US Mint January 2011 Coin Production: Fastest Pace Since July

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US Mint circulating coin production shot higher in January 2011, eclipsing the levels from December and those from the same period of a year ago.

2011 Native American Coin

In fact, January was the fastest production pace for the US Mint since July, and it registered as the third best monthly total in the past 12 months.

The United States Mint produced 764.73 million coins for circulation in January 2011, which was three and a half times more than its output in January 2010. June and July were the only months last year with higher production rates, as the following table highlights:

January 2010-2011 Coin Production Monthly Figures

January 2011 764.73 M
December 2010 80.200 M
November 2010 531.46 M
October 2010 730.22 M
September 2010 690.02 M
August 2010 743.78 M
July 2010 772.08 M
June 2010 918.94 M
May 2010 657.22 M
April 2010 451.96 M
March 2010 384.42 M
February 2010 194.40 M
January 2010 218.41 M

 

Coins that are minted for circulation are struck at the US Mint facilities in Denver and Philadelphia. To start the year, the Denver Mint was more than twice as busy as the Philadelphia Mint. By the end of 2011, the production levels between facilities should tighten significantly.

All denominations were produced during the month, although the US Mint did not break down totals by design for the first 2011 Presidential Dollar and the debuting 2011 America the Beautiful Quarter. This is pretty much standard for a January, as the Mint has likely not finished striking the amount of coins it needs. In fact, the Mint did not even begin producing the inaugural 2010 America the Beautiful Quarter until March, and Federal Reserve Banks had enough Jefferson nickels on hand that 2010-dated strikes were not minted until April.

US Mint 2011 Coin Production

Denver Philadelphia Total
Lincoln Cents 263,200,000 134,800,000 398,000,000
Jefferson Nickels 77,280,000 15,840,000 93,120,000
Roosevelt Dimes 110,000,000 20,000,000 130,000,000
2011 Quarters 30,400,000 30,800,000 61,200,000
Kennedy Half Dollars 1,700,000 1,750,000 3,450,000
Native American $1s 4,620,000 1,680,000 6,300,000
Presidential Dollars 37,100,000 35,560,000 72,660,000
Total 524,300,000 240,430,000 764,730,000

 

At the current pace, more than 9 billion coins could be manufactured for circulation in 2011. The 2010 annual figure was nearly 6.4 billion. And in 2009, the slowest year in decades for US coinage, coin production came in at a mere 3.548 billion. In 2008 and before the recession strangled the need for change in everyday transactions, the US Mint had struck more than 10.1 billion coins.

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Vachon

I always hated that Moy insisted on the mintages being fairly even from both mints. I like when there’s a disparity like in the table above. If anything, it indicates actual coin demand for the half of the country each mint serves. I hope now that he is gone, that old policy ends and the trend possibly indicated in January’s production totals continues throughout the year.

Brian Young

I have yet 2 C any 2011 coins here on the left coast. With the copper being so expensive, I wonder how much the mint lost on the cents & nickels minted last month? When will they make the coins out of cheaper materials already? This is costing the taxpayers!!! Stop the madness, save what is left of the steel industry & make copper coated steel cents and steel nickels!!!

bluecoins

Native American dollar is a good topic. How about changing the series of faces of ASE silver?