US Mint Coin Production in March Tops 1.4 Billion

by Mike Unser on April 14, 2015 · 1 comment

Pile of 2015 Native American $1 Coins

The U.S. Mint produced more than 1.4 billion coins last month, including more 2015 Native American $1 Coins

Demand is on the rise for American coins, new production figures from the United States Mint show. Manufacturing plants in Philadelphia and Denver pressed more than 1.4 billion coins for circulation in March, the third highest monthly total in 8 years and only behind the last two January’s when the production pace surged to get newly dated coins out the door.

For the first quarter and year-to-date, U.S. minting facilities struck 4,220,580,000 circulating-quality coins — the quickest quarterly start since before 2008.

In March, coining presses kicked out 1,403,440,000 in pennies, nickels, dimes, quarters and dollars. The figure is somewhat surprising since March tends to be among the slower coin production periods, ranking sixth, tenth, eighth, and eleventh against the other months in years 2014, 2013, 2012, and 2011.

In more recent comparisons, the pace was 9.8% quicker than in February and 36.9% faster than March 2014. Here’s how the month stacks up against others in the past year.

2014 – 2015 March Coin Production Figures

Month Mintages Rank
March 2015 1,403.44M 2
February 2015 1,277.96M 5
January 2015 1,539.15 M 1
December 2014 878.84M 12
November 2014 958.78 M 10
October 2014 1,168.78 M 6
September 2014 1,004.24 M 9
August 2014 913.38 M 11
July 2014 1,331.34 M 3
June 2014 1,279.82 M 4
May 2014 1,326.80 M 2
April 2014 1,007.96 M 8
March 2014 1,025.40 M 7

 

Coin usage in the United States is monitored by the Federal Reserve. The U.S. Mint takes orders by denomination from the Fed and then makes and delivers them to Federal Reserve Banks for distribution throughout the nation.

Demand for pennies is always the greatest. We love pennies even as it costs about 1.7 cents to produce and distribute each one. The Mint turned out 792.8 million Lincoln cents in March for 56.5% of all the circulating-quality coins produced for the month. Yet, and for a third straight month, that’s down from the more typical level of above 60%.

In month-over-month production comparisons for coins used every day by Americans:

  • Lincoln cents advanced 8.9%.
  • Jefferson nickels surged 21.4%.
  • Roosevelt dimes rose 6.4%.
  • America the Beautiful Quarters advanced 10.2%.

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.

In January, the U.S. Mint produced 2015 Kennedy halves to the expected amounts needed for the entire year. That is typically how it works for Native American $1 Coins as well, but in March the Mint found the need to make another 140,000. Also, the agency continued to strike Presidential $1 Coins to support the four different 2015 designs. Here’s a summary of all the circulating-quality coins made last month:

US Mint Circulating Coin Production in March 2015

Denomination Denver Philadelphia Total
Lincoln Cents 420,000,000 372,800,000 792,800,000
Jefferson Nickels 70,800,000 62,400,000 133,200,000
Roosevelt Dimes 127,000,000 122,000,000 249,000,000
2015 ATB Quarters 115,800,000 103,400,000 219,200,000
Kennedy Half Dollars 0 0 0
Native American $1s 140,000 0 140,000
Presidential Dollars 4,200,000 4,900,000 9,100,000
Total 737,940,000 665,500,000 1,403,440,000

 

U.S. Mint facilities in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Denver Mint struck 737.94 million coins and the Philadelphia Mint produced 665.5 million coins.

For the quarterly period, the Denver Mint made 2,164,520,000 coins and the Philadelphia Mint struck 2,056,060,000 coins. That brings the first quarter tally for both plants to 4,220,580,000 coins for a 23.6% increase over the 3,413,820,000 coins minted during the first three months of last year. This next table lists year-to-date coin totals by denomination:

YTD 2015 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Pres $1 Total:
Denver 1094.4M 238.56M 350.5M 465.6M 2.3M 2.24M 10.92M 2164.52M
Philadelphia 1092.8M 171.6M 344.5M 421.2M 2.3M 2.8M 20.86M 2056.06M
Total 2187.2M 410.16M 695M 886.8M 4.6M 5.04M 31.78M 4220.58M

 

The latest 2015 monthly average of more than 1.4 billion coins is poised to place this year’s annual coin production total at above 16.8 billion. Such a level has not been reached since 2001 when the Mint pressed over 19.4 billion coins. Last year, the U.S. Mint produced a touch more than 13.28 billion circulating coins, the most since 2007 when 14.4 billion were made.

Coin Design Mintages

Aside from 140,000 new 2015 Native American dollars and 140,000 more 2015 Truman dollars — both logged as Philadelphia Mint increases, no new mintage levels have been uncovered for 2015 coins featuring one-year only designs. The following table offers a breakdown of this year’s mintages by design:

2015 Circulating Coin Production by Design

  Denver Philadelphia 2014 Total
Lincoln Cents 1,094,400,000 1,092,800,000 2,187,200,000
Jefferson Nickels 238,560,000 171,600,000 410,160,000
Roosevelt Dimes 350,500,000 344,500,000 695,000,000
Homestead National Monument of America Quarter 248,600,000 214,400,000 463,000,000
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 2,240,000 2,800,000 5,040,000
Harry S. Truman $1 3,500,000 4,900,000 8,400,000
Dwight D. Eisenhower $1 3,360,000 4,900,000 8,260,000
John F. Kennedy $1
Lyndon B. Johnson $1
Total 1,943,460,000 1,838,200,000 3,781,660,000

 

In subtracting the totals by coin design from the overall production figures by denomination, two differences are found:

  • America the Beautiful Quarter mintages are higher by 423.8 million. These are a portion of the Kisatchie National Forest Quarters for Louisiana. The quarter entered circulation on April 13 with an official launch ceremony scheduled for April 22. The U.S. Mint will begin selling rolls and bags of the quarters on April 20.

  • Presidential $1 Coin mintages are higher by 15.12 million. This amount represents a portion of the 2015 John F. Kennedy $1’s. The Mint will release JFK dollars in June.

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 }

Jeff April 14, 2015 at 11:37 pm

140,000 Denver Sacabucks for an unannounced 2015 Enhanced Uncirculated Coin and Currency set? Hey, if it worked last year, why not again this year?

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