Department of the Treasury

US Mint

FY 2024

Capital Investment Plan
2

Major Non-IT Investments.................................................................................................. 3

Mint Manufacturing Equipment Improvement and Replacement (Denver)................................ 3

Mint Manufacturing Equipment Improvement and Replacement - (Philadelphia) ..................... 4
3 

Note to Reviewers: Consistent with the corresponding Summary of Capital 

Investments table, the columns included in the investment tables below are defined 

as: 

• FY 2022 Actuals -Total actual obligations 

• FY 2023 Estimated Obligations - Anticipated obligation from all budgetary 

resources (i.e., balances from prior years, user fees, and FY 2023 Operating Plan 

levels). 

• FY 2024 President's Budget – Requested level reflecting the President’s 

FY 2024 budget submission

Major Non-IT Investments

Mint Manufacturing Equipment Improvement and Replacement (Denver) 

Description:

The manufacturing equipment improvement and replacement capital projects focus on improving and 

acquiring the necessary equipment at the Denver Mint production facility. 

Investment Obligations: (In Millions of $):

Type FY 2022 

Actual

FY2023 

Estimated 

Obligations

FY2024 

President's 

Budget

Change in 

$ % Change

Sub -Total DME Obligations (Including 

Internal labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Sub -Total O&M Obligations (Including 

Internal Labor (Govt. FTE)) 12.16 15.79 15.79 0.00 0.00%

Total Obligations 12.16 15.79 15.79 0.00 0.00%

Purpose, Accomplishments, Future Objectives:

The manufacturing equipment improvement and replacement capital projects focus on maintaining and 

improving the necessary equipment at the United States Mint facilities. The primary goals of these 

projects are to improve or replace either outdated or damaged equipment that is used during the coin 

production process. These projects include, but are not limited to, the replacement of circulating 

presses, circulating annealing furnace replacement, electrical discharge machine replacement and other 

equipment essential to the coin production process. The anticipated benefits are: 1) continuity of the 

production process at all facilities; 2) increased cost savings and efficiencies over time; 3) adequate 

production of products for the circulating and numismatic programs. 

The investment in the Mint's manufacturing equipment improvement and replacement has been 

sufficient to allow the Mint to meet demand for circulating coinage and numismatic products and to 

meet its strategic goals for coin production. The Mint will continue to invest in projects that meet its 

capital needs and support the coin production process.
4 

Mint Manufacturing Equipment Improvement and Replacement - (Philadelphia) 

Description:

The manufacturing equipment improvement and replacement capital projects focus on improving and 

acquiring the necessary equipment at the Philadelphia Mint production facility. 

Investment Obligations: (In Millions of $):

Type FY 2022 

Actual

FY2023 

Estimated 

Obligations

FY2024 

President's 

Budget

Change in 

$ % Change

Sub -Total DME Obligations (Including 

Internal labor (Govt. FTE)) 0.00 0.00 0.00 0.00 0.00%

Sub -Total O&M Obligations (Including 

Internal Labor (Govt. FTE)) 17.02 20.81 20.81 0.00 0.00%

Total Obligations 17.02 20.81 20.81 0.00 0.00%

Purpose, Accomplishments, Future Objectives:

The manufacturing equipment improvement and replacement capital projects focus on maintaining and 

improving the necessary equipment at the United States Mint facilities. The primary goals of these 

projects are to improve or replace either outdated or damaged equipment that is used during the coin 

production process. These projects include but are not limited to the replacement of circulating presses, 

air compressor replacement, coil handling equipment replacement, upset mills replacement, 

numismatic coating system replacement and other equipment essential to the coin production process. 

The anticipated benefits are: 1) continuity of the production process at all facilities; 2) increased cost 

savings and efficiencies over time; 3) adequate production of products for the circulating and 

numismatic programs.

The investment in the Mint's manufacturing equipment improvement and replacement has been 

sufficient to allow the Mint to meet demand for circulating coinage and numismatic products and to 

meet its strategic goals for coin production. The Mint will continue to invest in projects that meet its 

capital needs and support the coin production process.