The United States Mint receives more than $1 billion in annual revenues. As a self-funded agency, the United States Mint turns revenues beyond its operating expenses over to the General Fund of the Treasury. It's purpose is to make, sell , and protect America’s coinage and assets.
The primary mission of the United States Mint is to produce an adequate volume of circulating coinage for the nation to conduct its trade and commerce. In recent history circulating coin production has varied between 11 billion and 20 billion coins annually. In addition to producing coins, the United States Mint has other responsibilities, including the following:
* Distributing U.S. coins to the Federal Reserve banks and branches.
* Maintaining physical custody and protection of the Nation's $100 billion of U.S. gold and silver assets.
* Producing proof, uncirculated, and commemorative coins, and medals for sale to the general public.
* Manufacturing and selling platinum, gold, and silver bullion coins.
* Overseeing of production facilities in Denver, Philadelphia, San Francisco and West Point, as well as the U.S. Bullion Depository at Fort Knox, Kentucky.
The United States Mint operates six facilities across the United States with each facility performing unique functions. Current facilities are located in: Washington, DC; Philadelphia, PA; West Point, NY; Fort Knox, KY; Denver, CO; and San Francisco, CA.
FYI
About Mutilated Currency
Mutilated currency are notes which are:
* NOT CLEARLY more than one-half of the original note and/or,
* in such condition that the value is questionable and special examination is required to determine its value.
* more than 50% of a note identifiable as United States currency is present; or,
* 50% or less of a note identifiable as United States currency is present, and the method of mutilation and supporting evidence demonstrates to the satisfaction of the Treasury that the missing portions have been totally destroyed.
What to do with your mutilated currency.
Mutilated currency may be mailed or personally delivered to the Bureau of Engraving and Printing. When mutilated currency is submitted, a letter should be included stating the estimated value of the currency and an explanation of how the currency became mutilated. Each case is carefully examined by an experienced mutilated currency examiner. The amount of time needed to process each case varies with its complexity and the case workload of the examiner.
The Director of the Bureau of Engraving and Printing has the final authority for the settlement of mutilated currency claims.
Although Treasury examiners are usually able to determine the amount and value of mutilated currency, careful packaging is essential to prevent additional damage.
Bills should be sent to;
Department of the Treasury
Bureau of Engraving and Printing
Office of Compliance
Mutilated Currency Division
P. O. Box 37048
Washington, D. C. 20013
Coins should be sent to the following address for evaluation: Superintendent
U. S. Mint
Post Office Box 400
Philadelphia, PA. 19105
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