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The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. [1] The U.S. Mint is one of two U.S. agencies that manufactures physical money.
A mint is an industrial facility which manufactures coins that can be used as ... Dahlonega Mint (United States of America) Fábrica Nacional de Moneda y Timbre, Spain;
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 third Philadelphia Mint was built at 1700 Spring Garden Street and opened in 1901. It was designed by William Martin Aiken, Architect for the Treasury, but it was constructed under James Knox Taylor. In one year alone, the mint produced 501 million coins (5/7 of the U.S. currency minted), and 90 million coins for foreign countries. [3]
The current banks with headquarters in the city are Bank of America with $2.8 trillion in assets as of 2020 [54] and Truist Financial with $509 billion in assets as of 2020. [54] Both banks have their headquarters in Uptown, with Bank of America's headquarters at 100 North Tryon Bank of America Corporate Center [ 55 ] and Truist's headquarters ...
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 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).
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All gold coinage coming from this mint has a "C" mint mark to distinguish it from other sister mints then in operation. The Charlotte Mint issued over $5 million in gold coins over the course of nine years – 1849-55, 1857, and 1859. Coins produced in 1850, '52, '55, and '59 are considered rare or very rare. [3]