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A mint is an industrial facility which manufactures coins for currency. Manufacturing (from Latin manu factura, "making by hand" is the use of tools and labor to make things for use or sale main - title Coin keywords numismatics coin review A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is

The history of mints correlates closely with the history of coins. The history of mints begins in the 7th century BC when the first mint was likely established in Lydia for coining gold silver and Electrum. 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 New Orleans Mint operated in New Orleans, Louisiana, as a branch mint of the United States Mint from 1838 to 1861 and from 1879 to 1909 The Confederate States of America (also called the Confederacy, the Confederate States, and CSA) formed as the government set up from 1861 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. The Philadelphia Mint was created from the need to establish a national identity and the needs of commerce in the United States. Year 1792 ( MDCCXCII) was a Leap year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Leap year

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. Hammered coinage describes the most common form of coins produced since the invention of Coins in the first millennium BC until the early modern period of ca Cast coinage refers to Coins made by pouring melted metal into a mold i In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. main - title Planchet keywords numismatics coin review - status not yet reviewed In Numismatics, the term milled coinage (also known as machine-struck coinage) is used to describe coins which are produced by some form of machine rather than by

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. Seigniorage (ˈseɪnjərɪdʒ '''''sei'''nY'Ridj'') also spelled seignorage or seigneurage, is the net Revenue derived from the issuing of

Contents

Ancient mints

A number of city-states in ancient Greece operated their own mints. A city-state is a Region controlled exclusively by a City, usually having Sovereignty. The term ancient Greece refers to the period of Greek history lasting from the Greek Dark Ages ca 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. Crete ( Greek: Κρήτη transliteration: Krētē, modern transliteration Kriti) is the largest of the Greek islands and the Cydonia or Kydonia was an important ancient City-state on the northwest coast of the island of Crete. [1] Roman mints were spread widely across the Empire, and sometimes used for propaganda purposes. The Roman Empire was the post-Republican phase of the ancient Roman civilization, characterised by an autocratic form of government and large territorial Propaganda is a concerted set of messages aimed at influencing the opinions or behaviors of large numbers of people The populace often learned of a new Roman Emperor when coins appeared with the new Emperor's portrait. The Roman Emperor was the ruler of the Roman State during the imperial period (starting at about 27 BC A portrait is a painting, photograph, Sculpture, or other artistic representation of a person in which the face and its expression is predominant 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. Titus Fulvius Iunius Quietus (d 261 was a Roman usurper against Roman Emperor Gallienus.

Notable mints

Gallery showing hammered coin production [4]

A furnace for producing molten metal for coin production. The Royal Spanish Mint ( Spanish: Fábrica Nacional de Moneda y Timbre – Real Casa de la Moneda, abbreviated as FNMT-RCM) is the national Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. The Birmingham Mint, a coining mint, originally known as Heaton's Mint or Ralph Heaton & Sons, in Birmingham, England started producing The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The Royal Mint is the body permitted to manufacture or mint, coins in the United Kingdom. Soho Mint was created by Matthew Boulton in 1778 in his Soho Manufactory ( in Handsworth West Midlands, England. The Dahlonega Mint was chartered by the United States Congress and erected in 1837 in the mining town of Dahlonega Georgia, during the first North American The United States of America —commonly referred to as the The Franklin Mint is a private corporation based in Exton Pennsylvania which markets Collectibles of its own designs The United States Mint primarily produces circulating coinage for the United States to conduct its Trade and Commerce.
A trussell for use with a pile in producing hammered coins as shown by the moneyer at work.
A mill for the production of 'milled' coins with both coin dyes illustrated.
A mill for inscribing or milling the edges of coin flans or planchets.


References

  1. ^ C. Michael Hogan, Cydonia, The Modern Antiquarian, Jan. 23, 2008 [1]
  2. ^ Joint Standing Committee on Public Works, Proposed Refurbishment of the Royal Australian Mint Building, Canberra [2]
  3. ^ History of the Kremlica Mint[3]
  4. ^ Cochran-Patrick, R. W. (1876), Records of the Coinage of Scotland. Pub. Edmonston and Douglas, Edinburgh.

See also

External links

Mints are facilities that mint Coins or print Banknotes Argentina Casa de la Moneda de la Republica Argentina A branch mint is a satellite operation of (usually a national mint. Master of the Mint was an important office in the governments of Scotland and England, and latterly Great Britain between the 16th and 19th centuries Mint-made errors are Errors in a Coin made by the mint during the minting process
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