U.S. coin production in October ran the quickest since March and faster than a year earlier, according to manufacturing figures published by the United States Mint.
U.S. Mint figures also provide mintages for New Jersey’s Ellis Island quarter, the fourth of five 2017-dated quarters with unique designs.
Over 1.4 billion in cents, nickels, dimes, quarters and half-dollars were pressed for circulation last month, lifting the year-to-date total to over 12.7 billion coins.
In headline comparisons, October production increased 8.2% from September and advanced 9.7% from October 2016. Here’s how the month stacks up against others in the past year:
2016 – 2017 October Coin Production Figures
|October 2017||1,423.54 M||3|
|September 2017||1,316.22 M||4|
|August 2017||1,167.48 M||8|
|July 2017||1,254.74 M||6|
|June 2017||1,252.88 M||7|
|May 2017||1,156.34 M||9|
|April 2017||959.54 M||12|
|March 2017||1,445.8 M||2|
|February 2017||983.40 M||10|
|January 2017||1,790.30 M||1|
|December 2016||696.68 M||13|
|November 2016||976.04 M||11|
|October 2016||1,297.36 M||5|
The Federal Reserve orders more 1-cent coins from the U.S. Mint than any other denominations even as it costs 1.5 cents to make and distribute each one. The agency struck 856.42 million Lincoln cents in October for 60.2% of the circulating-quality coins produced for the month.
2017-dated circulating cents from the Philadelphia Mint bear a ‘P’ mint mark for the first time in history. This is a one-year-only embellishment, added as a part of the U.S. Mint’s 225th anniversary celebration.
These P-cents are not rare, however, with more than 3.75 billion already made through the first ten months of this year.
In the latest month-over month comparisons for coins used daily by Americans, October production totals saw:
- 9.2% more Lincoln cents,
- 18.6% more Jefferson nickels,
- 8.5% more Roosevelt dimes, and
- 4.3% fewer 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 the expected amounts needed for the entire year. The agency in April did produce 140,000 more 2017-P Native American dollars. In October, it also struck 1.1 million more 2017-D Kennedy half-dollars.
Production facilities in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Denver Mint made 699.46 million coins and the Philadelphia Mint made 724.08 million coins.
Here’s a summary of all circulating-quality coins produced during the month:
US Mint Circulating Coin Production in October 2017
|Kennedy Half Dollars||1,100,000||0||1,100,000|
|Native American $1s||0||0||0|
Year-to-date figures at 6,260,600,000 coins from Denver and 6,489,640,000 coins from Philadelphia total 12,750,240,000 coins, representing an 11.1% decline from the 14,344,690,000 coins minted by the same time last year.
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:|
This year’s monthly average of more than 1.27 billion coins tracks over 12 months to about 15.3 billion coins. The U.S. Mint produced over 16 billion coins in 2016 after making more than 17 billion coins in 2015, the most since 2001.
Ellis Island Quarter Mintages
The U.S. Mint has now released all six 2017-dated coins bearing one-year-only designs. They include the:
- 2017 Native American $1 Coin, released on Jan. 25.
- 2017 Effigy Mounds Quarter for Iowa, released on Feb. 6.
- 2017 Frederick Douglass Quarter for D.C., released on April 3.
- 2017 Ozark Riverways Quarter for Missouri, released on June 5.
- 2017 Ellis Island Quarter for New Jersey, released on Aug. 28.
- 2017 George Rogers Clark Quarter for Indiana, released on Nov. 13
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.
Mintages of New Jersey’s Ellis Island National Monument quarters were reported for the first time, registering at 254 million from Denver and 234 million from Philadelphia for a combined 488 million. These amounts are nowhere near mintage lows for the quarter series. They’re actually the highest of any design this year.
Production figures include 3.4 million quarters that have yet to be officially assigned to a coin design. These are likely early runs of George Rogers Clark National Historical Park quarters.
The following table offers a breakdown of this year’s mintages by coin design:
2017 Circulating Coin Production by Design
|Effigy Mounds National Monument Quarter||210,800,000||271,200,000||482,000,000|
|Frederick Douglass National Historic Site Quarter||185,800,000||184,800,000||370,600,000|
|Ozark National Scenic Riverways Quarter||200,000,000||203,000,000||403,000,000|
|Ellis Island National Monument Quarter||254,000,000||234,000,000||488,000,000|
|George Rogers Clark National Historical Park Quarter||0|
|Native American $1 Coins||1,540,000||1,820,000||3,360,000|
Coin production figures in this coin news article are based on data aggregated from the Mint’s webpage at: https://www.usmint.gov/circulating-coins-production.