12/7/2023 0 Comments Denver mint tour![]() English currency was limited and, to many, no good in the faraway colony, and bartering and trading was becoming more complicated as the colony grew. Hull’s merchant connections, silversmithing skill and contacts around the world put him in a good position to solve one of the colony’s growing issues: the scarcity of currency. One of the first graduates of the Boston Latin School and, therefore, one of the first scholars to graduate from the oldest public school in the country, was John Hull, a silversmith and merchant based in Boston. The first mint in the United States predates the nation itself, dating back as early as 1652 to the Massachusetts Bay Colony in Boston, just a few decades after the colony was established. Mint starts nearly as early as the post-colonial United States itself. We’ve come a long way from bartering with goods and paying with seashells, and the history of the U.S. Mint is working harder than ever to keep up with the growing population! In 2020, the mint produced over 14.7 billion coins valued at over $1.1 trillion. The mint does create all the national commemorative medals and congressional gold medals, as well as any special coinage.Īlthough we don’t use small change as often as we used to, thanks to advances in virtual banking, the U.S. Mint does not print any of the paper bills we use, as that’s the job of the Bureau of Engraving and Printing. It’s also in charge of the gold, silver and other bullion in the country (looking at you, Fort Knox!).Ĭontrary to popular belief, the U.S. The United States Mint is responsible for creating the coinage we use for commerce, trade and certain commemorations. What does the Denver Mint do? What is the U.S. Here’s all you need to know about the United States Mint and, of course, our beloved Denver Mint. The Denver Mint is the largest coin producer in the world, but what exactly does it do? And how did it come to be?
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