Collector Basics: West Point moves from silver bullion depository to Mint

Coin World introduces new collectors to facilities under U.S. Mint jurisdiction.
By , Coin World
Published : 12/26/14
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Editor’s note: This is one in a series of Coin World Collector Basics posts on facilities under the U.S. Mint’s jurisdiction.

Since 2001, the West Point Mint’s production has been predominantly dedicated to precious metals coinage production, such as American Eagle and American Buffalo coins. 

Originating as the West Point Silver Bullion Depository in 1938, the facility was constructed on property once part of the West Point Military Academy complex. Initially the facility was used for storage of silver bullion. In 1981 and 1982, when the Treasury Department closed the New York Assay Office, the gold reserves stored there were transferred to the West Point facility. 

West Point struck Lincoln cents without Mint marks in the 1970s and 1980s to augment circulation production.

The West Point Silver Bullion Depository officially became the West Point Mint on March 31, 1988, under provisions of Public Law 100-274, the same legislation that also elevated the San Francisco Assay Office to full Mint status as the San Francisco Mint..

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