The United States Mint in ten months this year has struck more coins for circulation than in any year since 2006, according to production figures the agency released on Monday, Nov. 9. The U.S. Mint is on pace to strike more coins than in any year since 2001.
Over 1.75 billion in pennies, nickels, dimes and quarters rolled out of U.S. Mint coining presses in October, the highest on record for a month since CoinNews started tracking the data in 2007.
In headline comparisons, the latest total is 19.1% higher than September’s and 50.4% more than in October 2014. Here’s how the month stacks up against others in the past year:
2014 – 2015 October Coin Production Figures
|October 2015||1,757.64 M||1|
|September 2015||1,476.37 M||7|
|August 2015||1,142.46 M||11|
|July 2015||1,665.76 M||4|
|June 2015||1,673.95 M||3|
|May 2015||1,459.86 M||6|
|April 2015||1,696.56 M||2|
|March 2015||1,403.44 M||8|
|February 2015||1,277.96 M||9|
|January 2015||1,539.15 M||5|
|December 2014||878.84 M||13|
|November 2014||958.78 M||12|
|October 2014||1,168.78 M||10|
Pennies costs about 1.7 cents each to make and distribute, yet the Federal Reserve always orders more of them than any other denomination. In October, the U.S. Mint produced 950.8 million Lincoln cents. That’s 54.1% of the circulating-quality coins made for the month.
In month-over-month comparisons for coins used every day by Americans, October saw:
- 14.1% more Lincoln cents,
- 28.4% more Jefferson nickels,
- 36.1% more Roosevelt dimes, and
- 14.5% more 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 United States Mint continues to make them for coin collectors.
In January, the U.S. Mint pressed 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 their number grew slightly. In September, the Mint made a modest correction to the number of Presidential $1 Coins produced. Here’s a summary of the coins produced last month:
US Mint Circulating Coin Production in October 2015
|2015 ATB Quarters||139,000,000||168,000,000||307,000,000|
|Kennedy Half Dollars||0||0||0|
|Native American $1s||0||0||0|
U.S. circulating coin production facilities are located in Denver and Philadelphia. Last month, the Denver Mint produced 846.48 million coins and the Philadelphia Mint made 911.16 million coins.
Year To Date
For the January to October period, the Denver Mint struck over 7.6 billion coins while the Philadelphia Mint made more than 7.4 billion coins. Their combined output tallies to 15,093,180,000 coins for a 31.9% increase over the 11,446,140,000 coins minted through the same months in 2014, and the most for a year since the 15.5 billion coins in 2006. For another perspective of the sharp production increase, last year’s 12-month total reached just over 13.28 billion coins. This next table lists year to date totals by denomination.
YTD 2015 Circulating Coin Production by Denomination
|1 ¢||5 ¢||10 ¢||25 ¢||50 ¢||N.A. $1||Pres $1||Total|
The U.S. Mint is averaging a monthly pace of over 1.5 billion coins. Stretched through 12 months, the agency is on track to make 18.1 billion coins this year. In all likelihood, the ending figure will probably be more in the 17 to 17.5 billion area since production usually tapers off in December. That said, such a level has not been seen since 2001 when over 19.4 billion coins were pressed.
Mintages of 2015 Bombay Hook National Wildlife Refuge Quarter
Mintages for this year’s fourth and twenty-ninth overall America the Beautiful Quarter, which honors Bombay Hook National Wildlife Refuge in Delaware, are 206.4 million from Denver and 275 million from Philadelphia for a combined 481.4 million. That’s 42% lower than the previous quarter commemorating Blue Ridge Parkway in North Carolina. It, at 830.8 million, posted the highest mintage in the America the Beautiful Quarter series to date.
The following table offers a breakdown of this year’s mintages by coin design:
2015 Circulating Coin Production by Design
|Homestead National Monument of America Quarter||248,600,000||214,400,000||463,000,000|
|Kisatchie National Forest Quarter||379,600,000||397,200,000||776,800,000|
|Blue Ridge Parkway Quarter||505,200,000||325,600,000||830,800,000|
|Bombay Hook National Wildlife Refuge Quarter||206,400,000||275,004,000||481,404,000|
|Saratoga National Historical Park Quarter||0||0||0|
|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||3,646,000||4,900,000||8,546,000|
|John F. Kennedy $1||5,320,000||6,160,000||11,480,000|
|Lyndon B. Johnson $1||4,200,000||4,900,000||9,100,000|
There is one difference when subtracting coin totals by design from those by denomination — mintages of America the Beautiful Quarters are higher by nearly 218.82 million. These are a portion of the Saratoga National Historical Park quarter for New York. They enter circulation starting on Nov. 16 and the United States Mint will sell bags and rolls of them on Nov. 30.
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.