U.S. Mint
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United States Mint (U.S. Mint) is responsible for producing coinage for the United States to conduct its trade and commerce, as well as designing and issuing collectible coins, medals, and managing the country's gold and silver assets.
Mission
The U.S. Mint's mission is to serve the nation by manufacturing and distributing coinage for everyday transactions and for collectors. It also engages in the production of medals and gold and silver bullion, aiming to tell the story of America through its coinage while ensuring stringent security over the nation's bullion reserves.
Parent organization
The U.S. Mint operates under the U.S. Department of the Treasury.
Legislation
The U.S. Mint was established by the Coinage Act of 1792, which authorized the creation of a national mint.
Partners
- Federal Reserve System for distribution of circulating coins. - Various private sector entities for the sale of numismatic products.
Number of employees
The U.S. Mint employs approximately 1,800 individuals.
Organization structure
- Office of the Director oversees all operations and policy direction.
- Manufacturing and Technology manages coin and medal production across multiple facilities.
- Sales and Marketing handles the sales of numismatic products.
List of programs
- American Eagle Bullion Coins
- Commemorative Coin Programs
- Circulating Coinage
Last total enacted budget
The U.S. Mint operates on a self-sustaining model; its programs are funded through the sales of its products, not through taxpayer funds.
Leader
Ventris C. Gibson serves as the Director of the United States Mint.
Services provided
The U.S. Mint produces coins for everyday use, including pennies, nickels, dimes, quarters, and dollars. It also mints precious metal coins for investors, collectible coins for enthusiasts, and designs and produces medals for various honors and events. Public tours, educational programs, and the sale of numismatic items are also part of its services.
Regulations overseen
While not directly overseeing regulations, the U.S. Mint must adhere to legal standards for coinage and bullion, including specifications set by Congress and managed through the Department of the Treasury.
Headquarters address
801 9th Street NW, Washington, DC 20001
Website
Wikipedia article
wikipedia:United States Mint
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