West Point Mint – Wikipedia

branch of the United States Mint
United States historic space
The West Point Mint is a U.S. Mint production and depository facility erected in 1937 near the U.S. Military Academy in West Point, New York, United States. As of 2019 the mint holds 22 % of the United States ‘ gold reserves, or approximately 54 million ounces [ 2 ] ( over $ 100 billion USD as of 2021 ). The mint at West Point is second only to the gold reserves held in secure storage at Fort Knox. originally, the West Point Mint was called the West Point Bullion Depository. [ 3 ] At one point it had the highest concentration of silver of any U.S. batch adeptness, [ 1 ] and for 12 years produced circulating Lincoln cents. It has since minted by and large commemorative coins and stored aureate. It gained official condition as a ramify of the United States Mint on March 31, 1988. Later that class it was listed on the National Register of Historic Places. [ 4 ]

construction [edit ]

prior to its 2005 remodel that added a second fib, [ 5 ] the mint was a 170-by-256-foot ( 52 by 78 m ) one-story reinforced concrete structure with a flat roof. The walls are largely featureless with some adjourn arches at the entryways. There are four turrets at the corners that are actively used in the building ‘s security. [ citation needed ] It is on a 4-acre ( 1.6 hour angle ) parcel of land near the northerly facilities of the United States Military Academy, with parking lots on either side. The home contains minting presses and bullion compartments. [ 1 ]

history [edit ]

As of 1937, it served as a storage facility for silver bullion and was thus nicknamed “ The Fort Knox of Silver. ” [ 3 ] even without United States Mint condition, it produced U.S. neologism. From 1974 [ 6 ] through 1986, the West Point Mint produced Lincoln cents bearing no mint mark, making them indistinguishable from those produced at the Philadelphia Mint. [ 4 ] The years 1977 to 1979 meet Washington quarters produced vitamin a well. [ 5 ] approximately 20 billion dollars ‘ worth of gold was stored in its vaults in the early 1980s ( although this was still importantly less than at Fort Knox ). September 1983 saw the first appearance of the “ W ” mint scar ( from this still unofficial U.S. Mint ) on a $ 10 gold coin commemorating the 1984 Los Angeles Olympic Games. [ 7 ] This was the beginning legal crank U.S. gold coin minted since 1933. In 1986, American Gold Eagle bullion coins were entirely produced at this facility, again, with no mint mark. The West Point Bullion Depository was granted mint status on March 31, 1988 ( Pub.L. 100–274 ). [ 8 ] Starting in 1999 american english Silver Eagle bullion coins were besides produced at the mint. In 2002, the U.S. Military Academy at West Point was honored for its two-hundredth anniversary, and a bicentennial commemorative eloquent dollar was issued and unveiled on March 16 of that class, featuring a cadet color guard on the obverse and the helmet of Pallas Athena on the inverse. The coin was produced merely at the West Point Mint. [ 9 ]

special West Point neologism [edit ]

An unusual neologism from West Point occurred in 1996, when a commemorative Roosevelt dime bag was produced for the fiftieth anniversary of the design. [ 10 ] Given as an cut-in with the standard mint sets sold that year, over 1.457 million were produced. therefore, although this “ W ” -mint-marked dime bag is not particularly barely, it was made only for collectors. In 2015 another “ W ” -mint-marked dime bag was issued along with a 2015-W dollar, these as contribution of a three-coin set to commemorate the March of Dimes. lone 75,000 sets were produced. [ 11 ] In 2014, a reverse-proof ash grey Kennedy Half Dollar which was part of a commemorative set, along with the 24K gold proof Kennedy Half Dollar were produced there to commemorate the fiftieth anniversary of the Kennedy Half Dollar design, again with the “ W ” mint score. [ 12 ] In 2015, the West Point Mint struck Sacagawea Dollars for the first time. [ 13 ] Released as part of a particular “ native american Coin and Currency Set ”, only 90,000 were produced.

The first cents to display the “ W ” mint scar were produced for collectors in 2019. These West Point Lincoln cents were added to traditional mint and proof sets and were minted in three unlike finishes. An uncirculated 2019-W cent was included with the uncirculated arrange, a proof 2019-W penny was included with the proof set, and a reverse-proof 2019-W penny was included with the argent proof set. There are no coinage limits for these sets and individual buyers are not limited in the quantities they are allowed to order. [ 14 ] On April 2, 2019 the United States Mint announced that 10 million quarters would be placed into circulation containing the “ W ” mint commemorate in an campaign to promote the hobby of coin collecting. Although quarters had been produced at the West Point Mint before, none of them included the “ W ” mint mark. These quarters are a character of the “ America the Beautiful ” quarters plan ; 2 million of each of the five national park quarters released in 2019 were scheduled to contain the “ W ” mint mark. [ 15 ] This was continued in 2020, with the 2020 coins including a particular “ V 75 ” privy scar commemorating the 75th anniversary of the goal of World War II. [ 16 ] On January 10, 2020, the United States Mint announced that each of the three annual sets released in 2020 would include a “ W ” -mint-marked Jefferson nickel, precisely as was done with the Lincoln Cents the previous class. A proof nickel was included with the dress proof set and a reverse-proof nickel with the ash grey proofread set. [ 17 ] Originally the uncirculated coin set up was to contain a 2020-W uncirculated nickel, but this plan was scrapped due to the ongoing mint dearth caused by the coronavirus pandemic. [ 18 ]

present [edit ]

nowadays [ when? ], all American Eagle series proof and uncirculated bullion coins in gold, argent, platinum, and palladium are produced at West Point, along with all gold commemorative and a few eloquent commemorative coins. Bullion and proof gold Eagles and some uncirculated and all proof silver Eagles, american samoa good as all commemoratives from West Point are struck with the “ W ” mint chump. Since 2006, the West Point Mint has besides made all American Buffalo gold bullion coins. The West Point Mint distillery acts as a gold bullion depository, and ash grey is kept on locate merely in quantities to meet mint demands. Due to the presence of so a lot aureate bullion on locate, security is high. The mint does not give public tours, and its address is withheld by the National Park Service in its National Register listings .

See besides [edit ]

References [edit ]

source : https://ontopwiki.com
Category : Finance

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