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Fourth U.S. Mint Postcard

Image Information

Type Document
Title Fourth U.S. Mint Postcard
Contributor David Sklow
Country United States
/Catalog #
Description [front] UNITED STATES MINT, Philadelphia, Pennsylvannia [back] THE UNITED STATES MINT A Bureau of the Department of the Treasury. The Act of April 2, 1792, which provided for gold, silver and copper coinage, also created the first U.S. Mint in the City of Philadelphia, then the Nation's capital. Presisdent Washington placed the operation under the supervision of the Secretary of State, where it remained until 1799, when the Mint became an independent agency reporting directly to the President. Subsequent legislation set up branch mints and assay offices and authorized public depository functions in these establishments. The coinage Act of 1873 put all mint and assay office activities under the newly-organized Bureau of the Mint in the Department of the Treasury. Mint Service activities are administered by the Director of the Mint from Bureau headquarters in Washington, D.C. The Director is appointed by the President, with the advice and consent of the Senate, and is responsible for coinage production and the distribution of coins to and among the Federal Reserve banks and branches, which in turn release them, as required, to commercial banks. In addition, the Mint maintains physical custody of Treasury stocks of gold and silver; moves, places into storage and releases gold and silver bullion from custody for such purposes as authorized. It also manufactures coinage dies. On a reimbursable basis, the Mint manufactures and sells medals of a national character, manufactures coinage for foreign governments, and produces proof and uncirculated coins and sets for sale. The Director oversees the operation of the Philadelphia and Denver Mints, the Assay Office at San Francisco, and two depositories for the storage of precious metals, one at Fort Knox, KY., and the other at West Point, N.Y. Under Congressional authority, the West Point facility is also being used as an auxillary coinage plant. The Bureau also maintains the restored San Francisco Old Mint which houses a customer services center tor processing numismatic orders, admininstrative offices, and a two-level museum containing Mint and early California displays and memorabilia. The Director of the Mint reports annually to the Secretary of the Treasury on Mint operations for the fiscal year. The report includes statistical tables covering coin production, inventories, and distribution, as well as the production of national medals and foreign coinage produced by U.S. Mints.

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