Silver Dollar Blog - Philadelphia Mint

Feb 14, 2012

The Coinage Act of 1792 is what brought to life the United States Mint.  At the time Philadelphia was the nation's capitol therefore the first mint facility was built there.. 

The first building (1792-1833)  For the low price of $4,266.67 two lots were purchased on Seventh Street and 631 filbert Street. First things first... they demolished an abandoned whiskey distillery on the property and started work on the smelt house. Next facing seventh street was the mint building with "Ye Olde Mint" painted on the front of this three-story building. The basement held the gold and silver in vaults, the first floor was for housed deposits, weighing room, and press room. The second floor was for mint official offices and the third was the assay office. Between the smelt house and the"Ye Olde Mint" office was the mill house.

 

The first building (1792-1833)

Second Building (1833-1901) On July 4th , 1829 at the intersection of Chestnut and juniper the first cornerstone was laid for the second Philadelphia Mint., the Grecian Temple. The building opened in January of 1833. Even though this mint building was more impressive in space and image (white marble with classic Greek style columns) by 1900 the nation had gone from 13 million to 76 million demand brought on the third building. 

 

Second Building (1833-1901) 

Third Building (1901-1969) Located at 1700 Spring garden Street this mint could produce. In one year the third Philadelphia mint produced 501,000,000 coins plus 90,000,000 coins for foreign countries. The building was aquired by the Community College of Philadelphia in 1973

Third Building (1901-1969)

Current Building (1969-Present) Just two blocks from where it all began at the "Ye Olde Mint" Building the fourth mint building is constructed. Listen to this number.... This Philadelphia mint can produce one million coins in thirty minutes!

 

Current Building (1969-Present)

Picture Source: Library of Congress and Wiki



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