![]() The first Director of the United States Mint was renowned scientist David Rittenhouse from 1792 to 1795. Legal tender coins of today are minted solely for the Treasury's account. It was placed under the auspices of the Treasurer of the United States in 1981. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury. It converted precious metals into standard coin for anyone's account with no seigniorage charge beyond the refining costs. Originally part of the State Department, the Mint was made an independent agency in 1799. Official Mints (Branches) were once also located in Carson City, Nevada Charlotte, North Carolina Dahlonega, Georgia New Orleans, Louisiana and in Manila, in the Philippines. It operates mint facilities in Philadelphia, Denver, San Francisco, and West Point, New York and a bullion depository at Fort Knox, Kentucky. Today, the Mint's headquarters (a non-coin-producing facility) are in Washington D.C. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, the then capital of the United States it was the first building of the Republic raised under the Constitution. The current United States Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State. The first authorization for the establishment of a mint in the United States was in a resolution of the Congress of the Confederation of February 21, 1782, and the first general-circulation coin of the United States, the Fugio cent, was produced in 1787 based on the Continental dollar. Today the building houses the San Francisco Historical Society. Branch Mint in California is located at 608–619 Commercial Street, San Francisco, San Francisco County. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. It does not produce paper money that responsibility belongs to the Bureau of Engraving and Printing. Mint reserves the right to change its premium structure based on prevailing metal acquisition costs.The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. United States Mint Authorized Purchasers are charged the LBMA PM Palladium Price plus a 6.25% premium.įor further information, call the U.S.Minimum ordering requirement: 100 ounces.United States Mint Authorized Purchasers are charged the LBMA PM Platinum Price plus $65 per coin.Minimum ordering requirement: 1,000 ounces.United States Mint Authorized Purchasers are charged the LBMA PM Gold Price plus a percentage premium as follows:.Minimum ordering requirement: 25,000 ounces.United States Mint Authorized Purchasers are charged the LBMA Silver Price plus a $2.35 per coin premium.Prices change on a daily basis, as the gold, silver, platinum and palladium markets fluctuate. ![]() ![]() Prices for American Eagles are based on the prevailing price of gold, silver, platinum, or palladium plus a modest premium to cover minting, distribution, and marketing costs. Gold, platinum, and palladium bullion coins.See if your firm qualifies for bulk purchasing of: To become a United States Mint Authorized Purchaser of gold, silver, platinum, or palladium bullion coins, your firm must meet certain financial and professional criteria.Ĭriteria is based on metal type. Instead, we distribute the coins through a network of official distributors called “Authorized Purchasers” who, in turn, create a two-way market buying and selling to wholesalers, financial institutions, and other secondary retailers. The United States Mint does not sell its bullion coins directly to the public. Since their launch, American Eagles have become the world’s number one bullion coin investment products. They are intended to provide investors with a convenient and cost-effective way to invest in precious metals. The Mint is actively working to complete this process in a timely fashion.Ĭongressionally authorized, American Eagle Bullion Coins are minted and issued by the United States Mint. During this review process, we are suspending the review of all applications until this process has been completed. The United States Mint is currently reviewing and updating our requirements for becoming an Authorized Purchaser of United States Mint Bullion products.
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