The cost of raw materials has resulted in massive increases in the cost to make change.
of East Alton Illinois," she says. Costs to transport materials from these locations are ultimately factored into the overall unit production cost of each coin.information from the U.S. Mint's website.
"Coins manufactured at the Denver Mint are generally distributed to fulfill orders from the Federal Reserve Bank for destinations west of the Mississippi River," DeBroekart says. The mint, however, was first established more than 40 years before 1906 — by an act of congress in 1862 — in response to the Gold Rush reaching Colorado. Its opening came four years after gold was discovered on Denver's Platte River, and it was originally created simply as an assay office: a place where gold miners could melt and cast their raw gold into bars.The mint was first located on 16th and Market streets and operated exclusively as an assay office.
The mint is still currently located at that Colfax location and is the country's oldest continually operating U.S. Mint facility. However, in the 1960s and '70s, the building was in need of either renovation and quite possibly an entirely new location, and a long debate ensued over what to do, with one possibility being to close the mint entirely., former Denver Mint director Mary T. Brooks said the situation had"endangered the mint remaining in Colorado.
In the 1974 release, Brooks announced that she and other Denver Mint officials had chosen to move the mint location to what is currently the Park Hill Golf Course. But they eventually opted to just renovate the mint's original location.Though the Denver Mint is currently losing money on the nickels it produces, the location has produced ones that are worth far more than five cents.
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