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The mint is the organization within each economic community that is responsible for printing, minting, distributing and replenishing the currency in circulation.

The mint does not make decision to print or mint money. Rather it acts on istructions from the governing body for each economic community.

The mint can be viewed as the production facility of money.

 

Mints of the world.

 

Basic minting process:

  1. Alloys are formulated to the correct composition and cooled into ingots.
  2. The ingots are rolled out into long sheets
  3. The sheets are fed into a blanking press where blank planchets are punched out. (example planchet below)

  1. The planchets are fed into a milling machine that smoothens the edge of the planchet.
  2. The blanks are heated and then cooled to make them more plyable.
  3. The blanks are fed into the coinage press and struck by the dies.
  4. The coins leaving the coinage press are examined for quality, counted and placed in bags.
  5. The mint bags are sewn shut and labeled then shipped to the appropriate agency for distribution.

 

Royal Dutch Mint:

The Royal Dutch Mint has been accommodated in a classical building at the Leidseweg in Utrecht since 1911.

 

United States Mint:  

Was the very first Federal building to be erected by the government under the constitution.  The Philadelphia mint is the largest in the world, with the capacity of 32 million coins per day.

 

South African Mint:

The first operational Mint on South African soil was established in 1892

 

Australian Perth Mint:

The Perth Mint is Australia's oldest operating Mint, established in 1899 to mint gold sovereigns for the British Empire.