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The US Treasury owns 8133.5 tonnes of gold, [27] 7628 tonnes of which is stored in US Mint storage facilities, namely, 4582 tonnes (147.3 million troy ozs) in the US Bullion Depository in Fort Knox, Kentucky, 1682 tonnes (54.1 million troy ozs) in the West Point bullion storage facility in upstate New York, and 1364 tonnes (43.8 million troy ...
The West Point Mint is a U.S. Mint production and depository facility erected in 1937 near the U.S. Military Academy in West Point, New York, United States. As of 2019 [update] the mint holds 22% of the United States' gold reserves , or approximately 54,000,000 troy ounces (1,700,000 kg) [ 2 ] (over $100 billion USD as of 2021).
Today the United States Mint is largest mint manufacturer in the world, operating across six sites and producing as many as 28 billion coins in a single year. [2] Its largest site is the Philadelphia Mint which covers 650,000 square feet [ 3 ] (6 hectares) and can produce 32 million coins per day.
The Coinage Act of 1792 (also known as the Mint Act; officially: An act establishing a mint, and regulating the Coins of the United States), passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. [1]
The Franklin Mint is a private mint founded by Joseph Segel in 1964 in Wawa, Pennsylvania. [1] [2] The building is in Middletown Township. [3] The brand name was previously owned by Sequential Brands Group headquartered in New York City. [4] It is currently owned by Retail Ecommerce Ventures (REV). [5]
A branch mint is a satellite operation of (usually) a national mint. In many cases it will add a mint mark to coins that is different from that used at the main facility, although each country has different rules that may vary over time. Added letters are shown below for the United States, France and Switzerland.
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National Collector's Mint, Inc. is a Westchester County New York based company that sells privately produced coins, tokens, commemoratives, and collectibles, as well as anti-aging skin products through the BioLogic brand.