Everything about Mint Coin totally explained
A
mint is an industrial facility which
manufactures coins for
currency.
The
history of mints correlates closely with the history of coins. One difference is that the history of the mint is normally related in a fashion that more closely ties to the political situation of an era. For example, when discussing the history of the
New Orleans Mint, the usage of that mint by the
Confederate States of America beginning in 1861 is a notable occurrence. The origins of the
Philadelphia Mint, which began operations in
1792 and first produced circulating coinage in 1793, are often related within the political context of the time.
In the beginning,
hammered coinage or
cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints,
coin dies are manufactured in large numbers and
planchets are made into
milled coins by the billions.
With the mass production of currency the production cost is weighed when minting coins. For example, it costs the US Mint much less than 25 cents to make a quarter, and the difference in production cost and face value (called
seigniorage) helps fund the minting body.
Ancient mints
A number of
city-states in
ancient Greece operated their own mints. Some of the earliest Greek mints were within city states on Greek islands such as
Crete; for example an early mint existed at the ancient city of
Cydonia on Crete at least as early as the fifth century
BC. Roman mints were spread widely across the
Empire, and sometimes used for
propaganda purposes. The populace often learned of a new
Roman Emperor when coins appeared with the new Emperor's
portrait. Some of the emperors who ruled only for a short time made sure that a coin bore their image;
Quietus, for example, ruled only part of the Roman Empire from 260 to 261 AD, and yet he issued several coins bearing his image.
Notable mints
- Perth Mint (Australia)
- Royal Australian Mint
- Casa da Moeda do Brasil
- Royal Canadian Mint
- Joachimsthal Royal Mint(External Link
), Czech Republic, (Jáchymovská královská mincovna in Czech)(External Link)—historical, established in 1516 and thalers (tolars in Czech, Slovak and Slovene) were minted there. The dollar received its name after them (Joachimsthal Groschen led to Joachimsthal, which was further shortened to "thaler" (German), which was transliterated to "daler" (Flemish), which was rendered in English as "dollar").
- Monnaie de Paris (France)
- India Government Mint
- Currency Centre, Ireland
- Istituto Poligrafico e Zecca dello Stato, "Printer Institute and State Mint", Italy, the first mint to produce bi-metallic coins in recent times
- Casa de Moneda de México
- Saint Petersburg Mint (Russia)
- Royal Dutch Mint
- Singapore Mint
- Kremnica Mint, Slovak Republic, (Mincovňa Kremnica in Slovak), established in 1328 is one of the oldest continuously manufacturing manufacturers worldwide.
- Fábrica Nacional de Moneda y Timbre, Spain
- Birmingham Mint (United Kingdom)
- Royal Mint of the United Kingdom
- Soho Mint (United Kingdom)
- Dahlonega Mint (United States of America)
- Franklin Mint (United States of America)
- United States Mint
Gallery showing hammered coin production
Image:A mint furnace.jpg|A furnace for producing molten metal for coin production.
Image:Trussel and minting.jpg|A trussell for use with a pile in producing hammered coins as shown by the moneyer at work.
Image:Milling of coins.jpg|A mill for the production of 'milled' coins with both coin dyes illustrated.
Image:Coin edge enscription mill.jpg|A mill for inscribing or milling the edges of coin flans or planchets.
Further Information
Get more info on 'Mint Coin'.
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