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
|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
|2013 ATB Quarters||74,400,000||82,400,000||156,800,000|
|Kennedy Half Dollars||0||0||0|
|Native American $1s||0||0||0|
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:|
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
|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|
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.