Definitions for united states mint
This page provides all possible meanings and translations of the word united states mint
United States Mint, U.S. Mint, US Mint(noun)
the mint that manufactures and distributes United States coins for circulation through Federal Reserve Banks; processes gold and silver bullion
United States Mint
The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, then the capital of the United States; it was the first building of the Republic raised under the Constitution. Today, the Mint's headquarters are in Philadelphia. It operates mint facilities in Denver, San Francisco, and West Point, New York and a bullion depository at Fort Knox, Kentucky. Mints were once located also in Carson City, Nevada and Washington, D.C. The Mint was made an independent agency in 1799. It converted precious metals into standard coin for anyone's account with no seigniorage charge beyond the refining costs. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981. Legal tender coins of today are minted solely for the Treasury's account.
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