NAICS Code 921130-04 - Mints (Coin Minting)

Marketing Level - NAICS 8-Digit

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NAICS Code 921130-04 Description (8-Digit)

Mints (Coin Minting) is a subdivision of the Public Finance Activities industry that involves the production of coins for circulation or commemorative purposes. This industry is responsible for creating the physical currency used in a country's economy. Mints (Coin Minting) can be operated by government entities or private companies, and the coins produced can be made from various metals such as copper, nickel, silver, and gold.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 921130 page

Tools

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

Industry Examples of Mints (Coin Minting)

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

History

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.