Coin Production

When the U.S. Mint first opened in 1793, coin production was a very physical, slow, and imprecise process. The first Mint in Philadelphia consisted of a three-story brick building along with a series of smaller buildings housing crude horse and man powered machinery. The Mint lacked experience designing and engraving coins, and coin production got off to a slow start.

The Coinage Act of 1792 authorized the Mint to produce copper, silver, and gold coins for circulation. The Act specified that the government must buy the copper needed to coin half cents and cents (as raw material or as blank coins already the appropriate size for coining), but that silver and gold should be provided by depositors such as banks and individuals. The silver and gold provided were either in the form of foreign coins or bullion that the Mint melted down and refined to the appropriate fineness for coining (see Changes to Coin Composition).

Below is a gallery with images illustrating the basics of 18th century coin production. The drawings are from An Essay on Coinage by Samuel Thompson. Although this was published in Ireland in 1783, the Mint used similar methods and machinery. Screw presses fitted with a lower and upper die were used to stamp the coin designs. They were operated by one to three men, depending on the size of the press. Smaller screw presses operated by one man were also used as cutting presses.

In March of 1793 the Mint delivered its first circulating coins: 11,178 copper cents. Silver coin production started the following year and gold coinage began in 1795. Coining was slow; it’s possible that each press could only produce a couple dozen coins a minute. The Mint couldn’t produce the quantities of coins needed for circulation. Congress allowed certain foreign coins, in circulation since the colonial days, to continue as legal tender.

The Switch to Steam Power

The 19th century ushered in the use of steam power and big changes in coin production. Rollers and cutting presses were the first machines powered by a steam engine. Then in 1833, the Mint sent Franklin Peale to Europe to travel to other mints and observe their processes. He brought back many ideas for advancements to the Mint and its equipment. Two years after Peale returned, the Mint built steam-powered coining presses modeled after those used in Europe. They were operated by just one person that dropped blank coins down a tube to feed into the press. Coin production became a lot less labor-intensive, opening up many jobs to women.

The new presses dramatically increased production numbers, with each press capable of making around 100 coins per minute. That, combined with the opening of other branch Mints, brought coinage to the levels needed for the country’s circulation. In 1857 Congress passed a law to ban all foreign coins from circulation.

When branch Mints opened in Charlotte, Dahlonega, and New Orleans in 1838, there became a need for mint marks to distinguish the coins. All the branch Mints used mint marks, but Philadelphia – as the original Mint – did not. It wasn’t until 1942 that Philadelphia’s “P” mint mark appeared briefly for the first time on the nickel. Since 1980 all of Philadelphia’s coins, except the cent, receive the “P” mint mark.

Mint Branch Mint Mark Years Mark Used
Carson City (NV) CC 1870-1893
Charlotte (NC) C 1838-1861
Dahlonega (GA) D 1838-1861
Denver (CO) D 1906-Present
New Orleans (LA) O 1838-1861, 1879-1909
Philadelphia (PA) P 1942-45, 1979-Present
San Francisco (CA) S 1854-1955, 1968-Present
West Point (NY) W 1984-Present

Electricity and the Modern Age

In 1901 the third Philadelphia Mint facility opened with new, upgraded equipment. Electricity replaced steam to power all aspects of coin production. Throughout the 20th century, advances in machinery led to further increases in coin production numbers. Today, the Mint follows the same basic process as it did 200 years ago, but with computer-controlled machines working at unbelievable speeds. One coin press produces 720 coins per minute, which means that the Philadelphia Mint produces 46,800 coins per minute if all of its 65 presses are operational.

Watch the video below for a tour of coin production at the Philadelphia Mint.

Changes to Coin Composition

U.S. circulating coins composition for the penny, nickel, dime, quarter, half dollar, and dollar from 1793 to present
A simplified timeline of the changes in composition of copper and silver circulating coins. (Click to expand.)

Copper coins, such as the penny, started as pure copper, but rising copper prices led to changes in composition. In 1857, nickel was added to the copper, only to be switched out for tin and zinc in 1864. For the year 1943, pennies became zinc-coated steel because copper was needed during World War II. But a limited number of copper pennies were struck. Read more about this rare penny in “What’s So Special about the 1943 Copper Penny.” In 1962 tin was eliminated, and in 1982 the penny became primarily zinc with only 2.5% copper.

Silver coins, such as the five-cent coin (half dime and nickel), dime, quarter, half dollar, and dollar, originally consisted of a fineness of .8924, changing to .900 in 1837. In 1866 the nickel became the first of these coins to eliminate silver, with a new composition of copper and nickel. In 1965 the dime and quarter followed, and in 1971 none of the circulating coins contained silver.

Gold coins originally consisted of a fineness of .9167, changed briefly to .8992 in 1834, and in 1837 became .900. In 1933, as part of legislation to stabilize gold value during the Great Depression, the Mint stopped producing gold coins and private ownership of gold coins and bullion was no longer allowed. The law changed in 1974, but gold was never again used in currency.

For more information about present-day circulating coin compositions, go to the Coin Specifications table.

More Than Coins

The Mint has always produced more than just coins. In the early days of the Mint, the War Department contracted Mint employees and equipment to create the first silver peace medals to use for diplomatic efforts, especially toward the Native American tribes. The Lewis and Clark expedition carried peace medals to distribute to the tribes they encountered. The Mint also used to produce military awards, including the Silver Star, Bronze Star, Purple Heart, and Navy Cross.

In 1874, Congress authorized the Mint to produce coins for foreign governments, as long as it didn’t interfere with production of U.S. coins. The Philadelphia Mint struck two million 2 ½ centavo and 10 million 1 centavo coins for Venezuela in 1875 and 1876. In all, the Mint struck coins for more than 40 foreign governments – including Hawaii from 1883-1884 – before the practice ended in the 1980s.

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