HomeUS CoinsUnited States Mint Temporarily Shuts Down West Point Facility

United States Mint Temporarily Shuts Down West Point Facility

Due to the increasing number of COVID-19 cases in Orange County, New York, and out of an abundance of caution, the United States Mint has temporarily suspended production at the Mint facility at West Point. This action is being taken to further reduce the risk of Mint employee exposure to COVID-19.

The Mint will resume production once it is deemed prudent to do so.

“My commitment to the health and safety of the Mint workforce is unwavering and continues to be my highest priority,” said Mint Director David J. Ryder. “These are challenging and unprecedented times, and decisions on Mint operations are made with the best interests of Mint employees first and foremost.”

During this temporary shutdown, the entire West Point facility will be thoroughly cleaned in accordance with Centers for Disease Control and Protection (CDC) guidelines.

The Mint facility at West Point produces investment grade gold, silver, platinum and palladium bullion coins. The United States Mint does not sell its bullion coins directly to the public. Instead, we distribute our coins through a network of official distributors called “authorized purchasers” who, in turn, create a two-way market buying and selling to precious metals wholesalers, private investors, and local bullion coin dealers. Mint bullion coins are sold based on the prevailing market price of gold, silver, platinum or palladium plus a small premium to cover minting, distribution and marketing costs.

For more information about the United States Mint’s bullion program, please visit catalog.usmint.gov/coins/precious-metal-coins/bullion-coins.html.

For more information about the Mint facility at West Point, please visit usmint.gov/about/mint-tours-facilities/west-point.

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About the United States Mint

usmintThe US Mint was created by Congress in 1792 and became part of the Department of the Treasury in 1873. It is the Nation’s sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce.

The United States Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; and silver and gold bullion coins. The Mint’s numismatic programs are self-sustaining and operate at no cost to taxpayers.

United States Mint
United States Minthttps://www.usmint.gov/
Since Congress created the United States Mint on April 2, 1792, the primary mission of the Mint is to produce an adequate volume of circulating coinage for the nation. As a self-funded agency, the United States Mint turns revenues beyond its operating expenses over to the General Fund of the Treasury. Other responsibilities include: Maintaining physical custody and protection of the Nation's $100 billion of U.S. gold and silver assets; Manufacturing and selling platinum, gold, and silver bullion coins; and Overseeing production facilities in Denver, Philadelphia, San Francisco, and West Point, as well as the U.S. Bullion Depository at Fort Knox, Kentucky.

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