United States Mint
The United States Mint.
Created approximately 226 years ago, on April 2nd, 1792 as part of the Coinage Act of 1792, The United States Mint was established. The US Mint serves many functions but not limited to: production of bullion, domestic and foreign coins; production of commemorative coins that mark National events (ie. Bicentennial of the Constitution); Special Set coins; the regulation of the movement of bullion, as well as the design, production, and marketing of medals.
Included in the Coinage Act of 1792 the standing President of the United States of America, George Washington, was authorized to erect the country’s first Federal building under the Constitution, The United States Mint, located in Pennsylvania. Shortly after the creation of The US Mint, David Rittenhouse, of Pennsylvania, was appointed as the first Director of The US Mint garnering a yearly salary of $2,000 or roughly $166 per month.
The first coins struck were “half disme” or pronounced as “half deem”. These half dimes were struck in the cellar of a Pennsylvanian saw maker by the name of John Harper. Some of the coins are believed to be made of George and Martha Washington’s personal silverware. Of the recorded 1,500 coins minted only about 250 are still in existence.
Mints around the country.
Another mint was created 62 years after the Pennsylvania Mint had opened. The new mint would be located in San Francisco, CA to help serve the ongoing Gold Rush. Following the California based mint would be Denver, CO and West Point, NY, respectively. Each mint strikes their unique mint mark upon the coins issued. Pennsylvania bears the letter “P”, San Francisco strikes “S”, Denver embosses “D” and West Point punches a “W”.
"The U.S. Standard Crate, by Investor Crate."
From its inception, The US Mint has produced over 780,899,000,000 coins worth an approximate value of $49,774,254,188.71+. Here at Investor Crate, we provide a crate that embodies the vision of our country's sovereignty, The U.S. Standard Crate.
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