Carrs Coins Rocks and Treasures

The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The main Mint facility is located in Washington, D.C., and branch facilities are located in Philadelphia, Pennsylvania; Denver, Colorado; San Francisco, California; and West Point, New York.

The Mint was created by Congress with the Coinage Act of 1792, and placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was located in Philadelphia, then the U.S. capital. It was the first building of the Republic raised under the Constitution.

The Mint's first director was renowned scientist David Rittenhouse. The position is currently held by Edmund C. Moy. Henry Voigt was the first Superintendent and Chief Coiner, and is credited with some of the first U.S. 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.

The Mint was made an independent agency in 1799, and under the Coinage Act of 1873, became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981.

The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the 1 troy oz denomination which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by the United States Congress and its weight and content is certified by the United States Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments. The United States Mint also produces a proof version for coin collectors. The Silver Eagle has been produced at three mints. One is the Philadelphia mint, and some of those issued there carry a "P" mintmark. In the early years of the series, the San Francisco mint issued proofs and these bear an "S". More recent proofs are from the mint at West Point, New York. The latter have a "W" on the reverse, as illustrated here.