The United States Mint budget for fiscal 2016 was $2.896 billion.2 It is one of eight Treasury bureaus headquartered in Washington, D.C., and operates six facilities across the United States, with each facility performing a unique function. The Mint has approximately 1,900 employees overall. It is self-funded, and all revenues that exceed operating expenses are turned over to the General Fund of the Treasury.3
Leads the United States Mint, which:
• Primarily manages the design, marketing, security and production of circulating coinage for the United States to conduct its trade and commerce
• Produces proof, uncirculated and commemorative coins and medals for sale to the general public4
• Distributes U.S. coins to the Federal Reserve banks and branches
• Maintains physical custody and protection of the nation’s $100 billion of U.S. gold and silver assets
• Manufactures and sells platinum, gold and silver bullion coins5
• Works closely with consumer groups, media outlets and schools to ensure an adequate amount of public awareness, through news coverage and other means, of the inauguration of the Presidential $1 Coin Program, to ensure that consumers know of the availability of the coin
• Oversees the numismatic sales program, which generates significant revenues
• Takes all steps necessary to ensure that a maximum number of reputable, reliable and responsible dealers are qualified to offer for sale all bullion coins struck and issued by the United States Mint (31 U.S.C. 5112)