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Insight

How the U.S. Mint Produces Bullion Coins

Inside America’s premier coin manufacturing operation.

The United States Mint is one of the most sophisticated coin manufacturing operations in the world, producing billions of coins annually across multiple facilities.

Mint Facilities

FacilityLocationPrimary Products
**Philadelphia**PennsylvaniaCirculation coins, some bullion
**Denver**ColoradoCirculation coins
**West Point**New YorkGold, silver, platinum, palladium bullion and proofs
**San Francisco**CaliforniaProof sets, special editions
**Fort Knox**KentuckyGold bullion depository (no production)

The Bullion Production Process

1. **Blank preparation:** Metal strips are rolled to precise thickness, then blanks are punched

2. **Annealing:** Blanks are softened in a controlled atmosphere furnace

3. **Upsetting:** Edges are raised to protect the design area

4. **Striking:** Enormous hydraulic presses imprint the design at pressures exceeding 100 tons

5. **Inspection:** Each coin is visually inspected for defects

6. **Packaging:** Coins are stacked in tubes (20 coins) and packed in sealed boxes

Annual Production

In peak years, the U.S. Mint has produced over 40 million Silver Eagles and several hundred thousand Gold Eagles. Production fluctuates based on demand and available blank supply.

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