US Mint Coin Production in May; Cumberland Gap Quarter Mintages Revealed

by Mike Unser on June 20, 2016 · 0 comments

2016 Cumberland Gap National Historical Park Quarters

The U.S. Mint produced 438.6 million quarters that depict Cumberland Gap National Historical Park

Production of American coins for circulation picked up in May, according to the latest United States Mint figures.

The data also shows mintages for Kentucky’s Cumberland Gap National Historical Park quarter, the second of this year’s five differently designed America the Beautiful Quarters.

Overall, coining presses in May struck more than 1.55 billion in cents, nickels, dimes, and quarters to log increases of 15.8% from April and 6.2% from the same month a year earlier.

The following table shows circulating coin totals by month and their rankings over the past year.

2015 – 2016 May Coin Production Figures

Month Mintages Rank
May 2016 1,550.12 M 4
April 2016 1,339.06 M 9
March 2016 1,446.14 M 8
February 2016 930.26 M 12
January 2016 1,515.84 M 5
December 2015 707.79 M 13
November 2015 1,245.73 M 10
October 2015 1,757.64 M 1
September 2015 1,476.37 M 6
August 2015 1,142.46 M 11
July 2015 1,665.76 M 3
June 2015 1,673.95 M 2
May 2015 1,459.86 M 7

 

According to the U.S. Mint’s most recent annual report, the agency spends 1.43 cents to produce and distribute each Lincoln cent. Despite that, the Federal Reserve always orders more of them than any other denomination. In May, the U.S. Mint made 836.8 million in cents, which is 54% of the circulating-quality coins produced for the month.

In the latest month-over month comparisons for coins used daily by Americans, production totals advanced:

  • 11% for Lincoln cents,
  • 18.6% for Jefferson nickels,
  • 21.8% for Roosevelt dimes, and
  • 25.1% for America the Beautiful Quarters.

As for other denominations, 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 U.S. Mint struck Native American $1 Coins to the expected amounts needed for all of 2016. That is usually how it works for Kennedy half-dollars but in February another 400,000 were pressed at the Philadelphia Mint and then in March another 400,000 were made at the Denver Mint. In April, the Mint stopped making Presidential $1 Coins with the last ones featuring Ronald Reagan.

Here’s a summary of all circulating-quality coins produced last month:

US Mint Circulating Coin Production in May 2016

Denomination Denver Philadelphia Total
Lincoln Cents 404,000,000 432,800,000 836,800,000
Jefferson Nickels 91,200,000 83,520,000 174,720,000
Roosevelt Dimes 137,500,000 153,500,000 291,000,000
2016 ATB Quarters 118,000,000 129,600,000 247,600,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 0 0
Presidential Dollars 0 0 0
Total 750,700,000 799,420,000 1,550,120,000

 

U.S. Mint facilities in Denver and Philadelphia are responsible for manufacturing all of America’s coins for commerce. In May, the Denver Mint produced 750.7 million coins and the Philadelphia Mint produced 799.42 million coins.

Through the first five months of 2016, the Denver Mint made 3,308,900,000 coins and the Philadelphia Mint made 3,472,520,000 coins for a combined 6,781,420,000 coins. The figure marks a 8.1% decline from the 7,377,000,000 coins minted during the same period in 2015.

This next table lists 2016 coin production totals by denomination and by U.S. Mint facility:

YTD 2016 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Pres $1 Total:
Denver 1938.8M 339.84M 576M 436.2M 2.1M 2.1M 13.86M 3308.9M
Philadelphia 2033.2M 343.68M 620M 453.8M 2.1M 2.8M 16.94M 3472.52M
Total 3972M 683.52M 1196M 890M 4.2M 4.9M 30.8M 6781.42M

 

This year’s monthly average of about 1.3 billion coins tracks over 12 months to roughly 16.3 billion coins, which would end up lower than last year. In 2015, the U.S. Mint struck more than 17 billion circulating coins for a sixth straight year of growth and the quickest production pace since the 2001.

2016 Cumberland Gap Quarter Mintages

Mintages of Cumberland Gap quarters are 223.2 million from Denver and 215.4 million from Philadelphia for a combined 438.6 million.

The amount is 131.2 million higher than the previous release depicting Shawnee National Forest in Illinois, and ranks 8th highest of the 33 quarters issued since the series kicked off in 2010. The U.S. Mint started selling Cumberland Gap quarters on April 4.

The following table breaks down this year’s mintages by coin design:

2016 Circulating Coin Production by Design

  Denver Philadelphia Total
Lincoln Cents 1,938,800,000 2,033,200,000 3,972,000,000
Jefferson Nickels 339,840,000 343,680,000 683,520,000
Roosevelt Dimes 576,000,000 620,000,000 1,196,000,000
Shawnee National Forest Quarter 151,800,000 155,600,000 307,400,000
Cumberland Gap National Historical Park Quarter 223,200,000 215,400,000 438,600,000
Harpers Ferry National Historical Park Quarter
Theodore Roosevelt National Park Quarter
Fort Moultrie Quarter
Kennedy Half Dollars 2,100,000 2,100,000 4,200,000
Native American $1 2,100,000 2,800,000 4,900,000
Richard M. Nixon $1 4,340,000 5,460,000 9,800,000
Gerald R. Ford $1 5,040,000 5,460,000 10,500,000
Ronald Reagan $1 4,480,000 6,020,000 10,500,000
Total 3,247,700,000 3,389,720,000 6,637,420,000

 

There are 144 million in quarters that the U.S. Mint hasn’t officially assigned to a design yet. They’re actually quarters featuring West Virginia’s Harpers Ferry National Historical Park, and they’re still being produced. The Mint started selling rolls and bags of Harpers Ferry quarters on June 6. Their finalized mintages should be available by July or August.

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

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