US Mint Coin Production in January Exceeds 1.5 Billion

by Mike Unser on February 19, 2015 · 1 comment

2015 Kennedy Half-dollar and Native Amercain $1 Coin

Production of newly dated Kennedy halves and Native American dollars often ends in January

United States Mint production facilities in Philadelphia and Denver struck more coins last month than in any since 2007.

New U.S. Mint figures for January also show a strong 2015 start for nickel and quarter production and probable ending mintages for 2015 Kennedy half-dollars and 2015 Native American $1 Coins.

Coining presses pounded out more than 1.5 billion coins last month, marking increases of 75.1% from December and 6.2% from a year ago. That said, December is traditionally a very soft production time as the U.S. Mint shifts gears for the coming year and, conversely, January is normally a top production month.

The following table offers monthly circulating coin production totals and their rankings over the past year.

2014 – 2015 January Coin Production Figures

Month Mintages Rank
January 2015 1,539.15 M 1
December 2014 878.84M 12
November 2014 958.78 M 9
October 2014 1,168.78 M 5
September 2014 1,004.24 M 8
August 2014 913.38 M 11
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 7
March 2014 1,025.40 M 6
February 2014 939.04 M 10
January 2014 1,449.38 M 2

 

In a quick FYI, coin usage in the United States is monitored by the Federal Reserve. The U.S. Mint accepts coinage orders from the Fed, strikes coins and then delivers them to Federal Reserve Banks for distribution throughout the nation.

Never missing a beat, the demand for pennies is by far the highest among denominations. We love our pennies, even though it costs the U.S Mint 1.7 cents to produce and distribute each one. The agency struck 666.4 million Lincoln cents in January, which is 43.3% of all the circulating-quality coins made for the month. That’s actually lower than normal, with the typical monthly tally more around the 60% level.

It’s also much lower than a year ago. In year-over-year comparisons for coins used daily by Americans, production totals:

  • Tumbled 21% for Lincoln cents,
  • Surged 42% for Jefferson nickels,
  • Fell 13.1% for Roosevelt dimes, and
  • Soared 116.1% for 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 Mint continues to strike them in circulating-quality for coin collectors. More about those later…

Here is a break down for all circulating-quality coins made by the U.S. Mint in January:

US Mint Circulating Coin Production in January 2015

Denomination Denver Philadelphia Total
Lincoln Cents 314,000,000 352,400,000 666,400,000
Jefferson Nickels 108,000,000 59,280,000 167,280,000
Roosevelt Dimes 107,000,000 105,000,000 212,000,000
2015 ATB Quarters 248,600,000 220,000,000 468,600,000
Kennedy Half Dollars 2,300,000 2,300,000 4,600,000
Native American $1s 2,100,000 2,240,000 4,340,000
Presidential Dollars 6,720,000 9,240,000 15,960,000
Total 788,720,000 750,460,000 1,539,180,000

 

Last month, the Philadelphia Mint struck 750.46 million coins and the Denver Mint produced 788.72 million coins.

While unlikely, especially with typically low December totals and other monthly fluctuations mixed in, if the current production pace stretched through to the end of this year, 2015 annual mintages would top 18.47 billion coins. Such a level has not been recorded since over 19.4 billion coins were minted for circulation in 2001. Last year, the U.S. Mint produced 13.28 billion circulating coins, the most since 14.4 billion coins were made in 2007.

This next table offers production totals by coin design. Most columns remain empty as the U.S. Mint is yet to declare any mintages for 2015 Presidential $1 Coins and 2015 America the Beautiful Quarters. The agency did introduced Harry S. Truman dollars on Feb. 5. Also, rolls and bags of Homestead National Monument of America Quarters for Nebraska have a release date of Feb. 24. Homestead quarters debuted ceremoniously last week.

2015 Circulating Coin Production by Design

  Denver Philadelphia 2014 Total
Lincoln Cents 314,000,000 352,400,000 666,400,000
Jefferson Nickels 108,000,000 59,280,000 167,280,000
Roosevelt Dimes 107,000,000 105,000,000 212,000,000
Homestead National Monument of America Quarter
Kisatchie National Forest Quarter
Blue Ridge Parkway Quarter
Bombay Hook National Wildlife Refuge Quarter
Saratoga National Historical Park Quarter
Kennedy Half Dollars 2,300,000 2,300,000 4,600,000
Native American $1 2,100,000 2,240,000 4,340,000
Harry S. Truman $1
Dwight D. Eisenhower $1
John F. Kennedy $1
Lyndon B. Johnson $1
Total 533,400,000 521,220,000 1,054,620,000

 

Mentioned earlier, mintages are likely finalized for 2015 Kennedy half-dollar and 2015 Native American $1 Coins. In January, the U.S. Mint tends to strike the expected amounts needed for the entire year. Sharper-than-normal demand from collectors can change that, but that’s a rarity.

Last year, totals for the two coins remained unchanged from January with 4.6 million in 2014 Kennedy half-dollars and 8.68 million in 2014 Native American $1 Coins. While this year’s Kennedy mintage matches last year, the 2015 Native American dollar mintage is half that of 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=ProductionFigures.

{ 1 comment… read it below or add one }

steve March 5, 2015 at 10:33 am

why can’t you buy pennies from philly or denver mints (new) pennies?

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