US Mint Coin Production Nears 960 Million in April

by Mike Unser on May 22, 2017 · 1 comment

US coinage

The U.S. Mint produced 959.54 million coins for circulation in April

U.S. coin production slowed to a four-month low in April, according to the latest round of manufacturing figures from the United States Mint. Nearly 960 million across cents, nickels, dimes, quarters, and dollars were pressed for the month.

In headline comparisons, the level marks declines of 33.6% from March and 28.3% from April 2016. Here’s how the month stacks up against others in the past year:

2016 – 2017 April Coin Production Figures

Month Mintages Rank
April 2017 959.54 M 12
March 2017 1,445.8 M 6
February 2017 983.40 M 10
January 2017 1,790.30 M 2
December 2016 696.68 M 13
November 2016 976.04 M 11
October 2016 1,297.36 M 9
September 2016 1,573.70 M 4
August 2016 1,302.95 M 8
July 2016 1,807.20 M 1
June 2016 1,582.06 M 3
May 2016 1,550.12 M 5
April 2016 1,339.06 M 7

 

The Federal Reserve orders more 1-cent coins than other denominations even as it costs 1.5 cents to make and distribute each one. The U.S. Mint produced a combined 504 million Lincoln cents in April, representing 52.5% of the circulating-quality coins produced for the month.

P-Mint Cents Change

2017-dated circulating cents from the U.S. Mint facility at Philadelphia include a ‘P’ mint mark for the first time in history. This is a one-year-only embellishment, added as a part of the Mint’s 225th anniversary celebration. These P-cents will be far from rare, though, with a combined 1.458 billion made through the first four months of this year alone.

Month-Over-Month

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

  • 34.6% for Lincoln cents,
  • 33.6% for Jefferson nickels,
  • 33.3% for Roosevelt dimes, and
  • 30.9% for America the Beautiful Quarters.

Native American $1 Coins and Kennedy half-dollars are no longer ordered by Federal Reserve Banks but they are still made in circulating quality for coin collectors. In January, the U.S. Mint tends to strike both coins to expected amounts needed for the entire year. In April, however, the Mint did make 140,000 more 2017-P Native American dollars.

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

US Mint Circulating Coin Production in April 2017

Denomination Denver Philadelphia Total
Lincoln Cents 228,800,000 275,200,000 504,000,000
Jefferson Nickels 46,080,000 39,120,000 85,200,000
Roosevelt Dimes 96,000,000 104,000,000 200,000,000
2016 ATB Quarters 87,800,000 82,400,000 170,200,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 140,000 140,000
Total 458,680,000 500,860,000 959,540,000

 

Production facilities in Denver and Philadelphia strike all of America’s coins for commerce. Last month, the Denver Mint made 458.68 million coins and the Philadelphia Mint produced 500.86 million coins.

Through the first four months of this year, the Denver Mint struck 2,544,060,000 coins and the Philadelphia Mint made 2,634,980,000 coins. That lifted their combined year to date total to 5,179,040,000 coins, which is a 1% decrease from the 5,231,300,000 coins minted during the same period in 2016.

This next table lists 2017 coin production totals by denomination and by U.S. Mint facility:

YTD 2017 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Total:
Denver 1427.2M 244.32M 487M 382.2M 1.8M 1.54M 2544.06M
Philadelphia 1458M 232.56M 514M 426.8M 1.8M 1.82M 2634.98M
Total 2885.2M 476.88M 1001M 809M 3.6M 3.36M 5179.04M

 

The 2017 monthly average of nearly 1.3 billion coins tracks over 12 months to about 15.5 billion coins. Last year, the U.S. Mint made more than 16 billion coins for circulation, registering as the second quickest for a year since 2001 after the more than 17 billion coins were made in 2015 — the most since 2001.

Mintages by Coin Design

To date this year, the U.S. Mint released three coins with one-year-only designs. They include the:

Mintages for the Native American dollar at 1.54 million from Denver and 1.82 million from Philadelphia combine to 3.36 million coins. Last year’s design ended with splits of 2.1 million from Denver and 2.8 million from Philadelphia for 4.90 million coins.

Frederick Douglass quarter mintages should be available by June.

The following table offers a breakdown of this year’s mintages by coin design:

2017 Circulating Coin Production by Design

  Denver Philadelphia Total
Lincoln Cents 1,427,200,000 1,458,000,000 2,885,200,000
Jefferson Nickels 244,320,000 232,560,000 476,880,000
Roosevelt Dimes 487,000,000 514,000,000 1,001,000,000
Effigy Mounds National Monument Quarter 210,800,000 271,200,000 482,000,000
Frederick Douglass National Historic Site Quarter
Ozark National Scenic Riverways Quarter
Ellis Island National Monument Quarter
George Rogers Clark National Historical Park Quarter
Kennedy Half-Dollars 1,800,000 1,800,000 3,600,000
Native American $1 Coins 1,540,000 1,820,000 3,360,000
Total 2,372,660,000 2,479,380,000 4,852,040,000

 

There are 327 million in quarters that the U.S. Mint hasn’t officially assigned to a design yet. These are a portion of the Frederick Douglass quarters.

{ 1 comment… read it below or add one }

Richard May 22, 2017 at 10:33 am

(Didn’t go through.)

Interesting they didn’t announce the 2017-P cents. Look up “Philadelphia Mint Quietly Releases 2017-P Lincoln Cent” for the reason why.

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