US Mint Coin Production in May; Franklin D. Roosevelt $1 Mintages

by Mike Unser on June 17, 2014 · 6 comments

Franklin D. Roosevelt Presidential $1 Coin

US Mint circulating coin production figures for May offer mintages for the Franklin D. Roosevelt Presidential $1 Coin

For a third month in a row and for the fourth time this year, circulating coin production in the United States topped 1 billion coins, U.S. Mint data for May shows.

Also revealed were mintages for the Franklin D. Roosevelt $1, the last of this year’s four Presidential $1 Coins.

U.S. Mint coining presses struck 1,326,800,000 coins for circulation in May, marking a 31.6% increase from April and a 22.4% increase from May 2013. Last month ranks second busiest for the United States Mint through the last 12 months, standing behind January 2014 when more coins were struck than in any month since 2007.

2013 – 2014 May Coin Production Figures

Month Mintages Rank
May 2014 1,326.80 M 2
April 2014 1,007.96 M 9
March 2014 1,025.40 M 8
February 2014 939.04 M 11
January 2014 1,449.38 M 1
December 2013 285.96 M 13
November 2013 991.14 M 10
October 2013 1,220.38 M 4
September 2013 1,099.34 M 5
August 2013 724.91 M 12
July 2013 1,225.96 M 3
June 2013 1,070.12 M 7
May 2013 1,084.36 M 6

 

As an always provided backdrop in our monthly coin production reports, the U.S. Mint does not decide how many coins to make for circulation. It’s the Federal Reserve that orders them from the Mint based on usage trends and coinage requests from financial institutions around the country.

Lincoln cents are always the most ordered denomination for trade and commerce even as it costs the U.S. Mint 1.83 cents to produce and distribute each one. The Mint struck 799.2 million pennies in May, which is 60.2% of all the circulating coins manufactured for the month.

For all coins used every day by Americans and in month-over-month comparisons, May saw:

  • 36.1% more Lincoln cents,
  • 12.2% more Jefferson nickels,
  • 46.1% more Roosevelt dimes, and
  • 10.9% more America the Beautiful Quarters

Presidential $1 Coins, Native American $1 Coins and Kennedy half-dollars are no longer ordered by Federal Reserve Banks but the U.S. Mint continues to make them in circulating-quality for collectors. In January, the U.S. Mint produced 2014 Native American $1 Coins and 2014 Kennedy halves to the expected amounts needed for the entire year. It continues to strike Presidential $1 Coins to support the four different 2014 designs.

Here is a breakdown for all the circulating-quality coins made by the U.S. Mint in May:

US Mint Circulating Coin Production in May 2014

Denomination Denver Philadelphia Total
Lincoln Cents 364,400,000 434,800,000 799,200,000
Jefferson Nickels 54,480,000 60,480,000 114,960,000
Roosevelt Dimes 127,000,000 128,000,000 255,000,000
2013 ATB Quarters 74,400,000 82,400,000 156,800,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 0 0
Presidential Dollars 840,000 0 840,000
Total 621,120,000 705,680,000 1,326,800,000

 

U.S. Mint facilities in Philadelphia and Denver manufacture all the circulating coinage for commerce. In May, the Philadelphia Mint produced 705.68 million coins and the Denver Mint struck 621.12 million coins.

For the January through May period, the Denver Mint produced 2,901,360,000 coins and the Philadelphia Mint struck 2,847,220,000 coins. That lifts the year-to-date total for both plants to 5,748,580,000 coins for a 8.7% increase over the 5,289,130,000 coins minted through the first five months of 2013.

This next table offers 2014 coin production totals by denomination and by U.S. Mint facility:

YTD 2014 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Pres $1 Total:
Denver 1690.4M 248.4M 497M 442.6M 2.1M 5.6M 15.26M 2901.36M
Philadelphia 1702.4M 262.56M 508M 348.8M 2.5M 3.08M 19.88M 2847.22M
Total 3392.8M 510.96M 1005M 791.4M 4.6M 8.68M 35.14M 5748.58M

 

This year’s monthly average of nearly 1.15 billion coins places 2014 on an annual coin production pace of almost 13.8 billion coins. That would be the highest total since 2007. A tad over 11.9 billion coins were made in 2013.

Mintages of Franklin D. Roosevelt $1 Coins

Franklin D. Roosevelt Presidential $1 Coin mintages are a bit higher than the previous two dollar coins honoring Herbert Hoover and Calvin Coolidge but lower than the first issue of the year depicting Warren G. Harding. Roosevelt $1 mintages total 8.68 million with splits 3.92 million from Denver and 4.76 million from Philadelphia.

It seems totals are unlikely to change from here. If that is the case, 2014 Presidential dollar mintages end at 35.14 million which is 5% higher than last year. So far, just two of this year’s Presidential $1 Coins have been released. Rolls, bags and boxes of Herbert Hoover $1s go on sale next week, June 19, and U.S. Mint products with Franklin D. Roosevelt $1s debut sometime in August.

The following table offers a breakdown of mintages by coin design:

2014 Circulating Coin Production / Mintages by Coin Design

  Denver Philadelphia 2014 Total
Lincoln Cents 1,690,400,000 1,702,400,000 3,392,800,000
Jefferson Nickels 248,400,000 262,560,000 510,960,000
Roosevelt Dimes 497,000,000 508,000,000 1,005,000,000
Great Smoky Mountains Quarter 99,400,000 73,200,000 172,600,000
Shenandoah National Park Quarter 197,800,000 112,800,000 310,600,000
Arches National Park Quarter - - -
Great Sand Dunes Quarter - - -
Everglades National Park Quarter - - -
Kennedy Half Dollars 2,100,000 2,500,000 4,600,000
Native American $1 5,600,000 3,080,000 8,680,000
Warren G. Harding $1 3,780,000 6,160,000 9,940,000
Calvin Coolidge $1 3,780,000 4,480,000 8,260,000
Herbert Hoover $1 3,780,000 4,480,000 8,260,000
Franklin D. Roosevelt $1 3,920,000 4,760,000 8,680,000
Total 2,755,960,000 2,684,420,000 5,440,380,000

 

In comparing totals by coin design from the overall production figures by denomination, there is one difference. Mintages of America the Beautiful Quarters are higher by 308.2 million. These are likely most of the Arches National Park Quarters which just entered circulation on Monday, June 9, 2014.

Coin production figures in this coin news article are based on data aggregated from the U.S. Mint webpage at: http://www.usmint.gov/about_the_mint/?action=coin_production.

{ 6 comments… read them below or add one }

Boz June 17, 2014 at 8:47 am

We have gotten one Olympic and one Chickasaw so far in change this year. Looks like the Shenandoah D will be the new throwaway for the series. All others are apparently being hoarded or never released yet by the fed.

Still no Utah D in circulation of the statehoods. And none of the territories from 09. Once again either still in the vaults or being picked out for the grandkids whitman folders.

Vachon June 17, 2014 at 9:17 am

It’s not the ATB quarters are being withheld or even hoarded, there just aren’t that many of them compared to the total production of clad quarters. Over the entire mintage of the 2010-2013 quarters makes up only 3.7% of the total production from 1965 to present (about 73 billion quarters). That means only about 1 in 27 quarters will be ATB designs and 2013 is almost 2% of that 3.7% total.

ATB designs to date have not even exceeded the first year’s mintage of State Quarters. Working as a cashier, I’ve seen all the designs (though not all the mint varieties), including the 2009 ones. They too had a severe drop in production. Quarters from 2009 to present appear infrequently, but they appear enough to show they are out there.

Boz June 17, 2014 at 11:40 am

That makes sense I guess. I see way more nasty looking 65′s than I do ATB quarters, pretty remarkable since they are almost 50 years old. When you think about it, the mint had to replace the entire national quarter inventory back then.

As we go to more of a cashless economy, one has to contemplate whether even 100 million will seem staggeringly high for future circulatingcoin mintages.

Where do all of thebillions of pennies go, China for conversion into fake Rolex watches and knockoff Morgan dollar planchets?

Vachon June 17, 2014 at 4:04 pm

The standard thing I read about cents is that they have a nearly 100% attrition rate. Most cents are used only once (to make change) and then simply tossed aside in jars for weeks or months at a time before being cashed in for paper money. I’m thinking this has been the case for some time because you never see well-worn Memorial cents despite the oft-cited statistic that coins have a circulating lifetime of about 40 years.

Honestly I think all our denominations suffer from this now which is why even the old quarters from the late 1960s and early 1970s haven’t worn out yet. A consequence of this would be that it would take even longer for the new ATB quarters to get to you since the time between a coin being spent and subsequently respent has increased.

Perhaps it’s a consequence of our money’s loss of purchasing power. Coins are just not worth the effort of spending so they just sit around until their aggregate value is worth doing something about. I would imagine if dimes and quarters were worth like $2 and $5 respectively, people would make the effort to circulate them.

Joe A. June 18, 2014 at 7:26 am

The charts provide information that can be useful in what to collect & are easy to read. Thanks for this chart & for the charts that you will make available in the future. THANKS, Joe R. Alvarado

Munzen June 20, 2014 at 8:31 pm

Another reason that older dimes and quarters haven’t worn out is simply that cupronickel is a lot more durable than coin silver. I was a kid (and budding collector) when silver production ended, and even then the Mint was forecasting that clad coins would have a much longer lifespan. I’m only now starting to see a level of wear, mostly on ’65-’70 dates, that would have been common on silver coins after just a couple of decades.

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