US Mint Coin Production in July Passes 1.3B for Top Month

by Mike Unser on August 11, 2014 · 1 comment

Lincoln cents

The U.S. Mint struck 770 million Lincoln cents last month

United States Mint facilities in Philadelphia and Denver manufactured more coins in July than in any month since January, which was busier than any since 2007.

U.S. Mint coining presses last month hammered out over 1.3 billion in pennies, nickels, dimes and quarters — up 4% from June and 8.6% higher than the same period last year. Over one billion coins in a month haven’t been common until recently, seen in 6 of the 7 months this year; 7 times last year; 1 time in 2012; and not at all in years 2011, 2010 and 2009.

2013 – 2014 July Coin Production Figures

Month Mintages Rank
July 2014 1,331.34 M 2
June 2014 1,279.82 M 4
May 2014 1,326.80 M 3
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 6
September 2013 1,099.34 M 7
August 2013 724.91 M 12
July 2013 1,225.96 M 5

 

In case you’ve missed our monthly coin production articles, we always like to include this reminder:

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.

Also very familiar to readers, Lincoln cents are always the most ordered denomination for trade and commerce even though it costs the United States Mint about 1.8 cents to strike and distribute each one. The Mint made 770 million pennies in July, representing 57.8% of all the circulating coins produced for the month. That’s a tad lower than most months when the mark is closer to 60%.

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

  • 10.9% fewer Lincoln cents,
  • 5.3% more Jefferson nickels,
  • 105.7% more Roosevelt dimes, and
  • 10.5% 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 coin collectors. In January, the Mint produced 2014 Native American $1 Coins and 2014 Kennedy half-dollars to the expected amounts needed for the entire year. Presidential $1 Coins were last struck in May, and it seems enough are now in inventory to support demand across the four 2014 designs.

In July, the Denver Mint struck 647.94 million coins and the Philadelphia Mint produced 683.4 million coins. Here is a breakdown for all the circulating-quality coins made by the U.S. Mint last month:

US Mint Circulating Coin Production in July 2014

Denomination Denver Philadelphia Total
Lincoln Cents 376,400,000 393,600,000 770,000,000
Jefferson Nickels 68,640,000 66,000,000 134,640,000
Roosevelt Dimes 112,500,000 123,000,000 235,500,000
2013 ATB Quarters 90,400,000 100,800,000 191,200,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 0 0
Presidential Dollars 0 0 0
Total 647,940,000 683,400,000 1,331,340,000

 

For the January through July period, the Philadelphia Mint manufactured 4,046,920,000 coins and the Denver Mint produced 4,312,820,000 coins. Combined, the two facilities churned out 8,359,740,000 coins for a 10.2% increase over the 7,585,210,000 coins minted through the first seven 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 2582M 375.36M 693.5M 639M 2.1M 5.6M 15.26M 4312.82M
Philadelphia 2445.2M 398.16M 661.5M 516.6M 2.5M 3.08M 19.88M 4046.92M
Total 5027.2M 773.52M 1355M 1155.6M 4.6M 8.68M 35.14M 8359.74M

 

This year’s monthly average of nearly 1.2 billion coins places 2014 on an annual coin production pace of over 14.3 billion coins. That would be the highest total since 2007. Just over 11.9 billion coins were made in 2013.

Last month was without new revelations when it comes to final mintages by coin design. The following table offers a breakdown of mintages across designs:

2014 Circulating Coin Production / Mintages by Coin Design

  Denver Philadelphia 2014 Total
Lincoln Cents 2,582,000,000 2,445,200,000 5,027,200,000
Jefferson Nickels 375,360,000 398,160,000 773,520,000
Roosevelt Dimes 693,500,000 661,500,000 1,355,000,000
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 251,400,000 214,200,000 465,600,000
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 4,222,420,000 3,930,520,000 8,152,940,000

 

Great Sands Dunes National Park Quarters have been under production for at least two months. The Mint hasn’t stated its mintage but there are 206.8 million of them so far, based on comparing totals by coin design from those by coin denomination. Great Sands Dunes Quarters will enter circulating beginning on Aug. 25, 2014.

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

{ 1 comment… read it below or add one }

Boz August 11, 2014 at 9:13 am

Better get busy on the dunes and everglades or they will end up being the poor orphan stepchildren like the first spouses and the 5 oz.

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