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Historical United States Mints
The following is a list of United States mints, past and present: From 1965 to 1967 all U.S. coins were struck without mint marks. As it was clear from Gresham's law that the rising cost of silver (and the ensuing removal of most silver from coinage in 1965) led to hoarding or even melting of silver-based pre-1965 coins, overzealous collection of specific mint marks of those years by numismatist A numismatist is a specialist in numismatics ("of coins"; from Late Latin ''numismatis'', genitive of ''numisma''). Numismatists include collectors, specialist dealers, and scholars who use coins and other currency in object-based research. Altho ...s almost certainly would have exacerbated those shortages. Pioneer coinage, tokens, private issue coins and paper money do not have official mint marks. See also {{Portal, Money * The Dalles Mint External linksU.S. Mint facilities Economic history of the United States United States Mint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Mint
The Philadelphia Mint in Philadelphia was created from the need to establish a national identity and the needs of commerce in the United States. This led the Founding Fathers of the United States to make an establishment of a continental national mint, a main priority after the ratification of the Constitution of the United States. The Coinage Act of 1792 was entered into law on April 2. It proclaimed the creation of the United States Mint. Philadelphia at that time was the nation's capital; therefore the first mint facility was built there. The Coinage Act of 1792 also instituted a decimal system based on a dollar unit; specified weights, metallic composition and fineness; and required each United States coin feature "an impression emblematic of liberty". History First building (1792–1833) David Rittenhouse, an American scientist, was appointed the first director of the mint by President George Washington. Two lots were purchased by Rittenhouse on July 18, 1792, at Sevent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proof Coins
Proof coinage refers to special early samples of a coin issue, historically made for checking the dies (as in demonstrating that something is true) and for archival purposes. Nowadays proofs are often struck in greater numbers specially for coin collectors (numismatists). Nearly all countries have issued proof coinage. Preparation of a proof striking usually involved polishing of the dies. They can usually be distinguished from normal circulation coins by their sharper rims and design, as well as much smoother "fields" – the blank areas not part of the coin's design. The dies for making modern proof coins are often treated with chemicals to make certain parts of the design take on a frosted appearance, with the polished fields taking on a mirror finish. Several other methods have been used in the past to achieve this effect, including sand blasting the dies, and matte proofs. Proof coins of the early 19th century even appear to be scratched, but it was part of the production ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Dalles Mint
The Dalles Mint was to be a branch of the United States Mint in The Dalles in Oregon. Partially constructed in 1869, the planned two-story structure was never completed and the mint was never put into operation. Located in the downtown area of the city, the building was given to the state before it was sold to the public. The Mint building was most recently home to the Erin Glenn Winery. History In 1860, gold was discovered in Idaho, and this along with a gold rush in Eastern Oregon created a need for a mint in the Pacific Northwest.Corning, Howard M. (1989) ''Dictionary of Oregon History''. Binfords & Mort Publishing. p. 167. Although the American Civil War was underway, 80,000 prospectors headed for the gold fields in 1862. Raw gold dust was used as currency in The Dalles because gold had to be shipped to the San Francisco Mint for processing. Demand grew for a mint closer to the mines. Oregon U.S. Senator James W. Nesmith introduced an unsuccessful bill in 1862 to create a mint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Numismatist
A numismatist is a specialist in numismatics ("of coins"; from Late Latin ''numismatis'', genitive of ''numisma''). Numismatists include collectors, specialist dealers, and scholars who use coins and other currency in object-based research. Although use of the term numismatics was first recorded in English in 1799, people had been collecting and studying coins long before this, all over the world. The first group chiefly derives pleasure from the simple ownership of monetary devices and studying these coins as private amateur scholars. In the classical field amateur collector studies have achieved quite remarkable progress in the field. Examples are Walter Breen, a well-known example of a noted numismatist who was not an avid collector, and King Farouk I of Egypt was an avid collector who had very little interest in numismatics. Harry Bass by comparison was a noted collector who was also a numismatist. The second group are the coin dealers. Often called professional numismatist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gresham's Law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China. "Good money" and "bad money" Under Gresham's Law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, nickel, or copper). In the absence of legal-tende ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental United States
The contiguous United States (officially the conterminous United States) consists of the 48 adjoining U.S. states and the Federal District of the United States of America. The term excludes the only two non-contiguous states, Alaska and Hawaii (also the last ones admitted to the Union), and all other offshore insular areas, such as American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands. The colloquial term "Lower48" is used also, especially in relation to just Alaska (Hawaii is farther south). The related but distinct term continental United States includes Alaska (which is also on the continent of North America but separated from the 48 states by British Columbia and Yukon of Canada), but excludes the Hawaiian Islands and all U.S. territories in the Caribbean and the Pacific. The greatest distance (on a great-circle route) entirely within the contiguous U.S. is 2,802 miles (4,509 km), between Florida and the State of Washington; th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manila Mint
The Manila Mint ( es, Real Casa de la Moneda y Timbre de Manila) was a coinage mint that briefly served as a branch of the United States Mint, located in Manila, now the capital city of the Philippines. History Spanish facility Originally constructed from 1857 through 1861 under the auspices of the Spanish government, the "Casa de Moneda" (as it was called then) began issuing gold coinage in the denominations of one, two, and four Pesos in 1861. On March 5, 1862, permission was also granted to coin silver coinage, which began in 1864 for the ten and twenty Centavo denominations, and 1865 for fifty Centavos. The coins all bore the image of the then-reigning Spanish Monarch, Queen Isabel II. In 1868, Isabel was deposed, but the mint continued to issue coinage in all six denominations until 1873, all dated 1868 and indistinguishable from those minted in 1868. In 1880 under the auspices of then-current Spanish King Alphonse XII, coinage production resumed, this time with the King' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Point Mint
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. the mint holds 22% of the United States' gold reserves, or approximately 54 million ounces (over $100 billion USD ). The mint at West Point is second only to the gold reserves held in secure storage at Fort Knox. Originally, the West Point Mint was called the West Point Bullion Depository. At one point it had the highest concentration of silver of any U.S. mint facility, and for 12 years produced circulating Lincoln cents. It has since minted mostly commemorative coins and stored gold. It gained official status as a branch of the United States Mint on March 31, 1988. Later that year it was listed on the National Register of Historic Places. Building Prior to its 2005 remodel that added a second story, the mint was a one-story reinforced concrete structure with a flat roof. The walls are mostly featureless with some reces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denver Mint
The Denver Mint is a branch of the United States Mint that struck its first coins on February 1, 1906. The mint is still operating and producing coins for circulation, as well as mint sets and commemorative coins. Coins produced at the Denver Mint bear a D mint mark (as did the Dahlonega Mint, which closed before the Denver branch opened). The Denver Mint is the single largest producer of coins in the world. History Clark, Gruber & Co. The predecessors of the Denver Mint were the men of Clark, Gruber and Company. During the Pikes Peak Gold Rush, they coined gold dust brought from the gold fields by the miners. In 1858, Austin M. Clark, Milton E. Clark and Emanuel Henry Gruber founded a brokerage firm in Leavenworth, Kansas, and then established an office in Denver at the beginning of the Colorado Gold Rush. Desiring to save on shipping and insurance costs associated with shipping gold back east, the firm opened a private mint. On 25 July 1860, the mint opened in a two-story ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Francisco Mint
The San Francisco Mint is a branch of the United States Mint. Opened in 1854 to serve the gold mines of the California Gold Rush, in twenty years its operations exceeded the capacity of the first building. It moved into a new one in 1874, now known as the Old San Francisco Mint. In 1937 Mint operations moved into a third building, the current one, completed that year. History Original United States Mint and Subtreasury (1854) The San Francisco Mint began operations in 1854 at 608 Commercial Street, just west of Montgomery Street. The building sat between Commercial and Clay Streets and a historical plaque can be found today on Commercial. Since June 14, 1970, the building has been listed as a San Francisco Designated Landmark. Within the first year of its operation, the San Francisco mint turned $4 million in gold bullion into coins. Because of the scale of its increase in operations due to economic growth, a new building was soon required. Construction of the new loca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penny (U
A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny ( p) and the ''de facto'' name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). It is the informal name of the cent unit of account in Canada, although one-cent coins are no longer minted there. The name is used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carson City Mint
The Carson City Mint was a branch of the United States Mint in Carson City, Nevada. It primarily minted silver coins; however, it also minted gold coins, with a total face value in dollars nearly equal to that of its silver coins. The mint minted coins in 21 different years. The Carson City Mint was created in 1863 but was not put into operation until 1870. It ran until 1885, went on a hiatus, and resumed operations in 1889, after which it ran until 1893, when it closed permanently. It is now the Nevada State Museum, Carson City. History Built at the peak of the silver boom conveniently near a local silver mine, 50 issues of silver coins and 57 issues of gold coins minted here between 1870 and 1893 bore the "CC" mint mark. The mint was established in Carson City to facilitate minting of silver coins from silver in the Comstock Lode, much as the San Francisco Mint was established to facilitate minting gold coins from the gold of the California gold rush. From 1895 to 1933, the buil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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