This latest production shutdown by the US Mint also comes on the back of other recent production shutdowns and production scale-backs that have affected everything from the Royal Canadian Mint in Ottawa, to the world’s largest gold refineries in Switzerland, and to South Africa’s Rand Refinery, restricting further the already constrained bullion supply chain globally. Quantity. How much gold is actually in West Point is however a matter of debate, since, for example, the only gold that the US Mint ever acknowledges in West Point is the coin inventory gold in the facility’s working vault. While some of the Swiss refineries such as PAMP and Argor-Heraeus have restarted production, this is to a limited extent (see PAMP statement here and Argor-Heraeus statement here), and the physical bullion supply chain still remaining challenging. The United States Mint continues to produce and distribute circulating coinage at the Denver Mint and Philadelphia Mint.”. Professional Installation. But one thing has remained constant since the mint’s founding in 1792: the US Mint has and continues to take pride in telling the story of our nation on coins. The reopening plan for the West Point Mint calls for operations to restart at 7:30 a.m. on Tuesday, March 31. The West Point Mint produces American Eagle bullion coins in all metals, American Buffalo gold coins and all gold commemorative coins. It also strikes 2020-W America the Beautiful quarter dollars for circulation. Photos. Phone (586) 731-4710. “Mint facilities in Denver and Philadelphia continue to produce circulating coinage to facilitate commerce, and we continue to meet Fed demand. Address. But this new shutdown is a different kettle of fish since, as highlighted above, it has been triggered by the general spike in COVID-19 cases in the surrounding area across Orange County and the general region. The US Mint’s West Point facility, adjacent to the famous West Point Military Academy and located in the Town of Highlands on the west bank of the Hudson river, is part of Orange County, New York, which, like New York City and other parts of New York State, has been hard hit by the virus. Also, many members of the U.S. Mint’s headquarters staff are working from home after the mayor of Washington, D.C., Muriel Bowser, issued a stay at home directive to the populace March 30. Martin said in an emailed statement March 30, “As the global impacts of COVID-19 continue to evolve, United States Mint leadership’s top priority remains the health, safety, and well-being of the Mint workforce. Your Name (required) Your Email (required) Phone. From April 8 to 20 Silver Eagles were made at the Philadelphia Mint because the West Point Mint had been closed due to implement safety measures to protect employees from the COVID-19 pandemic. The US Mint currently has six locations across the country. U.S. Mint spokesman Michael White provided Coin World with the following statement: “The United States Mint is not shut down. Phone: +65 6284 4653, increasing number of COVID-19 cases in Orange County, New York, reduce the risk of Mint employee exposure. Best Time to reach you. Quick Appointment Form. The COVID-19 positive individual did not enter any production areas. Cookies are also used for the purpose of handling our system and services. On Saturday, March 28, a West Point Mint employee tested positive for COVID-19. your style in mind. One of the U.S. Mint's signature products, it makes a great addition to any collection or the perfect gift for a special occasion. The West Point interruption came two weeks after U.S. Mint officials indefinitely shuttered the San Francisco Mint March 18, disrupting production for a number of numismatic products. Gold bullion coin sales by the US Mint during March 2020 were “off the charts" compared to any other month over the previous two years. Lot # 7950 - US. Close. Follow us on Twitter. Some bullion buyers believe the lower mintage of 24k Buffalo Gold Coins makes them scarcer and thus a better value. Power changed hands and iconic coin designs came to fruition. Submit. Todd Martin, the U.S. Mint’s acting director of corporate communications, provided additional details to Coin World March 31 on the production lapse at the West Point Mint. USA. designed your way. US Mint Closing Down Again Due To The Virus per 3 bullion dealers I spoke to an hour ago. Company Registration No. IDEAS AND CONCEPTS. The current indefinite shutdown of the West Point Mint follows a previous shutdown of the facility during the last few days of March after a Mint employee there tested positive for the coronavirus. Source: www.GoldChartsRUs.com. By using our website, you accept that cookies are used. After working with local public health officials and a complete cleaning of the facility, the Mint believe it can now open the facility for limited production. Premiums are likely to rise on eagles. From 1965 to 1967 all U.S. coins were struck without mint marks. Similar doubts surround the US Treasury / US Mint’s claims of 1364 tonnes of US gold reserves supposedly stored at its Denver Mint facility in Colorado, which, as was detailed here in “Is there any gold bullion stored at the US Mint in Denver?” even the US Mint website changed its claim in 2014 from the facility stored “gold and silver bullion”, to a claim that Denver just stored “silver bullion". If v get telecom license, its enough, even if no tower,no signal,v can sell sim& mint money :).We can close complaint saying we r working hard to fix issue,we r aware,thank u. The opening comes a week after the facility was closed due to the ongoing COVID-19 pandemic. The Mint has been operating at full production capacity since mid-June, it said. About Us; Gallery; Contact Us; Make Appointment; Life. Likewise, even though the West Point production facility is now closed, the facility’s security detail is presumably still on duty, since the US Mint claims to hold 1682 tonnes of US gold in the West Point bullion storage vaults. United States Mint Homepage - Coins and Medals, Shop, Product Schedule, Customer Service, Education, News and Media and More. As a reminder, all of this is happening in an environment of continued enormous demand for gold bullion coins and other physical precious metals, which has led to strong premiums on precious metals bars and coins above the spot prices that the London and New York bullion banks are generating through their relentless synthetic and derivative paper gold churning. From the air – West Point Mint facility, upstate New York. “Out of an abundance of caution, all West Point production lines were temporarily shut down Saturday night when notification of the COVID-19 positive test was received,” Martin said via email. 360° Photos. : 201217896Z As New York State extends its coronavirus shutdown until May 15, the global pandemic’s relentless onslaught on economic activity and bullion supply chains has claimed yet another victim, this time the US Mint’s bullion coin production facility in West Point – upstate New York, which announced on Wednesday evening April 13, a complete and indefinite shutdown. On the other hand, American Silver Eagle bullion coins, which contain 99.9% silver, are classified as Investment Precious Metals and are thus exempt from Singapore’s GST. Auction Terms & Conditions; Successful bidder must contact us within 24 hours after completion of the auction to confirm payment. US Mint Locations. 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