About | U.S. Mint (2024)

The mission of the U.S. Mint is to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and providing security over assets entrusted to us.

Since our institution’s founding in 1792, the Mint has taken great pride in rendering the story of our nation in coins. To hold a coin or medal produced by the Mint is to connect to the founding principles of our nation and the makings of our economy.

The Mint is the nation’s sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the nation to conduct its trade and commerce.

The Mint also produces coin-related products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; and silver and gold bullion coins. The Mint’s programs are self-sustaining and operate at no cost to the taxpayer.

Browse our History section to learn about the Mint’s history as one of the oldest agencies in the federal government.

For information about U.S. paper currency, please contact the Bureau of Engraving and Printing.

America’s First Coins

Watch the video below to learn about the first coins manufactured by the U.S. Mint.

This page contains the following video: https://www.youtube.com/embed/FnRboZn7Zvg

About | U.S. Mint (2024)

FAQs

Is it worth buying from the U.S. Mint? ›

Collectors and investors often consider US Mint coins a valuable addition to their portfolios. These pieces hold historical significance, potentially increase in value over time, and offer diversification.

What is the U.S. Mint simple definition? ›

The United States Mint is the government agency that makes coins! Coins are small, metal discs that people use as money. The Mint makes sure people in the U.S. have coins to spend, save, or collect. In colonial America, people used coins from other countries, livestock, or crops to pay for goods and services.

Why is the U.S. Mint still important now? ›

The mission of the U.S. Mint is to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and providing security over assets entrusted to us.

What are the core values of the U.S. Mint? ›

To maintain the Mint's reputation as one of the finest mints in the world, Mint employees are committed to undertaking their work according to the core values of service, quality, and integrity.

Why are US mint coins so expensive? ›

Additionally, the US Mint produces a range of commemorative coinage that transcends their intrinsic metal value. Whether collected by collectors or investors, gold US Mint coins have a high purchase and resale value due to their historic and aesthetic value.

Is buying silver from US Mint a good investment? ›

Investing in silver-proof coins allows individuals to own a tangible asset with inherent worth. Silver has been recognized as a store of value throughout history, unlike paper currency or digital assets, serving as a hedge against inflation and economic uncertainties.

Does the U.S. Mint destroy old coins? ›

Coins can last around 30 years in circulation before they're too worn to use. When coins reach the end of their life, the Federal Reserve removes them from circulation. Old coins are melted down and used for other things.

Is the U.S. Mint getting rid of pennies? ›

The U.S. Mint has no plans to discontinue the penny, and such a move would require congressional approval. However, the “Penny Debate” continues in the United States, with pro- and anti-penny advocates both making some pretty solid points in their arguments.

Who controls the U.S. Mint? ›

As a part of the U.S. Department of Treasury, the United States Mint derives its authority from the United States Congress. Congress authorizes every coin and most medals that the U.S. Mint manufactures and oversees the Mint's operations under its Public Enterprise Fund (PEF).

Who runs the U.S. Mint? ›

Ventris Gibson

Where does the money from the mint go? ›

Most circulating coinage is made at the Philadelphia and Denver Mint facilities. The Federal Reserve is responsible for the country's circulating coin inventory and distribution of coins to its depository institutions (banks, credit unions). Federal Reserve Banks buy coins from the Mint at face value.

How much does it cost to mint each U.S. coin? ›

Seigniorage by Coin Type and Per Dollar in 2023
Coin TypeCost Per CoinTotal Seigniorage
Cent$0.0307$86 Million
Nickel$0.1154$92.6 Million
Dime$0.0530$125.5 Million
Quarter$0.1163$304 Million
1 more row
Jun 17, 2024

Do U.S. Mint coins gain value? ›

As mentioned earlier, you can spend commemorative coins like any other currency, but you are better off saving them. These coins gain value over time because they are only minted once, according to the American Rarities site.

Can you buy directly from the U.S. Mint? ›

The Mint does not sell bullion coins directly to the public. Instead, the Mint distributes the coins through a network of official distributors called “authorized purchasers”. Authorized purchasers create a two-way market buying and selling to wholesalers, financial institutions, and other secondary retailers.

Is Mint coin a good investment? ›

Is Mantle Coin a good investment? Absolutely! Based on our comprehensive Mantle (MNT) price prediction analysis, investing in Mantle coins and holding them for the long term is considered a smart move due to the projected price surge in the future.

Is Mint worth using? ›

Mint is one of the best budgeting apps to use if you have a financial goal and want to monitor your spending regularly. It shows your account balance and recent transactions. It also lets you know about upcoming bills.

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