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Message from the Owner of U.S. Mint
The U.S. Mint
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.
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The US Mint
Mission
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:
- Distributing U.S. coins to the Federal Reserve banks and branches.
- Maintaining physical custody and protection of the Nation’s $100 billion of U.S. gold and silver assets.
- Producing proof, uncirculated, and commemorative coins, and medals for sale to the general public.
- Manufacturing and selling platinum, gold, and silver bullion coins.
- Overseeing of production facilities in Denver, Philadelphia, San Francisco and West Point, as well as the U.S. Bullion Depository at Fort Knox, Kentucky.
Locations
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.
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