Tools commonly used in the Mints (Coin Minting) industry for day-to-day tasks and operations.

• Coin presses
• Blanking presses
• Annealing furnaces
• Coining presses
• Engraving machines
• Polishing machines
• Chemical baths for cleaning and finishing
• Metal shears
• Metal rolling machines
• Metal stamping machines

Common products and services typical of NAICS Code 921130-04, illustrating the main business activities and contributions to the market.

• Commemorative coins
• Bullion coins
• Collectible coins
• Currency coins
• Medals
• Tokens
• Challenge coins
• Proof coins
• Numismatic coins
• Coin sets

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ISO 9001:2015 Quality Management System: This certification ensures that the minting process meets international quality standards. It is provided by the International Organization for Standardization (ISO).
• ISO 14001:2015 Environmental Management System: This certification ensures that the minting process is environmentally sustainable. It is provided by the International Organization for Standardization (ISO).
• Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the minting process meets safety standards set by the US government. It is provided by the US Department of Labor.
• National Institute Of Standards and Technology (NIST) Certification: This certification ensures that the minting process meets measurement standards set by the US government. It is provided by the US Department of Commerce.
• United States Mint Bullion Coin Program: This program ensures that the minting process for bullion coins meets specific standards set by the US government. It is provided by the United States Mint.

A concise historical narrative of NAICS Code 921130-04 covering global milestones and recent developments within the United States.

• The history of coin minting dates back to ancient times, with the first coins being minted in Lydia, a kingdom in Asia Minor, around 600 BCE. The first coins were made of electrum, a naturally occurring alloy of gold and silver. The first mint in the United States was established in Philadelphia in 1792, following the Coinage Act of 1792. The act established the US Mint and authorized the production of the US dollar. The US Mint has since expanded to include several other locations across the country, including Denver, San Francisco, and West Point. In recent years, the industry has seen advancements in technology, such as the use of computer-aided design and manufacturing, which has allowed for more intricate and detailed designs on coins. Additionally, the industry has seen an increase in demand for collectible coins, leading to the production of commemorative coins for special events and anniversaries.

The anticipated future trajectory of the NAICS 921130-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Mints (Coin Minting) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for coins and other currency-related products. The rise in e-commerce and online transactions has not affected the demand for coins, as they are still widely used in vending machines, parking meters, and other similar machines. The industry is also expected to benefit from the increasing popularity of coin collecting as a hobby. However, the industry may face challenges due to the increasing use of digital currencies and the decreasing demand for physical currency. Overall, the Mints (Coin Minting) industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Mints (Coin Minting) industry, reflecting notable innovations that have reshaped its landscape.

• New Coin Designs: The Mints (Coin Minting) industry has recently introduced new coin designs to commemorate important events and people. For example, the US Mint released a coin to celebrate the 100th anniversary of the end of World War I.
• Improved Security Features: The industry has been incorporating new security features into coins to prevent counterfeiting. For example, the US Mint has introduced micro-engraved security features on some coins.
• Increased Use Of Recycled Materials: The industry has been using more recycled materials in coin production to reduce costs and environmental impact. For example, the US Mint has been using recycled copper for some coins.
• Expansion Of Product Lines: The industry has been expanding its product lines beyond coins to include other currency-related products such as medals and commemorative items. For example, the US Mint has released a series of medals to honor American military heroes.
• Collaboration with Other Industries: The industry has been collaborating with other industries to create new products and expand its customer base. For example, the US Mint has partnered with the National Baseball Hall of Fame to create a coin series featuring baseball legends.