Founded in 1792, The United States Mint is responsible for the production of adequate coinage for circulation to conduct trade and commerce activities in the United States. The organization is administered by the Department of the Treasury. With annual revenues of more than $1billion, The United States Mint is a self-funded agency that turns its surplus revenues to the General Fund of the Treasury. It distributes U.S. coins to various Federal Reserve banks and its branches. The organization also maintains physical custody and protection of the U.S. government s gold and silver assets that is worth approximately $100 billion. Additionally, The United States Mint manufactures commemorative coins and medals for sale to the general public. It operates various facilities in New York, Kentucky, Colorado, California, Pennsylvania and the District of Columbia.