Minting of coins in United States dates back to the late 17th century in 1792. The process began in mints based in Pennsylvania and Philadelphia. However, due to increasing demands, there was tremendous shortage of coins and sufficient currency was not available for public use. As a result, the government adopted appropriate arrangements to introduce additional mints for increased production. Following the discovery of gold in Eastern and Western parts of United States, the government started minting gold coins. By the end of 19th century different mints were established in San Francisco, … [Read more...]