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Us Government Mint

As you probably already know a mint is a facility which manufactures coins for currency. In the United States , the US Government Mint facilities are responsible for creating enough amounts of currency to be used by the population. There are of course multiple facilities located in the country. The main facilities are located in Philadelphia , Pennsylvania , New York and other places. They are all responsible for maintaining a stable economy.

The US government mint performs other tasks besides distributing money in both paper and coin form to the various businesses, stores and public to use. The US government mint is also responsible for making sure that when a coin or paper currency needs to be re-issued that there are stringent security features placed on this currency. You will find that the US government mint is also responsible for bringing in old money that congress has recalled.

Usually the government will issue a recall for money only if there are problems that are occurring for reasons that have not been made clear. At other times it will be very necessary for the US government mint to re-issue certain amounts of money denominations.

Another aspect is the quantity of gold and silver distributed as coins. The US government mint need to make sure it as a good hold on it. There is one type of coin that you can find in gold and silver and these are the American eagle group of coins. You can only get them through authorized coin dealers by the US government mint.

This facility is highly guarded and is accessible by authorized people only. It is important for this facility (value of $100 billion) to be under protection because the government sometimes rely on its reserve of gold and silver. The US government mint is the legal issuer of all the money printed in America .

We have all heard of Fort Knox ! It is one of the other facilities under the control of the US government Mint. As you probably know Fort Knox is known to be one of the most secure places on earth. As such we could say that the US government Mint is also the keeper of the nation's economic wealth.

For those of you who are interested in the role the US government mint has played in our history you may want to look at their official website. This web site will have many links that you can access to see the various functions that the US government mint performs everyday and how they help the country to develop itself even more.