United States Mint Law and Legal Definition

The United States Mint is a unit of the U.S. Department of the Treasury responsible for producing coins to be used in trade and commerce, numismatic coins, gold and silver coins, and national medals. It has grown tremendously since its creation by Congress on April 2, 1792. The United States Mint operates the gold-storage facility at Fort Knox, Kentucky. The United States Mint was formerly known as the Bureau of the Mint. As a self-funded agency, the United States Mint turns revenues beyond its operating expenses over to the General Fund of the Treasury.