Like any good business, the Mint works off of a strategic plan that it has revised regularly since 1995. Mint contributed $665 million to the nation’s Treasury. In the last fiscal year, through collector coin sales and, primarily, seigniorage (the difference between a coin’s production cost and face value), the U.S. Mint became a public sector enterprise, meaning it sustains itself on its own profits and doesn’t get a congressional appropriation. Except for the one presidentially appointed Mint director, all of the old political positions, such as superintendent, chief coiner and assayer, were eliminated in 1995 when the U.S. Mitty couldn’t dream himself into the Denver Mint superintendent’s position today because it doesn’t exist. Today the same number of coins are stamped one-at-a-time on a horizontal-stroke press that vibrates so quickly, the action can barely be seen, let alone articulated.Īnd besides. Had the daydreaming Mitty imagined himself the Mint superintendent, he might have kept pace with the old down-stroke Bliss presses that stamped four coin blanks at a time at 200 "pocketa-pocketas" per minute, for a total of 800 coins. He’d have had better luck in 1947 when "The Secret Life of Walter Mitty" was in theaters. The Denver Mint marks its 100th anniversary of coinage this month.Īnny Kaye could never "ta-pocketa" fast enough to mimic even one of the 49 Schuler presses that stamp the western United States’ coins at the Denver Mint today. Through the side entrance that was added in 2000. The historic main entrance to the Denver Mint has been sealed.
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