diff --git a/wallet/README.md b/wallet/README.md
index d12ace1af..16db6e8e3 100644
--- a/wallet/README.md
+++ b/wallet/README.md
@@ -218,6 +218,27 @@ Balance Summary
 total      : 80
 ```
 
+It is possible to create new coins using the wallet. Let's explore how to do it.
+
+### Minting coins
+
+We can optionally pass the amount and public key of the owner as arguments to mint_coins.
+If optional arguments are not passed below are the default values:
+Amount is `100` and Public key of owner is Shawn key.
+
+```sh
+$ tuxedo-template-wallet mint-coins \
+ --owner 0xdeba7f5d5088cda3e32ccaf479056dd934d87fa8129987ca6db57c122bd73341 \
+ --amount 200 \
+
+[2024-01-18T14:22:19Z INFO  tuxedo_template_wallet] Number of blocks in the db: 6
+[2024-01-18T14:22:19Z INFO  tuxedo_template_wallet] Wallet database synchronized with node to height 14
+[2024-01-18T14:22:19Z INFO  tuxedo_template_wallet::money] Node's response to mint-coin transaction: Ok("0xaff830b7755fee67c288afe18dfa6eabffe06286005b0fd6cb8e57b246c08df6")
+Created "f76373909591d85f796c36ed4b265e46efabdf5b5c493b94246d590823cc42a500000000" worth 200. owned by 0xdeba…3341
+```
+It is possible to verify a newly minted coin exists in both chain storage and the local database using verify-coin command.
+
+
 ### Manually Selecting Inputs
 
 So far, we have let the wallet select which inputs to spend on our behalf.
diff --git a/wallet/src/cli.rs b/wallet/src/cli.rs
index 143243c3f..df3afa227 100644
--- a/wallet/src/cli.rs
+++ b/wallet/src/cli.rs
@@ -10,6 +10,9 @@ use tuxedo_core::types::OutputRef;
 
 use crate::{h256_from_string, keystore::SHAWN_PUB_KEY, output_ref_from_string, DEFAULT_ENDPOINT};
 
+/// The default number of coins to be minted.
+pub const DEFAULT_MINT_VALUE: &str = "100";
+
 /// The wallet's main CLI struct
 #[derive(Debug, Parser)]
 #[command(about, version)]
@@ -47,6 +50,12 @@ pub enum Command {
     /// Demonstrate creating an amoeba and performing mitosis on it.
     AmoebaDemo,
 
+    /// Mint coins , optionally amount and publicKey of owner can be passed
+    /// if amount is not passed , 100 coins are minted
+    /// If publickKey of owner is not passed , then by default SHAWN_PUB_KEY is used.
+    #[command(verbatim_doc_comment)]
+    MintCoins(MintCoinArgs),
+
     /// Verify that a particular coin exists.
     /// Show its value and owner from both chain storage and the local database.
     #[command(verbatim_doc_comment)]
@@ -103,6 +112,19 @@ pub enum Command {
     ShowTimestamp,
 }
 
+#[derive(Debug, Args)]
+pub struct MintCoinArgs {
+    /// Pass the amount to be minted.
+    #[arg(long, short, verbatim_doc_comment, action = Append,default_value = DEFAULT_MINT_VALUE)]
+    pub amount: u128,
+
+    // https://docs.rs/clap/latest/clap/_derive/_cookbook/typed_derive/index.html
+    // shows how to specify a custom parsing function
+    /// Hex encoded address (sr25519 pubkey) of the owner.
+    #[arg(long, short, verbatim_doc_comment, value_parser = h256_from_string, default_value = SHAWN_PUB_KEY)]
+    pub owner: H256,
+}
+
 #[derive(Debug, Args)]
 pub struct SpendArgs {
     /// An input to be consumed by this transaction. This argument may be specified multiple times.
diff --git a/wallet/src/main.rs b/wallet/src/main.rs
index 044c4dddc..5cf962bab 100644
--- a/wallet/src/main.rs
+++ b/wallet/src/main.rs
@@ -99,6 +99,7 @@ async fn main() -> anyhow::Result<()> {
     match cli.command {
         Some(Command::AmoebaDemo) => amoeba::amoeba_demo(&client).await,
         // Command::MultiSigDemo => multi_sig::multi_sig_demo(&client).await,
+        Some(Command::MintCoins(args)) => money::mint_coins(&client, args).await,
         Some(Command::VerifyCoin { output_ref }) => {
             println!("Details of coin {}:", hex::encode(output_ref.encode()));
 
diff --git a/wallet/src/money.rs b/wallet/src/money.rs
index 7b0558034..df983221b 100644
--- a/wallet/src/money.rs
+++ b/wallet/src/money.rs
@@ -1,6 +1,6 @@
 //! Wallet features related to spending money and checking balances.
 
-use crate::{cli::SpendArgs, rpc::fetch_storage, sync};
+use crate::{cli::MintCoinArgs, cli::SpendArgs, rpc::fetch_storage, sync};
 
 use anyhow::anyhow;
 use jsonrpsee::{core::client::ClientT, http_client::HttpClient, rpc_params};
@@ -18,6 +18,47 @@ use tuxedo_core::{
     verifier::Sr25519Signature,
 };
 
+/// Create and send a transaction that mints the coins on the network
+pub async fn mint_coins(client: &HttpClient, args: MintCoinArgs) -> anyhow::Result<()> {
+    log::debug!("The args are:: {:?}", args);
+
+    let transaction = Transaction {
+        inputs: Vec::new(),
+        peeks: Vec::new(),
+        outputs: vec![(
+            Coin::<0>::new(args.amount),
+            OuterVerifier::Sr25519Signature(Sr25519Signature {
+                owner_pubkey: args.owner,
+            }),
+        )
+            .into()],
+        checker: OuterConstraintChecker::Money(MoneyConstraintChecker::Mint),
+    };
+
+    let spawn_hex = hex::encode(transaction.encode());
+    let params = rpc_params![spawn_hex];
+    let _spawn_response: Result<String, _> = client.request("author_submitExtrinsic", params).await;
+
+    log::info!(
+        "Node's response to mint-coin transaction: {:?}",
+        _spawn_response
+    );
+
+    let minted_coin_ref = OutputRef {
+        tx_hash: <BlakeTwo256 as Hash>::hash_of(&transaction.encode()),
+        index: 0,
+    };
+    let output = &transaction.outputs[0];
+    let amount = output.payload.extract::<Coin<0>>()?.0;
+    print!(
+        "Minted {:?} worth {amount}. ",
+        hex::encode(minted_coin_ref.encode())
+    );
+    crate::pretty_print_verifier(&output.verifier);
+
+    Ok(())
+}
+
 /// Create and send a transaction that spends coins on the network
 pub async fn spend_coins(
     db: &Db,