The United States Mint Celebrates 230th Anniversary

WASHINGTON – Today, the United States Mint celebrates its 230th anniversary. The Mint is one of the few Federal agencies whose duties are specifically referenced in the Constitution, with Article I, Section 8 establishing that “The Congress shall have the power . . . To coin money.” The current United States Mint was created by the Coinage Act of 1792, passed by the United States Congress and signed into law by President Washington on April 2, 1792. That first Coinage Act established the silver dollar as the nation’s unit of money and authorized the first national mint in the United States.

“Throughout our 230-year history, the men and women who comprise our workforce have taken great pride in rendering the story of our Nation in enduring examples of numismatic art,” said Mint Deputy Director Ventris C. Gibson. “Every coin manufactured by the Mint is the result of combined efforts of artists, engineers, production workers, and support staff who team up to transform an idea into a design, and then bring that design to life on a miniature canvas. I am proud to lead this organization that, since 1792, has connected America through coins.”

During the Colonial Period, monetary transactions were handled using foreign or colonial currency, livestock, or produce. After the Revolutionary War, the U.S. was initially governed by the Articles of Confederation, which authorized states to mint their own coins. In 1788, the Constitution was ratified by a majority of states, and discussions soon began about the need for a national mint. Congress chose Philadelphia, which was then the nation’s capital, as the site of our first Mint. President George Washington appointed a leading scientist, David Rittenhouse, as the first director. Rittenhouse bought two lots at 7th and Arch Streets to build a three-story facility, the tallest building in Philadelphia at the time. It was the first Federal building erected under the Constitution.

Coin production began immediately. That same Coinage Act specified the following coin denominations: a copper cent and half cent; a silver dollar, half dollar, quarter, dime, and half dime; and a gold eagle ($10), half eagle ($5), and quarter eagle ($2.50). In March 1793, the Mint delivered its first circulating coins – 11,178 copper cents. In 1795, the Mint became the first Federal agency to employ women when Sarah Waldrake and Rachael Summers were hired as adjusters. Learn more about the Mint’s history here.

Today, the Mint enables America’s economic growth and stability by protecting assets entrusted to us, manufacturing coins to facilitate national commerce, and producing and selling coins and medals to the public as numismatic items. The Mint is the world’s largest coin manufacturer. In calendar year 2021, the Mint produced more than 14 billion circulating coins. Since Fiscal Year (FY) 1996, the Mint has operated under a revolving Public Enterprise Fund (PEF) (31 U.S.C. § 5136), which enables the Mint to operate without an annual appropriation. The Mint generates revenue through the sale of circulating coins to the Federal Reserve Banks (FRB), numismatic products to the public, and bullion coins to authorized purchasers. Revenue in excess of amounts required to operate the Mint is transferred to the United States Treasury (Treasury) General Fund.

The Mint operates six facilities and employs approximately 1,600 employees across the United States. Each unique facility performs functions critical to our overall operations. Manufacturing facilities in Philadelphia and Denver produce coins of all denominations for circulation. Both facilities also produce dies for striking coins. All sculpting and engraving of coin and medal designs is performed at the Philadelphia Mint facility. Production of numismatic products, including bullion coins, is primarily performed at facilities in San Francisco and West Point. All four production facilities produce commemorative coins as authorized by public laws. The United States Bullion Depository at Fort Knox stores and safeguards United States gold bullion reserves. Administrative and oversight functions are performed at the Mint Headquarters in Washington, D.C.

Using Coins to Study the Context of Ancient History

Kenneth Bressett’s newest book, Bible Lore and the Eternal Flame, debuted at the American Numismatic Association’s National Money Show in Colorado Springs, March 10, 2022. Now the 224-page hardcover volume is available from bookstores and hobby shops nationwide, and online (including at Whitman.com). Here, Bressett discusses the book and his interest in numismatics as a sub-discipline of archaeology.

Numismatics is a study of currency that includes coins, tokens, paper money, and various other related objects. It is a subject that is of interest to coin collectors, researchers, students, and merchants, but in its purest form is a sub-discipline of archaeology similar to the investigation of materials related to commerce, including such things as pottery, jewelry, beads, metals, and barter items used by past civilizations. Studying these items has become a new source of interest and information for coin collectors who want to better understand how their treasured specimens relate to the economy and historical context of many diverse nations.

The instructive aspects of numismatics have intrigued me since 1937, when I first became aware of its potential as a teaching tool for better understanding of world history, art, and geography. Throughout the years I have researched and studied coins and trade items from various regions and time periods to provide evidence of their relation to historical events. A favorite area of examination has been linking ancient coinages to the people and events recorded in the Bible. In this endeavor, it is frequently possible to identify specific coins that are mentioned in Bible passages and better understand the meaning of those passages and their connections to actual usage of ancient forms of currency.

Traditional Biblical archaeology generally involves the study and history of Jewish and Christian peoples as recorded in the Old and New Testament and related contemporary references, such as the works of historian Flavius Josephus and the Dead Sea scrolls. Classical archaeology includes a broader consideration of the ancient world, including the Mediterranean cultures of Greece, Rome, the Mycenaeans, and Minoans. Together, they explore the ever-fascinating world of antiquity.

The use of barter and trade items, as well as coins, after the eighth century B.C. was common to many cultures, and examples of such items still exist in museums and collections to confirm, and sometimes better explain, the authenticity of ancient history. Few resources are more detailed than the accounts found in sacred writings, and thus studying the Bible accounts of coins and money is a rewarding source of information and enjoyment for many coin enthusiasts. Most collectors refer to this special interest as “Coins of the Bible,” or sometimes, “Money of the Bible.”

A typical example of how the study of coins can aid in establishing the validity of their use in ancient times can be found in the account of the coin found in the fish’s mouth (Matthew 17:24–27). This is the story of how Jesus told his disciple Peter to cast a line into the water and retrieve a fish that would contain a coin sufficient in value to pay the required temple tax for both of them.

The customary tax was used for temple repairs and other religious purposes, and it was required to be paid by all Jews wherever they lived throughout the ancient world. The annual tax was one-half shekel for every man over the age of 20 (Exodus 30:13–15).

The exact value, timing, and place of this event establishes precisely the kind of coin that must have been involved. By Jewish convention, it distinctly had to be a tetradrachm, called a shekel, from the neighboring city of Tyre. Such coins are still extant today and are regularly seen in museum exhibits, collections, and the coin trade.

In Bible Lore and the Eternal Flame, in my discussion of this and similar events, there is no attempt to confirm or dispute any of the religious writings or teachings recorded in Bible passages. For many readers, these are a matter of faith or interpretation. Evidence can be provided by coins and other artifacts to establish certain facts, but these are not especially helpful for confirming traditional stories, parables, or beliefs that have been passed down through generations of faithful believers, until being recorded by learned people sometimes centuries after the actual events. Knowing that genuine artifacts still exist provides a gateway to strengthening one’s faith and provides a tangible connection to the past that can only be experienced through studying or actually seeing some of these interesting items. They are the closest thing to “time travel” that one can ever experience.

When my family was young, in the early 1960s, I sought to demonstrate the use of ancient artifacts by showing how people lived in biblical times. A favorite discussion centered on the traditional Seder meal, and the similar Last Supper of Jesus. That always brought up the subject of the elusive Holy Grail, and its meaning. To establish that ordinary drinking cups and plates were used then as now, I showed my children examples of terracotta pieces that were used by common people at that time and place.

Stories about the cup are omnipresent, as are numerous assertions about which is the original. Logically, the claims cannot all be true. Yet, it is possible to imagine the Grail based on the types of pottery and drinking vessels common at that precise time, place, and culture, giving us a fuller understanding of what everyday life was like centuries in the past.

There is no lack of information about such things. Learning about the past and people who lived centuries ago gives us a closer appreciation of how their efforts have impacted our lives. Hopefully, Bible Lore’s brief glimpse of my personal interest in numismatics and archaeology will inspire you to dig deeper into the things you find of interest in world history, the daily lives of people past, and the Bible.

Bible Lore and the Eternal Flame.
By Kenneth Bressett; foreword by David Hendin.
ISBN 0794849768. Hardcover, 6 x 9 inches, 224 pages, full color.
Retail $24.95 U.S.
https://whitman.com/bible-lore-and-the-eternal-flame/

U.S. Mint Encourages the Public to Get Coins Moving

U.S. MintWASHINGTON – The United States Mint (Mint) is asking the public to help get coins moving by using exact change when making purchases or turning them in for cash at coin recycling kiosks. You may also be able to redeem coins for cash at financial institutions, but first contact local branches about their coin redemption policies, as they may vary.

The Mint is making this request because coins are not circulating through the economy as quickly as they were prior to the COVID-19 pandemic. Cash transactions have decreased significantly since 2019, as more and more individuals have turned to performing their transactions electronically, which means that sometimes coins are not readily available where they are most needed. This is not a coin supply problem. It is a circulation problem.

There are many people who rely exclusively on cash and currency to pay for goods and services. There are also many businesses that rely on cash and currency for their day-to-day operations. These people and businesses feel a significant impact from the unavailability of coins.

As always, and especially during this challenging time, the Mint is committed to supporting our Nation’s economy and commerce through the production of circulating coinage.

Since the coin circulation problem first emerged in 2020, the Mint has asked for the public’s help in solving this problem, through communications from the Mint and as a member of the U.S. Coin Task Force. The Mint has issued press releases, distributed public service announcements, conducted social media campaigns, and amplified our content via the U.S. Coin Task Force website.

U.S. Mint Announces 2023 American Women Quarters™ Program Honorees

U.S. MintWASHINGTON – The United States Mint (Mint) is pleased to announce the following 2023 honorees for the American Women Quarters™ Program:

  • Bessie Coleman – pilot, advocate, and pioneer who flew to great heights as the first African American and first Native American woman pilot, as well as the first African American to earn an international pilot’s license.
  • Jovita Idár – Mexican American journalist, activist, teacher, and suffragist. She devoted her life to fighting against separatist ideologies and sought to create a better future for Mexican Americans.
  • Edith Kanakaʻole – indigenous Hawaiian composer, chanter, dancer, teacher, and entertainer. Her moʻolelo, or stories, served to rescue aspects of Hawaiian history, customs, and traditions that were disappearing due to the cultural bigotry of the time.
  • Eleanor Roosevelt – first lady, author, reformer, and leader. As chairperson of the Human Rights Commission where she oversaw the creation of the Universal Declaration of Human Rights, and as the first chair of the U.N. Commission on Human Rights, she advocated diligently for the civil liberties and needs of the poor, minorities, and the disadvantaged.
  • Maria Tallchief – America’s first prima ballerina, she broke barriers as a Native American ballerina who exhibited strength and resilience both on and off the stage.

“The range of accomplishments and experiences of these extraordinary women speak to the contributions women have always made in the history of our country,” said Mint Deputy Director Ventris C. Gibson. “I am proud that the Mint continues to connect America through coins by honoring these pioneering women and their groundbreaking contributions to our society.”

Authorized by Public Law 116-330—the Circulating Collectible Coin Redesign Act of 2020—the American Women Quarters Program features coins with reverse (tails) designs emblematic of the accomplishments and contributions of prominent American women. Contributions come from a wide spectrum of fields including, but not limited to, suffrage, civil rights, abolition, government, humanities, science, space, and the arts. The women honored come from ethnically, racially, and geographically diverse backgrounds. As required by the public law, no living person will be featured in the coin designs, and thus all the women honored must be deceased. The Mint is issuing five coins with different reverse designs annually over the four-year period from 2022 through 2025.

The obverse (heads) depicts a portrait of George Washington originally composed and sculpted by Laura Gardin Fraser to mark George Washington’s 200th birthday.  Though her work was a recommended design for the 1932 quarter, then-Treasury Secretary Mellon ultimately selected the now-familiar John Flanagan design.

The obverse design is common to all quarters issued in the series. Inscriptions are be “LIBERTY,” “IN GOD WE TRUST,” and “2023.”

As stipulated by the public law, the Secretary of the Treasury selects the women to be honored following consultation with the Smithsonian Institution’s American Women’s History Initiative, the National Women’s History Museum, and the Congressional Bipartisan Women’s Caucus.

Numismatic Products

Explore the first circulating and numismatic quarter program that exclusively honors the achievements of women. This inspiring collection demonstrates what can be possible with determination, perseverance, and the indomitable spirit of American women by visiting https://catalog.usmint.gov/coins/coin-programs/american-women-quarters-program/.

The Royal Mint unveils new Eeyore 50p as part of the Winnie the Pooh and Friends coin collection, inspired by Disney

The Royal Mint, inspired by Disney, has launched the latest 50p coin in the much-loved Winnie the Pooh and Friends coin collection, featuring Eeyore on an official UK 50p coin.

Also joining the adventure in 2022 are Kanga and Roo and a final gathering of Pooh and his closest friends from Hundred Acre Wood represented on a 50p, concluding the popular nine-coin collection.

In collaboration with Disney, the childhood character coin designs have been inspired by the original illustrations of E. H. Shepard from A. A. Milne’s Winnie-the-Pooh stories published in 1926.

Combining traditional craftsmanship and innovation, the classic watercolour effect of the original 1926 manuscript has been remastered with colour printing across the special-edition silver and BU coins.

The new characters follow Winnie the Pooh, Owl, Tigger, Christopher Robin and Piglet, who have each been miniaturised on a 50p since the Winnie the Pooh and Friends coins first launched in 2020.

Designed by The Royal Mint designer Daniel Thorne, the timeless characters have been brought to life in miniature on a gold, silver colour edition and brilliant uncirculated, also available with colour printing.

Adding an original twist, Thorne’s signature bee motif continues to feature alongside the classic design across the 2022 coins, as well as the entire Winnie the Pooh and Friends range.

The latest Eeyore design is available individually from today at The Royal Mint website. Collectors can also sign up to purchase the three 2022 Winnie the Pooh and Friends coins or the nine-coin collection.

Clare Maclennan, Director of Commemorative Coin at The Royal Mint, said: “The Winnie the Pooh and Friends collection, inspired by Disney, has proved popular with coin collectors of all ages, and continues to appeal to new and younger collectors wanting to celebrate their favourite characters with a collectable 50p. In the latest instalment of the timeless Winnie the Pooh range, we are delighted to reveal that Eeyore will be joining the fun in 2022.

“Inspired by the original illustrations from the classic A. A. Milne Winnie-the-Pooh publication, the new Eeyore design showcases the creativity, craftsmanship and innovation of The Royal Mint’s design team – with the added charm of the special-colour-edition coins, which capture the original watercolour illustrations of E. H. Shepard, in a fitting tribute to the much-loved adventures.”

Speaking of the design, The Royal Mint’s designer Dan Thorne said: “Using inspiration from the original decorations of E.H. Shepard has been a fantastic experience but one that has also tested me as a designer. With each design, so much care and attention has been given to remastering the iconic decorations for the canvas of a coin while staying true to the texts people know and love.

“I also wanted to add something extra special for collectors, with the bee motif. Inspired by the original decorations the buzzy bee from the storybooks features on each of the nine coins in the collection. I hope collectors can appreciate the beauty in each design in the range and enjoy the special colour editions.”

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