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us mint philadelphia

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 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 is in Washington, D.C.. It operates mint us mint facilities in Philadelphia, Denver, San Francisco, and West Point and a bullion depository at Fort Knox.[1]

The first Director of the United States Mint was renowned scientist David Rittenhouse. The position was held most recently by Edmund C. Moy until his resignation effective January 9, 2011. Henry Voigt was the first Superintendent and Chief Coiner, and is credited with some of the first U.S. coin designs. Another important position at the Mint is that of Chief Engraver, which has been held by such men as Frank Gasparro, William Barber, Charles E. Barber, James B. Longacre, and Christian Gobrecht.

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.

A new branch facility was opened in Carson City, Nevada in 1870; it operated until 1893, with a three-year hiatus from 1886 to 1888. Like the Charlotte and Dahlonega branches, the Carson City Mint (CC mint mark) was opened to take advantage of local precious metal deposits, in this case, a large vein of silver. Though gold coins were also produced there, no base metal coins were.

A branch of the U.S. mint (Manila Mint) was established in 1920 in Manila in the Philippines, which was then a U.S. colony. To date, the Manila Mint is the only US mint established outside the Continental U.S. and was responsible for producing coins for the colony (one, five, ten, twenty and fifty centavo denominations). This branch was in production from 1920 to 1922, and then again from 1925 through 1941. Coins struck by this mint bear either the M mintmark (for Manila) or none at all, similar to the Philadelphia mint at the time.

The Mint has operated us mint denver several branch facilities throughout the United States since the Philadelphia Mint opened in 1792 in a building named “Ye Olde Mint”. With the opening of branch mints came the need for mint marks, an identifying feature on the coin to show its facility of origin. The first of these branch mints were the Charlotte, North Carolina (1838–1861), Dahlonega, Georgia (1838–1861), and New Orleans, Louisiana (1838–1909) branches. Both the Charlotte (C mint mark) and Dahlonega (D mint mark) Mints were opened to facilitate the conversion of local gold deposits into coinage, and minted only gold coins. The Civil War closed both these facilities permanently. The New Orleans Mint (O mint mark) closed at the beginning of the Civil War (1861) and did not re-open until the end of Reconstruction in 1879. During its two stints as a minting facility, it produced both gold and silver coinage in eleven different denominations, though only ten denominations were ever minted there at one time (in 1851 silver three-cent pieces, half dimes, dimes, quarters, half dollars, and gold dollars, Quarter Eagles, half eagles, eagles, and double eagles).

A branch mint in The Dalles, Oregon was commissioned in 1864. Construction was halted in 1870, and the facility never produced any coins, although the building still stands.

us mint philadelphia
Artikel "us mint philadelphia" ditulis oleh admin update terakhir pada 20th July 2011 Categories: Uncategorized Tags: permalinks http://www.ajatkurniawan.com/us-mint-philadelphia.html di Herbal Back To Nature

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