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The US Mint was created by Congress with the Coinage Act on April 2, 1792, within the Department of State, located in Philadelphia. It was the first building of the federation raised under the Constitution. Its first director was the scientist David Rittenhouse. Henry Voight was the first Superintendent and Chief Coiner, and is credited with some of the very first coin designs. Another important position at the mint is that of Chief Engraver, which has been held by such men as Frank Gasparro , William Barber , Charles E. Barber , James B. Longacre, Christian Gobrecht and Anthony C. Paquet , among others. George T. Morgan was also an engraver at the mint responsible for designing an important silver dollar. The Mint was made an independent agency in 1799, and under the Coinage Act of 1873, became part of the Department of the TreasuryThe United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of Congress in 1789 to manage the revenue of the United States government. Overview It is administered by the United St. It was placed under the auspices of the Treasurer of the United StatesThe Treasurer of the United States is the only position within the United States Department of the Treasury older than the Department itself. It was established on September 6, 1777. The Treasurer was originally charged with the receipt and custody of gov in 1981Events January-February January Sarawak Chamber found January 1 Greece enters the EEC January 1 Palau becomes self-governing January 4 Sheffield police arrests Peter Sutcliffe, the Yorkshire Ripper January 16 Protestant gunmen shoot and wound Bernadette D.
With the mint, the US adopted the decimal coinage system. Before this, the accepted standard was the Spanish silver dollar with its fractional pieces of eight, but English pound, shilling and pence coins were also in use. Benjamin Franklin, Thomas Jefferson and Alexander Hamilton had all strongly argued for the adoption of the decimal system.
MintA mint is a facility which manufactures coins for currency. On the whole the history of mints correlates very closely with the history of coins. One difference is that the history of the mint is normally related in a fashion that more closely ties to the facilities are currently located in Philadelphia, DenverFor other cities named Denver see Denver (disambiguation). Denver is the largest city and capital of the state of Colorado, United States of America. It is the largest city along the Front Range and forms the heart of the Denver Metropolitan Area. The cit, San FranciscoFor other meanings, see San Francisco (disambiguation). Bay Bridge. In the distance is fog covering the western third of the city. Click for additional information The City and County of San Francisco (population 776,773), the fourth-largest city in the s, and West PointWest Point is a census-designated place and federal military base located in the Town of Highlands in Orange County, New York. As of the 2000 census, the area had a total population of 7,138. The United States Military Academy is located at West Point and. Other cities have hosted mint facilities in the past. The United States' gold bullion reserves are protected by the Mint at the West Point Bullion Depository and the Fort Knox Bullion Depository. The Mint manages extensive commercial marketing programs. The product line includes special coin sets for collectors, national medals, American Eagle Gold and Silver Bullion Coins, and commemorative coins marking national events such as the Bicentennial of the Constitution. The Mint's functions include:Note that the US Mint is not responsible for the production of paper money: that is the responsibility of the Bureau of Engraving and Printing.
In 2000, the U.S. Mint was responsible for the production of 28 billion coins. See United States coinage.