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Commems Collection Classic: What If? 1941 Additional US Mint

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commems's Avatar
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 Posted 09/09/2025  09:28 am Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
In January 1941, an idea was floated in Congress to supplement the Philadelphia, Denver and San Francisco Mint facilities with an additional Mint to be located in the central United States (location TBD). The idea originated within the US Treasury Department.

Bills, based on the Treasury's outline, were introduced in the Senate by Frederick Van Nuys (D-IN) and the House of Representatives ("House") by William Henry Larrabee (D-IN).

The bills called for an additional coinage mint at a TBD location in the central section of the United States. While Chicago and St. Louis had previously been suggested as locations for a Mint facility, I can't help but to think that an Indiana site was on the minds of the bills's sponsors - an Indiana Senator and an Indiana Representative. Indianapolis perhaps? Maybe Fort Wayne?

The provisions of the companion bills ensured that any such Mint that was to be built would be a full-featured facility:

Section 1b--

Any function, activity, or business which may, under existing law, be performed or conducted at any existing mint or assay office of the United States may be performed or conducted at the mint authorized to be established by this Act.


The Federal Works Administrator was to utilize the Public Buildings Administration to select and secure a site for the mint, plus oversee its construction and outfitting. The bills did not include a timeline for the additional mint's construction.

The Senate bill was referred to the Senate Committee on Banking and Currency; the House bill was referred to the House Committee on Coinage, Weights, and Measures. Neither bill, however, was reported out of Committee for further consideration in their respective chamber of Congress.

Imagine the impact of coins with an "I" mint mark (for example) in addition to those bearing a "P", "D" or "S". Collecting objectives would be different. Coin albums would be different. Coin pricing guides would need to cover additional coins. Which denominations would the new mint produce? Where would its coins fall on the "Strike quality" scale among the existing mints?

Of course, none of these things needed to be considered as the new Mint proposals failed.


For other of my posts about commemorative coins and medals, see: Commems Collection.




Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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jbuck's Avatar
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 Posted 09/09/2025  11:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting!

Being born in Indiana, that would have been cool, even if I am more Chicago than Indiana in geography.

I will withhold commenting on a potential St. Louis branch mint.
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 Posted 09/09/2025  1:25 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I wonder what set of circumstances were in existence that caused even consideration of a new mint location in early 1941.

Were there logistical issues to be resolved; such as transportation distances, access to raw materials, lack of current mint capacity, etc.? Others?

Or perhaps this was simply a political play by the Indiana congressional contingent to drum up work (and some manner of prestige) for their State.

Take a look at my other hobby ... http://www.jk-dk.art
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jbuck's Avatar
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 Posted 09/09/2025  2:20 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Would be interesting to know, but I am not sure it is knowable.

Now we wait for someone to prove me wrong.
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commems's Avatar
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 Posted 09/09/2025  2:34 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
jbuck: Here's the proof you dreaded.

US Treasury Secretary Henry Morgantheau, Jr. proposed a new mint to meet the increased demand for subsidiary silver coins, plus nickel and bronze coins. The demand was being driven by Federal and State taxes (e.g., sales tax).

Apparently, the other three Mint facilities (i.e., Philadelphia, Denver and San Francisco) had been working around the clock for six months to meet the demand, and Morgenthau was seeking some production relief.




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 Posted 09/09/2025  3:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I just knew you knew, hence the taunt.

Too bad no one thought about using the West Point Bullion Depository before 1973. Or did they?
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commems's Avatar
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 Posted 09/09/2025  6:02 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Too bad no one thought about using the West Point Bullion Depository before 1973. Or did they?

My understanding is that West Point did not get coinage presses until the early 1970s in preparation for the cents it struck in 1973 (and later quarters). So, if anyone did think about using it as a mint earlier, the idea apparently didn't gain much traction.





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 Posted 09/10/2025  06:16 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I was hoping there was an answer to my musings - and of course commems provided it.
Take a look at my other hobby ... http://www.jk-dk.art
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jbuck's Avatar
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 Posted 09/10/2025  09:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So, if anyone did think about using it as a mint earlier, the idea apparently didn't gain much traction.
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