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U.S. Mint Community
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| Created: |
Jan 24, 2008 |
| Location: |
Washington, District of Columbia, United States of America |
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| Members: |
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United States Mint (US Mint)
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| U.S. Mint |
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The primary mission of the US Mint is to produce an adequate volume of circulating coinage for the nation to conduct its trade and commerce. The Mint also distributes coins to the Federal Reserve banks and branches, maintains custody of the Nation's gold and silver assets (worth more than $100 billion), and redeems and processes mutilated coins. In addition, the US Mint generates revenue by selling proof and uncirculated coins; commemorative medals; and platinum, gold, and silver bullion coins to the general public. Despite its standing as a government institution, the US Mint does turn a profit, which it transfers to the Treasury General Fund.
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