Government

What does the do?

Updates published annually

The United States Mint (US Mint) is a subdivision of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce. The agency designs and manufactures domestic, bullion, and foreign coins, as well as Congressional Gold Medals and silver, gold, and platinum bullion coins. It also maintains physical custody and protection of the nation's gold and silver assets. It was established in 1792.

In FY 2024,

-$51M

in net spending was recorded by the United States Mint

How much does the United States Mint spend?

The United States Mint spent a net total of -$51 million in fiscal year (FY) 2024. The Mint ranked 6th among TREAS subdivisions in net spending.
Net spending is the difference between agency spending and any financial accounts generating funds from the agency’s own activities, like fees or rent. When these funds offset all spending, net spending appears negative. Some agencies tend to operate with positive net spending while others will register negative net spending sometimes or often.

The United States Mint ranked 6th among Department of the Treasury divisions in net spending in 2024.

TREAS net spending by division, FY 2024

Like the overall federal budget, agency spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the United States Mint’s federal spending has decreased from $210.3 million (in 2024 dollars) in 1980 to -$51 million in 2024.

The United States Mint’s federal spending in FY 2024 was lower than in FY 1980.

Yearly federal net spending by USMINT, adjusted for inflation (2024 dollars), FYs 1980–2024

Since 1980, the United States Mint's net spending has decreased by $261.3 million, while overall federal spending has increased from $2.31 trillion (in 2024 dollars) to $6.78 trillion, or 193.7%.
As a percentage of the overall federal budget, a positive number means agency net spending made up some positive share of total federal spending; a negative number means that net generated funds offset a portion of total spending. In 2024, the USMINT offset 0.00075% of all federal spending with negative net spending.

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Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The United States Mint offset 0.00075% of overall federal spending in FY 2024.

Net spending by USMINT as a share of federal spending, FYs 1980–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the United States Mint's spending was direct.
The chart below outlines all net USMINT spending.

How did the United States Mint spend its budget in 2024?

Federal government net spending isolated to USMINT, FY 2024

How many people work for the United States Mint?

Some 1,631 of the 2.31 million total civilian federal employees work for the United States Mint as of September 2024. This is 7.7% fewer people than the division staffed in 2010.

The number of federal employees working for the United States Mint has decreased 7.7% since 2010.

Number of federal employees working for USMINT, September 2010–2024

The United States Mint accounts for 0.071% of the overall federal workforce. As the number of federal employees has changed, so too has the way the workforce is organized, with resources allocated to agencies depending on government priorities. The division constituted a smaller share of the overall federal workforce in September 2024 compared to 2010 (0.084%).
While the number of employees on an agency’s payroll contributes to that agency’s expenditures, some agencies have relatively few employees compared to their budget or vice versa, giving them an outsized share of either the budget or the workforce. According to the most recent data, the United States Mint's share of the workforce (0.071%) is larger than its share of the budget (-0.00075%).

Who leads the United States Mint?

The United States Mint is led by a Director. This individual is appointed by the President of the United States and confirmed by the Senate. The Director of the United States Mint reports to the Secretary of the Treasury. The term length for the Director is five years.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

  • Office of Personnel Management

    FedScope

  • Office of Management and Budget and US Department of the Treasury

    Budget of the US Government and Monthly Treasury Statement

    Office of Management and Budget and US Department of the Treasury logo