U.S. Mint at West Point to Resume Limited Production on April 21

by CoinNews.net on April 20, 2020 · 0 comments

U.S. Mint at West Point

A CoinNews photo of the West Point Mint

The United States Mint will resume limited production Tuesday morning, April 21st at the Mint facility at West Point.

During the temporary suspension of operations at the West Point Mint, in consultation with local public health officials, a thorough cleaning of the facility was conducted in accordance with Centers for Disease Control and Prevention (CDC) guidelines.

Additional social distancing procedures were implemented, building on measures previously taken to reduce the risk of employee exposure to COVID-19. Mint employees at West Point have been designated mission-essential.

The Mint facility at West Point produces investment grade gold, silver, platinum and palladium bullion coins. The United States Mint does not sell its bullion coins directly to the public. Instead, they are distributed through a network of official distributors called "authorized purchasers" who, in turn, create a two-way market buying and selling to precious metals wholesalers, private investors, and local bullion coin dealers. Mint bullion coins are sold based on the prevailing market price of gold, silver, platinum or palladium plus a small premium to cover minting, distribution and marketing costs.

For more information about the United States Mint’s bullion program, please visit https://catalog.usmint.gov/coins/precious-metal-coins/bullion-coins.html.

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