- The United States Mint was found in 1792. The government was given the authority to coin money in the Constitution of the United States, Article I, Section 8, according to the "History of the Mint" on the U.S. Mint website. David Rittenhouse was the first director and was appointed by none other than George Washington himself.
- According to the mint's website, its mission is to produce and sell the nations coins. It also protects the integrity of those coins and other assets.
- The United States Mint produces not only the coins in circulation in the U.S. but is also responsible for creating commemorative coins and medals. It also makes gold, silver and platinum bullion coins.
- The mint distributes coins to the various Federal Reserve banks throughout the United States. It regulates and oversees mint production facilities in Denver, Philadelphia, San Francisco and West Point, as well as the depository at Fort Knox, Kentucky, according to the mint's website.
- The first coins ever officially produced were 11,178 copper cent pieces in the year 1793. The mint today is fully self-funded.
next post