Monnaie de Paris (Paris Mint) is the French oldest institution. Founded by Charles II "the Bald" in the 9th Century, it has gone through every period in French history. Since 1973, Monnaie de Paris has divided its activities between two sites: the historic Quai de Conti site, where medals and coins made of precious metals are minted, and the Pessac factory, where legal currency is made at the rate of 9 million coins a day.