United States Mint (U.S. Mint) Gold

The United States Mint

The United States Mint is one of the world’s most-respected producers of Precious Metals products. It produces coins used in circulation throughout the United States and stores Precious Metal bullion for the country as a whole. To accomplish these monumental tasks that are essential to the country’s economy, the U.S. Mint has five locations. The current locations include:

• The United States Mint at Philadelphia, Pennsylvania - This location handles all the engraving and manufacturing of coin and medal dies. It is also responsible for the production and circulation of some commemorative coins.
• The United States Mint at Denver, Colorado - From its location in the Mile High City, the Denver Mint mainly produces coins designed for circulation.
• The United States Mint at San Francisco, California - Around since the California Gold Rush, the San Francisco Mint now produces proof coins for numismatic collectibles in addition to some commemorative coins.
• The United States Mint at West Point, New York - Dealing in large quantities of Precious Metals, the U.S. Mint at West Point manufactures Gold, Silver and Platinum bullion in addition to proof and uncirculated coins. It also strikes some commemorative coins.
• The United States Bullion Depository at Fort Knox, Kentucky - While this U.S. Mint is not a production facility, it plays the essential role of storing Precious Metals bullion reserves for the United States.

Previous official mint branches were located in Carson City, Nevada, Charlotte, North Carolina, Dahlonega, Georgia, New Orleans, Louisiana and Washington D.C.

History of Gold and the U.S. Mint

In the years between 1838 and 1933, the U.S. Mint produced Gold coinage that was used as legal tender. The Gold Reserve Act of 1934 removed Gold from circulation in the United States and made it illegal to own Gold bullion. Even now, these historical Pre-1933 coins are wildly popular and highly prized as beautiful collectibles with a great deal of numismatic value.

In 1974, the United States reinstated the ability to legally own Gold bullion. Just 12 years later, the U.S. Mint announced its first Gold bullion series with the Gold American Eagle. These Gold coins have been in high demand ever since, which inspired the United States Mint to begin offering its Gold Buffalo coins as the first 1 oz .9999 fine Gold coins from the U.S Mint. Now, every year, the U.S. Mint produces commemorative Gold coins that honor important people, places and events from United States history.