United States Mint (San Francisco) | |
Location | Hermann and Buchanan Streets, San Francisco, California |
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Coordinates | 37°46′12″N122°25′38″W / 37.7701°N 122.4273°W |
Built | 1937 |
Architect | Gilbert Stanley Underwood |
Architectural style | Stripped Classicism |
NRHP reference No. | 88000026 |
Added to NRHP | February 18, 1988 |
The San Francisco Mint is a branch of the United States Mint. Opened in 1854 to serve the gold mines of the California Gold Rush, in twenty years its operations exceeded the capacity of the first building. It moved into a new one in 1874, now known as the Old San Francisco Mint. In 1937 Mint operations moved into a third building, the current one, completed that year.
The San Francisco Mint began operations in 1854 at 608 Commercial Street, just west of Montgomery Street. [1] The building sat between Commercial and Clay Streets and a California Historical Landmark (number 87) plaque can be found today on Commercial. Since June 14, 1970, the building has been listed as a San Francisco Designated Landmark.
The mint was established in response to the California gold rush. [1] Within the first year of its operation, the San Francisco mint turned $4 million in gold bullion into coins. [2] Because of the scale of its increase in operations due to economic growth, a new building was soon required.
Construction of the new location approximately 1 mile away began in 1869 at Fifth Street and Mission Street. The mint operations moved to that building in 1874.
The second US Mint building here, completed in 1874 for the Department of the Treasury, was designed by Alfred B. Mullett in a conservative Greek Revival style with a sober Doric order. The columns, most of the exterior and upper floors were constructed of sandstone. It was quarried at Newcastle Island, British Columbia, near the city of Nanaimo and imported for this purpose.
The building had a central pedimented portico flanked by projecting wings in an E-shape; it was built around a completely enclosed central courtyard that contained a well. These features saved it during the fires that followed the San Francisco Earthquake of 1906, when the heat melted the plate glass windows and exploded sandstone and granite blocks with which it was faced. The building is based on a concrete and granite foundation, designed to thwart tunneling into its vaults. At the time of the 1906 earthquake, the Mint held $300 million (~$7.63 billion in 2023), fully a third of the United States' gold reserves. Efforts by Superintendent of the Mint, Frank A. Leach, and his men preserved the building and the bullion that backed the nation's currency. [2] The mint resumed operation soon thereafter, continuing until 1937 at this site.
Now known as the Old San Francisco Mint, it was designated as a National Historic Landmark in 1961 and sold to the city of San Francisco in 2003. There are plans for adaptive reuse, including as a museum, and continued special events space.
The new Mint was opened in 1937. Beginning in 1955, circulating coinage from San Francisco was suspended for 13 years. In 1968, this facility took over most proof coinage production from the Philadelphia Mint, but continued striking a supplemental circulating coinage from 1968 through 1974.
Since 1975, the San Francisco Mint has been used almost exclusively for proof coinage, with the exception of the Susan B. Anthony dollar from 1979–81, a portion of the mintage of cents in the early 1980s, and circulation-strike America the Beautiful quarters marked with an "S" mintmark and issued only for collectors since 2012. The dollars and quarters bear a mintmark of an "S", but the cents are otherwise indistinguishable from those minted at Philadelphia (which bear no mintmarks, unlike those years' proof cents from San Francisco and circulation cents from Denver).
From 1962 to 1988, the San Francisco Mint was officially an assay office; the San Francisco Assay Office was granted mint status again on March 31, 1988 (Pub. L. 100–274). [3] The San Francisco Mint is located at 155 Hermann Street. It admits visitors only as a rare exception. On May 15, 1987, to commemorate the 50th anniversary of the Mint, a limited number of people were allowed to tour the facility. This tour was advertised in the San Francisco Chronicle newspaper, with reservations required.
The quarter, formally known as the quarter dollar, is a coin in the United States valued at 25 cents, representing one-quarter of a dollar. Adorning its obverse is the profile of George Washington, while its reverse design has undergone frequent changes since 1998. Since its initial production in 1796, the quarter dollar has held a significant place in American numismatics, with consistent production since 1831.
Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢, 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion, including gold, silver and platinum, and commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn put coins into circulation and withdraw them as demanded by the United States economy.
The Coinage Act of 1873 or Mint Act of 1873 was a general revision of laws relating to the Mint of the United States. By ending the right of holders of silver bullion to have it coined into standard silver dollars, while allowing holders of gold to continue to have their bullion made into money, the act created a gold standard by default. It also authorized a Trade dollar, with limited legal tender, intended for export, mainly to Asia, and abolished three small-denomination coins. The act led to controversial results and was denounced by critics as the "Crime of '73".
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. The U.S. Mint is one of two U.S. agencies that manufactures physical money. The other is the Bureau of Engraving and Printing, which prints paper currency. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point.
The dime, in United States usage, is a ten-cent coin, one tenth of a United States dollar, labeled formally as "one dime". The denomination was first authorized by the Coinage Act of 1792.
Proof coinage refers to special early samples of a coin issue, historically made for checking the dies and for archival purposes. In modern times, proofs are often struck in greater numbers, especially for coin collectors (numismatists). Nearly all countries have issued proof coinage.
The Coinage Act of 1792, passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency.
The United States Bicentennial coinage is a set of circulating commemorative coins, consisting of a quarter, half dollar and dollar struck by the United States Mint in 1975 and 1976. Regardless of when struck, each coin bears the double date 1776–1976 on the normal obverses for the Washington quarter, Kennedy half dollar and Eisenhower dollar. No coins dated 1975 of any of the three denominations were minted.
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986, and portrays the Goddess of Liberty in a design by Adolph A. Weinman that was originally used on the Walking Liberty half dollar from 1916 to 1947.
The American twenty-cent piece is a coin struck from 1875 to 1878, but only for collectors in the final two years. Proposed by Nevada Senator John P. Jones, it proved a failure due to confusion with the quarter, to which it was close in both size and value.
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. During its years of operation, it produced over 427 million gold and silver coins of nearly every American denomination, with a total face value of over US$ 307 million. It was closed during most of the American Civil War and Reconstruction.
The Seated Liberty dollar was a dollar coin struck by the United States Mint from 1840 to 1873 and designed by its chief engraver, Christian Gobrecht. It was the last silver coin of that denomination to be struck before passage of the Coinage Act of 1873, which temporarily ended production of the silver dollar for American commerce. The coin's obverse is based on that of the Gobrecht dollar, which had been minted experimentally from 1836 to 1839. However, the soaring eagle used on the reverse of the Gobrecht dollar was not used; instead, the United States Mint (Mint) used a heraldic eagle, based on a design by late Mint Chief Engraver John Reich first utilized on coins in 1807.
The Manila Mint was a coinage mint that briefly served as a branch of the United States Mint, located in Manila, now the capital city of the Philippines.
A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It should not be confused with a mintmaster mark which is the mark of the mintmaster.
The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States. A bill providing in part for the issuance of the trade dollar was eventually put before Congress, where it was approved, and signed into law as the Coinage Act of 1873. The act made trade dollars legal tender up to five dollars. A number of designs were considered for the trade dollar, and an obverse and reverse created by William Barber were selected.
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter of any United States coin minted to date.
The America the Beautiful quarters were a series of fifty-six 25-cent pieces (quarters) issued by the United States Mint, which began in 2010 and lasted until 2021. The obverse (front) of all the coins depicts George Washington in a modified version of the portrait used for the original 1932 Washington quarter. There were five new reverse (back) designs each year, each commemorating a national natural or historic site such as national parks, national historic sites, or national forests – one from each state, the federal district, and each territory. The program was authorized by the America's Beautiful National Parks Quarter Dollar Coin Act of 2008 (Pub. L. 110–456 .
The Indian Head eagle is a $10 gold piece or eagle that was struck by the United States Mint continuously from 1907 until 1916, and then irregularly until 1933. The obverse and reverse were designed by sculptor Augustus Saint-Gaudens, originally commissioned for use on other denominations. He was suffering from cancer and did not survive to see the coins released.
The Liberty Head double eagle or Coronet double eagle is an American twenty-dollar gold piece struck as a pattern coin in 1849, and for commerce from 1850 to 1907. It was designed by Mint of the United States Chief Engraver James B. Longacre.
The Old San Francisco Mint is a building that served as the location of the San Francisco branch of the United States Mint from 1874 until 1937. The building is one of the few that survived the great 1906 San Francisco earthquake and resulting fire. It was designated a National Historic Landmark in 1961, and as a California Historical Landmark in 1974.