The Start of a Courageous Era
During one of the most fascinating periods in American history, the 1790’s were witness to much of the struggle and triumph of our young country. Within this short time period: George Washington gave the first State of the Union address, the Supreme Court convened for the first time, the first U.S. Patent was issued, the United States Post Office was created, the New York Stock Exchange was launched…and Congress authorized the very first United States Mint Facility to be built in Philadelphia. More than 200 years later, the United States Mint has now joined the ranks of some of the most influential people, places and events that have helped form the fabric of our country’s rich and colorful history.
A Modern Legacy of National Coinage
Today, as an integral building block of our great Republic, the United States Mint is recognized as a national icon, with a total of six facilities all across America—Washington, D.C.; Philadelphia, PA; West Point, NY, Denver, CO; San Francisco, CA; and the United States Bullion Depository at Fort Knox, KY. Each one of these facilities perform a variety of functions, but nearly all modern U.S. government-issued silver, gold and platinum coins are minted at the West Point Military Academy in New York.
Enthusiastically recognized for their enormous historical appeal, silver, gold and platinum coins from the United States Mint bear some of the most evocative and cherished designs ever struck on a nation’s currency. Employing the intricately-crafted designs from among America's most accomplished engravers, U.S. government-issued silver, gold and platinum coins feature luminaries such as Martha Washington, Lakota Chief Iron Tail and President John F. Kennedy, as well as national icons like the Library of Congress, the American Bison and the Statue of Liberty. To this day, when you hold one of these legendary coins from the United States Mint in your very own hand, you are holding a symbol of our shared history, a symbol of our American ideals, and a symbol of what it truly means to be a citizen of the United States.
I am proud of our heritage, grateful for our liberty, and confident in our gold.
Philip N. Diehl, President of U.S. Money Reserve and 35th Director of the U.S. Mint
The 35th United States Mint Director, Philip N. Diehl
A Unique Perspective from the former U.S. Mint Director, Philip N. Diehl
One who embodies these tenets of American exceptionalism is none other than the 35th Director of the United States Mint, Philip N. Diehl. In an interview with the U.S. Gold Report, he remarked on the extraordinary impact of the United States Mint by saying, "I believe the Mint's role in our nation's history is best captured in a celebrated photograph I recently saw of the San Francisco Mint, one of the few buildings to survive the 1906 earthquake and fire. In peacetime and war, good times and hard times, the United States Mint has remained a bulwark of our democracy and economy. I am honored to have played a role in this enduring legacy...and I am proud of our heritage, grateful for our liberty, and confident in our gold.”
Philip Diehl also spoke to the historic independence and physical reminder of our freedoms protected through the ownership of precious metals. As he later stated in the same interview, “...the gold, silver, and platinum coins of the United States Mint bear the legacy of a simple but compelling idea—that We The People are capable of governing ourselves.”
Own your piece of American history
With the 35th U.S. Mint Director Philip Diehl serving as the President of our company, U.S. Money Reserve is proud to be one of the largest distributors of precious metals produced by the United States Mint. As a valued client, you can purchase these U.S. government-issued coins with the confidence of knowing that each coin is guaranteed for its weight, content and purity by the U.S. government. In addition, all U.S. Mint products we offer are authorized by Congress and are produced with an official U.S. dollar denomination—making them United States legal tender. If you’re ready to move your hard-earned money into the hard asset of silver, gold and platinum coins from the United States Mint, give us a call for your FREE one-on-one consultation to get started today.
UNITED STATES MINT FACILITIES
The West Point branch is the newest mint facility, gaining official status as an official branch of the U.S. Mint in 1988. Its predecessor, the West Point Bullion Depository, was opened in 1937, and cents were produced there from 1973 to 1986. Along with these, which were identical to those produced at Philadelphia, West Point has struck a great deal of commemorative and proof coinage bearing the W mint mark. In 1996, West Point produced clad dimes, but for collectors, not for circulation. The West Point facility is still used for storage of part of the United States' gold bullion reserves, and West Point is now the United States' production facility for gold, silver and platinum American Eagle coins.
The Mint's largest facility is the Philadelphia Mint. The current facility at Philadelphia, which opened in 1969, is the fourth Philadelphia Mint. The first was built in 1792, when Philadelphia was still the U.S. capital, and began operation in 1793. Until 1980, coins minted at Philadelphia bore no mint mark, with the exceptions of the Susan B. Anthony dollar and the wartime Jefferson nickel. In 1980, the P mint mark was added to all U.S. coinage except the cent. Until 1968, the Philadelphia Mint was responsible for nearly all official proof coinage. Philadelphia is also the site of master die production for U.S. coinage, and the engraving and design departments of the Mint are also located there.
The Denver branch began life in 1863 as the local assay office, just five years after gold was discovered in the area. By the turn of the century, the office was bringing in over $5 million in annual gold and silver deposits, and in 1906, the Mint opened its new Denver branch. Denver uses a D mint mark and strikes coinage only for circulation, although it did strike, along with three other mints, the $10 gold 1984 Los Angeles Olympic Commemorative. It also produces its own working dies, as well as working dies for the other mints. Although the Denver and Dahlonega mints used the same mint mark D, they were never in operation at the same time, so this is not a source of ambiguity.
The San Francisco branch, opened in 1854 to serve the goldfields of the California Gold Rush, uses an S mint mark. It quickly outgrew its first building and moved into a new facility in 1874. This building, one of the few that survived the great earthquake and fire of 1906, served until 1937, when the present facility was opened. It was closed in 1955, then reopened a decade later during the coin shortage of the mid-60s. In 1968, it took over most proof-coinage production from Philadelphia, and since 1975, it has been used solely for proof coinage, with the exception of the Anthony dollar and a portion of the mintage of cents in the early 1980s. (These cents are indistinguishable from those minted at Philadelphia.)