The US Mint is a government-run minting agency that produces all of the nation's coinage for trade and commerce, and it provides security for the country's considerable assets. The mint is probably best-known in the precious metals industry for the wide variety of gold, silver, and platinum coins it produces.
All over the world, collectors and investors cherish the US Mint's products because the mint maintains incredibly high standards, and its products are excellent representations of the nation's ideals. In addition to legal coins, the mint produces both regular and special edition collectible currency, as well as national medals.
The most popular coins produced there include the 1 oz Gold Buffalo, the Gold Eagle and the Silver Eagle. The national medals, authorized by Congress, are made to honor significant historical events or to recognize someone whose actions were superior during times of conflict. The mint also produces high-quality precious metals and assures the security and authenticity of each product.
It also offers special program coins with historical significance, such as the 50 State Quarters program, which help introduce children to the exciting practice of coin collecting. Its annual coin and proof sets provide a first release of uncirculated coins produced each year, providing an authentic piece of history for collectors and investors.
Ever since the Coinage Act was passed by Congress in 1792, the US Mint has been the nation's official establishment for producing legal tender and circulating currency production. The US Mint website states, “”To hold a coin or medal produced by the U.S. Mint is to connect to the founding principles of our nation and the makings of our economy.””
The US Mint originally was created after the realization of the nation's critical need for a unified monetary system. Philadelphia was chosen as the site for the headquarters. It was the first federal building the government built under Constitutional law and has been at the forefront of many of the nation's historical struggles and changes.
It became an independent agency in 1799. After a unified currency was established, some mints (which are no longer in operation) existed with the sole purpose of converting regional gold coins into legal tender. These regional mints were seized to produce Confederate currency during the Civil War and closed after the war ended. At one time, the mint produced all metal military decorations for the US armed forces, and today it makes the official gold Congressional Medals.
In 1873, another Coinage Act was passed that officially made the mint part of the Department of the Treasury. More than a century later, it became the direct providence of the Treasurer of the United States.
The US Mint oversees the production of circulating currency, collectible coins, and bullion. Precious metals such as platinum, gold, and silver are used in its mintages.
The Philadelphia and Denver mints produce everyday circulating currency, while all four production sites produce numismatic collectible coins, and an investor can purchase bullion coins in precious metals from every facility except for Denver. The mint produces coins and medals of various weights. It carries out its mission every day by producing and distributing coins and precious metals all over the world, while also protecting the assets that are entrusted to it.
Investors know the US Mint is an excellent choice for high-quality coins and precious metals. As the official mint of the US government, its products guarantee authentic historical value. The national mint hires expert numismatists for inspection before all packaging. Coins are cleaned, inspected, and placed in protective Mylar packaging when they are sold or shipped.
The US Mint provides a comprehensive product schedule to the public which is useful for determining availability. As the official mint of the United States Treasury, it is the source of many collectible coins, so it sets the standard for what will become available throughout other mints. Bullion, an investor item, is available all year long and produced on a massive scale.
JM Bullion offers a wide selection of coins and bullion produced by the US Mint including the American Eagle bullion coins in gold, silver and platinum, as well as 1 oz American Gold Buffalo coins. Check out our extensive catalog of US Mint products, and begin building your portfolio today.