Introduces Legislation to Authorize Coin Honoring the San Francisco
D.C. -- House Democratic Leader Nancy Pelosi this week introduced
the San Francisco Old Mint Commemorative Coin Act
(H.R.4249) to authorize the issuance of commemorative coins in 2007
honoring the San Francisco Old Mint, the Citys oldest stone
structure. This would be the first commemorative coin to honor a
United States mint.
Old Mint is a treasured San Francisco landmark, Pelosi said.
This legislation will honor the Old Mints significance
to California and the history of the United States, and its vital
role in rebuilding San Francisco after the 1906 earthquake and fire.
The San Francisco
Old Mint, known affectionately as the Granite Lady,
was established by Congress in 1852 to convert miners gold
from the California gold rush into coins. The building was designed
by architect A.B. Mullett, who also designed the United States Treasury
Building and the Old Executive Office Building in Washington, D.C.
The solid construction enabled it to survive the 1906 San Francisco
earthquake and fire, making it the only financial institution that
was able to operate immediately after the earthquake, serving as
the treasury for disaster relief funds for the city of San Francisco.
The San Francisco
Old Mint is famous for having struck many rare, legendary issues,
such as the 1870-S $3 coin, which is valued today at well more than
$1 million, and the 1894-S dime. Coins struck at the San Francisco
Old Mint are distinguished by the S mint mark.
the issuance will support the San Francisco Museum and Historical
Societys rehabilitation of the San Francisco Old Mint. The
project includes a 40,000-square foot San Francisco History Museum,
a 10,000-square foot Coin and Gold Rush Museum, the City's official
visitor center, a restaurant, shops, Museum offices, and an education
center. The building will open in early 2007.