Volatility Ratio

Finance allah shmoop what is the u S mint It's

this tasty sweet smelling plant that can be grown in

the united states So it's you know us mint But

it's not the u S Mint that would be this

place and these three places actually yeah there are currently

for mints in use one each in philly san francisco

denver in a west point So what exactly do they

do there Take mint plants and convert them into delicious

melt in your mouth treats so we can cleanse our

palace after a hefty meal at our favorite garlic filled

italian restaurant Well no not quite The u S Mint

is responsible for one hundred percent of our coinage That's

pennies nickels dimes quarters of this one Whoever that busty

woman is if it can be found in a change

purse It started out here or here or here or

here Well the u S Mint was created by congress

in seventeen ninety two when our forefathers realized that there

was no way to make any of the jukebox is

work So yeah we needed small change because well back

in their day pretty much the only thing that cost

over ninety nine cents was a thirty foot yacht or

a trip around the world on a mule so we

needed something other than paper currency that started at a

dollar And while the u S Mint was born well

the mints use precious ish medals but not so precious

that they're not willing to melt them and crush them

and form them into likenesses of dead presidents Well the

medals are fed through a series of fancy machines until

coins pop out on the other end Well typically the

quarters and dimes and so on that we use on

a semi regular basis but sometimes also commemorative coins Yeah

that's included in there too Well like when the country

turns two hundred years old when we want to recognize

an important person or event from history or when you

know workers that the men are bored of coining aeneas

Now this is all what they do Additionally there's a

facility at fort knox where all of the u S

Bullion is stored and no gold and silver bullion not

bullion Birbal yang's you difference in french but don't get

any crazy ideas about robbing the place That would be

like while trying to break into fort knox common misconception

the mint doesn't print paper currency that would be under

the purview of the bureau of engraving and printing which

will also put your loved one's name on a champagne

flute for just twenty nine ninety five So yeah the

u S mint does coins The bureau does dolla dolla

bills right Those annual crosstown softball cames really gotten pretty 00:02:31.958 --> [endTime] fierce