Collector Basics: West Point, silver bullion depository to Mint

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..

More from

When are they going to open the Boston time capsule and see what's inside?

U.S. Trade dollar series remains one of the most heavily counterfeited among U.S. coins

Carson City Mint coins unwanted when first struck but now they are wildly popular

United States Mint to offer 1-ounce silver Proof 2015-W American Eagle dollar beginning Jan. 2

Can a Modern commemorative $1 outshine a 1907 High Relief $20?

Keep up with all of's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!

Community Comments