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West Point Mint
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The West Point Mint
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Date of Service:
1988 to
Present
Mint Mark:
"W"
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The West Point Mint joined the family of US
Mints in 1988. Located on the grounds of the West Point Academy in
New York, the Mint is a relatively new addition to the Army’s long
presence at West Point, dating all the way back to the American
Revolution.
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West Point: "Key to the
Continent" |
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Sketch of the American position at West Point, as
taken from the description of a deserter, June 9, 1779. Gun emplacements,
fortifications, and the "Great Chain" stretched across the Hudson are shown. Image courtesy of
Geography and Map
Division, Library of Congress. |
Only one month after the
Revolutionary War began at Lexington and Concord in 1775, the Continental
Congress formally acknowledged the importance of establishing a defensive
fortification somewhere on the banks of the Hudson River. If not, the
British could potentially split the American forces in two by sailing upstream along the crucial waterway from their New York City stronghold.
By 1778, it was clear that a place called West Point, a scenic highland plateau
overlooking a sharp turn on the Hudson, would serve ideally as a defensive
position against invading
Redcoat ships trying to navigate around the "Point".
General George Washington
himself described West Point as the "key to the continent", and sent
one of his most trusted officers, Thaddeus Kosciuszko of Poland, there to safeguard the heights. In addition to
constructing a daunting series of forts and gun emplacements, Kosciuszko
instructed Continental troops to stretch a 500 yard chain weighing 50 tons across the Hudson, from
West Point to Constitution Island (then known as Martelaer's Rock). The
chain was suspended in the water by floating logs, providing an effective barrier
against British ships advancing up the river.
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Several of the links from the "Great Chain"
extended across the Hudson
during the Revolution are preserved on the grounds of West Point. Each
link weighs 114 pounds. Image courtesy of
US Military Academy, West Point. |
The British never attempted
to breach West Point's defenses, but through underhanded means, still nearly
captured the strategic base.
In 1780, American general Benedict Arnold
plotted to betray West Point to the Redcoats, but the plan was foiled by the
capture of British spy John Andre. Perhaps the Revolution might not have
ended in victory had West Point fallen into enemy hands. |
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The US Military Academy is
Established at West Point |
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The United States government
purchased 1,770 acres of West Point land from private citizen Stephen Moore in
1790, for the purpose of maintaining a permanent military presence there. The
government paid $11,085 for the property.
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An 1831 view of West Point looking northwest across the
Hudson from Phillipstown. Two goats in the
foreground are enjoying the day, as are many sail boaters on the river.
Image courtesy of Library of Congress. |
As early
as 1783, George Washington had proposed the concept of a special federal school
at West Point to train army officers, but critics viewed it as too European,
replete with the danger of creating an elite military aristocracy.
Eventually, more people
accepted the wisdom of Washington. After receiving assurances that the
academy would be representative of a democratic society and not a haughty institution for the
privileged few, President
Thomas Jefferson signed into law an act of Congress on March 16, 1802, creating
the United States Military Academy at West Point. The school's first
buildings were built on an imposing bluff overlooking the Hudson River.
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Sylvanus Thayer, West Point superintendent
1817-1833, is remembered as the father of the Military Academy. Image
courtesy of Library of Congress. |
The first West Point class
numbered only 10 cadets. In its earliest years, the academy struggled
because of a poorly defined mission, internal dissention, and insufficient
staff. It wasn't until Sylvanus Thayer (Class of 1808) was appointed
superintendent in 1817 that West Point began to grow and establish rich traditions.
Thayer combined officer trainer with higher academic standards, complemented by
a strict code of
conduct.
Under Thayer's tutelage, West
Point emerged as the nation's preeminent civil engineering school.
Graduates of the USMA were largely responsible for many of early America's
engineering marvels; dams, harbors, bridges, charting unexplored lands and
rivers, forging an infrastructure of pioneer roads and railway lines,
and constructing the dome on the U.S. Capitol. Near the start of 20th
century, the ingenuity of the Army Corps of Engineers led to the construction of
one the most magnificent human
achievements of all time, the Panama Canal.
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The Plain at West Point, 1828, by George
Catlin. The North Barracks are on the left, The South Barracks,
Academy, the Mess Hall, and the Wood Monument on the right. Public
domain image. |
Ringing true to its creed
of nationwide inclusiveness, an 1843 law mandated that every single
congressional district in the United States be represented by at least one cadet
at West Point, guaranteeing the academy remain an institution for all of
America.
When West Pointers were not
busy extending the nation's frontiers, they were forming the core of the Army's
finest officers. Throughout America's wars, graduates of the USMA proudly
fulfilled the academy's motto of "Duty, Honor, Country", and in the process,
helped preserve freedom for the people in America and around the world, and
boost the United States to its current status of superpower.
Some of the
most famous military minds to pass through the halls of West Point include
Ulysses S. Grant, Robert E. Lee, John J. Pershing, Dwight D. Eisenhower, Douglas MacArthur, and Norman Schwarzkopf. |
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The "Fort Knox of Silver" |
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President Franklin Roosevelt on the grounds of
West Point, August 27, 1934, chatting with an unidentified Army officer. Not long
thereafter, FDR approved a new federal silver depository at West Point.
Image courtesy of National Archives. |
In the 1930s, the Treasury
Department determined that an impregnable storage facility was needed to house
70 tons of government silver bullion reserves.
President Franklin D.
Roosevelt gave final approval to build the new facility at West Point: as a
military compound, plenty of security was already in place. What's more,
the important financial district of downtown Manhattan was only 50 miles to the
south.
The Department of Defense
turned over to the Treasury a four acre plot nestled at the foot of
the academy's ski slope, not far from the Washington Gate (formerly known as the
Old North Gate). Construction of the austere single story facility began
at this site in 1937. To thwart would-be thieves, the windowless walls
were composed of three-foot-thick reinforced concrete. When completed the
following year, the new facility was officially designated as the West Point
Bullion Depository. Encircled by barbed wire and sentries with machine
guns, the location was often dubbed the "Fort Knox of Silver".
In the 1970s, a severe
shortage of one cent coins caused Treasury officials to look to West Point as an
alternative to boost penny production. On August 1, 1974, the Depository
began minting Lincoln cents. These coins bore no mintmark, and were
therefore indistinguishable from those made at the
Philadelphia Mint.
Bicentennial quarters, followed by regular Washington quarters in the years
1977-79 likewise rolled off West Point's coining presses. In all, millions
of coins flowed into the channels of commerce from West Point. Not bad,
for an unofficial minting facility.
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1984-W gold eagle commemorating the Los Angeles
Olympic Games. This was the first coin to bear the "W" mintmark. At
the time this coin was issued, West Point had not yet been awarded mint status. |
In the early 1980s, the West
Point Bullion Depository added some 20 billion dollars in gold reserves to its
vaults, making it one of the world's biggest stashes of the yellowish metal.
In September 1983, the "W" mintmark appeared for the first time, when West Point
began striking $10 gold eagles commemorating the 1984 Los Angeles Olympic Games.
This was the first legal tender US gold coin issued since 1933.
In 1986,
the "mintmarkless" American Eagle gold and silver bullion coins were introduced,
with West Point selected as the sole production facility.
As the 1980s progressed, West
Point took on an increasingly larger role in the Treasury Department's plans.
The relatively small facility on the grounds of the storied US Military Academy
was making quite a contribution toward the success of America's coinage system.
Its consistent production capability and quality workmanship were widely
recognized, and soon to be rewarded. |
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After 126 Years, A New Member
in the Family of US Mints |
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The West Point Mint, formerly known as the West Point
Bullion Depository, was granted mint status on March 31, 1988. Image courtesy of
US Mint. |
On March 31, 1988, the
facility at West Point was elevated to that of a full fledged United States
Mint. This marked the first occasion since 1862 that a new branch mint was
named, when Denver joined the family of US Mints.
Since then, the West Point
Mint has taken on two primary areas of responsibility: sole production of
the entire series of American Eagle proof and uncirculated bullion coins
(silver, gold, platinum), and all gold commemorative coins, plus a few made of
silver. All commemoratives leaving the West Point Mint are struck with the
distinctive "W" mintmark.
The silver bullion coins are
offered only in $1 face value denomination (1.00 oz.), and are characterized on
the obverse by an image of walking Liberty, a spin-off of A.A. Weinman's highly
acclaimed half dollar design of 1916-1947. The gold bullion coins come in four
denominations: $5 (.10 oz.), $10 (.25 oz.), $25 (.50 oz.), and $50 (1.00 oz.).
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Examples of American Eagle bullion coins minted
at West Point. The silver $1 (1.00 oz.) is at left, $50 gold (1.00 oz.)
top right, $100 platinum (1.00 oz.) bottom right. Photos courtesy
of Ira & Larry Goldberg Coins &
Collectibles, Inc., Beverly Hills, CA. |
The obverse on all sizes features an adaptation of American sculptor Augustus
Saint-Gaudens' classic design of advancing Liberty, first displayed on double eagle gold coins
minted from 1907-1933.
Platinum coins were made available starting
in 1997, and are sold in denominations of $10 (.10 oz.), $25 (.25 oz.), $50 (.50
oz.), and $100 (1.00 oz.). On the platinum coin obverse a close-up view of
the Statue of Liberty is shown.
The West Point Mint continues
to operate as a gold bullion depository for the federal government. Silver
is also kept on hand, but only in quantities sufficient to meet silver coinage
demands. |
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The Military Academy Today |
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Today, the United States
Military Academy at West Point consists of nearly 16,000 acres (25 square
miles), over which more than 1000 structures are dispersed. Enrollment has
been held steady at 4000 cadets for many years, and competition for the coveted slots
is fierce. About 15 percent of the school's attendees are women.
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An aerial view of West Point, as it appears today. Soldiers have been garrisoned here continuously since 1778,
making it the oldest of all American military
installations. Aerial photography by
Rosspilot.
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The Academy's education
curriculum has changed remarkably in recent decades. In addition to
rigorous military skills training, cadets are permitted to major in any one of
more than a dozen fields, from the sciences to the arts.
All graduating
cadets receive a Bachelor of Science degree, designed specifically to meet the
intellectual demands of a commissioned officer in today's
Army. West Point graduates are awarded a rank of second lieutenant, and are required to serve on
Army active duty for a minimum of five
years. The Academy generates more than 900 newly minted officers annually,
representing about one-fourth of the new lieutenants needed by the Army every
year.
As the Academy heads into its
third century of service, the venerable institution remains steeped in tradition and
yet dynamic, enticing some of the best and brightest young men and women. It
offers a challenging and exhaustive range of opportunities while highlighting
its long-standing commitment to Duty, Honor, Country. |
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A Commemorative
Coin to Honor West Point's Bicentennial |
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As the West Point Academy approached its
200th anniversary in
2002, a special commemorative silver dollar was designed to celebrate the bicentennial of
institution's founding. The obverse depicts a cadet color guard in parade
exercise with
Washington Hall and Cadet Chapel in the background. The reverse illustrates
the Academy's Bicentennial Logo, featuring the school's revered symbol, the
helmet of Pallas Athena.
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The West Point Bicentennial commemorative dollar
coin is available in Proof and Uncirculated condition A maximum mintage of
500,000 was authorized. Image courtesy of
US Mint. |
The new coin was unveiled by
the US Mint at the Founders Day bicentennial ceremony at West Point on March 16, 2002. It
was on this date 200 years ago that President Thomas Jefferson signed into
law the Congressional act establishing the United States Military Academy at
West Point. The branch facility selected to produce the
bicentennial coins was, fittingly, the West Point Mint.
West Point is one of
America's timeless national treasures. As we look into the foreseeable
future and beyond, we can reasonably anticipate the West Point Mint will answer
the call of duty as faithfully as its namesake has for more than two centuries. |
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