Where is America’s money printed? Meet the US Mint

Do you want to know where dollars are printed in the United States? Well, today we will tell you everything about printing money in the USA and where it physically happens.

There is only one place where money is printed in the United States. The history of US Mint or Mint dates back to the 18th century. At that time, the first colonies of what is now known as the United States had begun to break away. So that? To begin the formation of a new country. This territory – which is known today as the country of freedom and democracy – became a world power.

But, in order to create a completely new country independent of England, there were some challenges. The Founding Fathers had to have hundreds of meetings and brainstorms to create the foundations of what would become a successful country. He thinks that not only laws and norms of coexistence were needed, but also own money, that is, a currency that was different from the British.

In the year 1775, John Hancock proposed that the inhabitants of the colonies begin to use letters of credit as a form of payment. This money was made on paper and could be exchanged for Spanish dollars. Finally, it was Thomas Jefferson who devised the new American currency, which would end up being similar to the Spanish.

Where is money printed in the United States?

The history of the US Mint or Casa de la Moneda

Years later, after the separation of the first colonies, the territory of what would later become the United States was ready to have its own money. The Congress of the time decided that they needed a specific place that would be in charge of making that money. That place would be called the US Mint, that is, the United States Mint.

By legal provision, the people who work in the Casa de la Moneda they would make coins of silver, gold and copper, with some variations in the alloys. By the year 1792, the construction of the US Mint was ordered and this paved the way for the manufacture of the first US coins.

These first coins were made of copper and were divided into two formats: the cent and the half cent.. The coins were distributed to the American people so that they could use them in their daily transactions. Already in 1799, the Casa de la Moneda obtained its autonomy and began to manufacture hundreds of thousands of coins.

Over time, the square meters of the Mint fell short for the pace and volume of work that was carried out there. This forced the authorities to build more buildings to continue their work.. The second US Mint building was built in 1829 and the third in 1838. After that, more and more locations opened up across the country.

As early as the first decade of the 1900s, the method of coin production began to change, especially after the gold fever Of California. Here they also entered the panorama the famous quarters, dimes, nickels and one cent.

Of course, the design, manufacturing materials, and distinctive markings of these coins have changed over the years, but they maintain one common element: all were created by the United States Mint.

What is the Mint?

The United States Mint, that is, the US Mint, is in charge of producing the country’s coins. Your main task is to make sure that the citizens and the banking system have enough coins to complete their payments and daily activities. Both the Bureau of Engraving and Printing and the Mint are agencies of the Department of the Treasury.

Note: In addition to commonly used coins, the Mint also manufactures others, such as commemorative coins or medals for certain special events.

What does the Mint currently do?

The United States Mint has been an important part of the country’s history, but it is also important today. Although you can find offices in almost any corner of the country, the largest building of the US Mint is located in Philadelphia.

All the branches of the Casa de la Moneda, whether large or small, have a high pace of work and highly relevant tasks. Remember that at the US Mint quarters and cents are still made, in addition to gold and silver dollars.

Also at the United States Mint coins are created for certain special occasions, that is, commemorative coins. These are the favorite stars of coin collectors and even some investors.

Of course, the Mint does much more than just make coins: for example, it also produces medals, such as those of the Baseball Hall of Fame or those of Congress. At the beginning of the year 2000, the US Mint renewed the design of many coins, something that motivated collectors and the general public to acquire them.

Note: The Mint also has an important job to prevent counterfeiters from altering or designing similar coins.

In 2014, the Casa de la Moneda gave us a surprise: created the first curved currency in the United States. This is a silver one-dollar coin that was created to commemorate the 75th anniversary of the Baseball Hall of Fame.

Curious fact: Although the Mint has a lot of work to do, it always dedicates part of its time to citizenship. As it does? Well, educating her about the history of coins in the country, organizing educational games for children, giving workshops and special programs for coin collectors, etc.

Where is America’s money printed?

Contrary to popular belief, the Mint does not print United States money. This task falls to the US Bureau of Engraving and Printing, which produces the dollars needed by the Federal Reserve. However, remember that both the Mint and the Bureau of Engraving and Printing are subordinate agencies of the Department of the Treasury.

Where is the US Mint?

There are six buildings throughout the country that make up the Casa de la Moneda. Each of these buildings is called a “facility”. A facility is a building that has been specially constructed for manufacturing, design, and any other activity that is related to the issuance of United States currency.

From the Washington, DC headquarters; the Director of the Mint supervises the tasks carried out by the facilities of Philadelphia, Denver, San Francisco, New York, West Point and also the warehouse of gold bullion of the United States located in Fort Knox, KY.

Note: If you live in Philadelphia or are passing through, ask for a tour at the Casa de la Moneda! So you can see how each of the pieces you use to pay for products and services on a day-to-day basis are manufactured. If you’re not near Philly, don’t worry! You can also do a virtual tour.

Curious fact: The facility of the Mint that is in Denver is the one that manufactures the circulating and commemorative coins, uncirculated coins, dies, among others. It also stores gold and silver. There you can also take a tour.

What does each Mint facility do?

Has reading about the US Mint opened up your curious streak? So, explore what each Mint building does:

  • Fort Knox Bullion Depository. As its name implies, it is the bullion depository of the United States. It does not produce coins and never has in history.
  • Washington, D.C. Mint. This is the headquarters of the agency. Although it does not manufacture coins, it is responsible for the coin laws enacted in the country. He also handles research, publicity, and other important tasks for the US Mint.
  • San Francisco Mint. This plant is responsible for the manufacture of commemorative coins. It also makes proof coins and dies.
  • Philadelphia Mint. This is the first building of the Casa de la Moneda. In fact, it became the first federal building to be erected under the United States Constitution. This facility is responsible for manufacturing legal circulation coins, non-circulation coins, medals and coin dies. The Philadelphia House is open to the public.
  • West Point Mint. A collector’s favourite! This facility manufactures collector coins, gold bullion and American Eagles in gold, silver or platinum.

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