The US Mint first opened its doors in 1792 in Philadelphia with the passage of the Coinage Act. This act allowed the United States Mint to produce and distribute legal coinage. As the United States expanded, so did the need for more coinage. Branch mints began to open up around the country. Today, there are operating mints in Philadelphia, San Francisco, Denver, and West Point. The US Mint also has a bullion depository in Fort Knox, Kentucky, and headquarters in Washington DC. Form more information on the specific US mints, checkout our introduction the the US Mint.
The US Mint produced gold coins that were used in circulation up until 1933. The Gold Reserve Act of 1934 removed most gold bullion from circulation and made it illegal to own a large amount of gold bullion. Silver was removed from dimes and quarters in 1965, and removed from half dollars in 1971 which made United States coinage entirely fiat. Today, the US Mint produces base metal coins for circulation along with precious metal collectible coins. The precious metal coins produced by the United States Mint today have a face value, but are not meant for circulation.
US bullion coins are some of the most collected bullion products in the world. The US Mint’s most recognized program is the American Eagle program. Eagles are produced in gold, silver, platinum, and palladium, offering products for every type of investor. Look through our large selection of US Mint products here.