinage Act of 1873, became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981.
Mint facilities are located in Philadelphia, Denver, San Francisco, and West Point, and other past locations, strike all of the United States' coinage. The United States' gold bullion reserves are protected by the Mint at the West Point Bullion Depository and the Fort Knox Bullion Depository. The Mint manages extensive commercial marketing programs. The product line includes special coin sets for collectors, national medals, American Eagle Gold and Silver Bullion Coins, and commemorative coins marking national events such as the Bicentennial of the Constitution. The Mint's functions include:
- Producing domestic, bullion and foreign coins;
- Manufacturing and selling national commemorative medals;
- Designing, producing, and marketing special coinage;
- Manufacturing and selling proof and uncirculated coin sets and other numismatic items;
- Safeguarding and controlling the movement of bullion;
- Disbursing gold and silver for authorized purposes;
- Distributing coins from the Mints to Federal Reserve Banks.