U.S. coin production rebounded in June, topping one billion coins for the fifth time this year after plunging to a nearly five-and-a-half-year low in May.
Across a longer haul, the United States Mint pressed just over 6.5 billion coins for circulation in the first half of 2019 — a seemingly sizable tally yet it’s tracking toward a fourth straight yearly decline.
In the headline figure for June, coining presses struck more than 1.02 billion coins to mark an increase of 110.6% from May and a drop of 14.7% from June 2018.
Here’s how the month compares against others in the past year:
June 2018 to June 2019 Circulating Coin Production
|June 2019||1,021.654 M||9|
|May 2019||485.24 M||13|
|April 2019||1,253.76 M||5|
|March 2019||1,054.90 M||7|
|February 2019||1,256.10 M||4|
|January 2019||1,507.30 M||1|
|December 2018||560.64 M||12|
|November 2018||1,031.24 M||8|
|October 2018||1,382.18 M||3|
|September 2018||976.82 M||10|
|August 2018||831.56 M||11|
|July 2018||1,403.16 M||2|
|June 2018||1,198.34 M||6|
The Federal Reserve always orders more 1-cent coins than any other denomination even with the latest data showing it costs the U.S. Mint 2.06 cents to make and distribute each one. The bureau produced 600.8 million Lincoln cents in June, representing 58.8% of the circulating-quality coins produced for the month.
In month-over month comparisons for coins used daily by Americans, production totals in June increased by:
- 93.3% for Lincoln cents,
- 134.4% for Jefferson nickels,
- 180.3% for Roosevelt dimes, and
- 99.3% for America the Beautiful quarter dollars.
Native American $1 Coins and Kennedy half-dollars are no longer ordered by Federal Reserve Banks but they are still made in circulating finish for coin collectors. In January, the U.S. Mint tends to strike both coins to the expected amounts needed for the entire year.
That said, the bureau’s data for February did show an increase of 140,000 in 2019-D Native American dollars. Reported mintages for the space-themed piece are at 1.54 million for Denver and 1.4 million for Philadelphia for a combined 2.94 million coins — up from last year’s dollar mintages by the added 140,000.
Mintages for the 2019 Kennedy half-dollar remained the same for a fifth straight month, totaling 3.4 million coins with equal splits between the Denver and Philadelphia Mints. Last year’s half-dollar was the most produced since the one from 2001. It saw 6.1 million from Denver and 4.8 million from Philadelphia for a combined 10.9 million coins.
Here’s a summary of all circulating-quality coins produced last month:
US Mint Circulating Coin Production in June 2019
|Kennedy Half Dollars||0||0||0|
|Native American $1s||0||0||0|
U.S. Mint facilities in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Philadelphia Mint produced 513.374 million coins and the Denver Mint made 508.28 million coins.
Coin Production in First Half of 2019
Through the first half of this year, the Philadelphia Mint struck 3,371,694,400 coins and the Denver Mint struck 3,207,260,000 coins for a combined 6,578,954,400 coins — 5.2% fewer than the 6,939,814,000 coins minted through the first half of 2018.
This next table lists 2019 coin production totals by denomination and by U.S. Mint facility:
YTD 2019 Circulating Coin Production by Denomination
|1 ¢||5 ¢||10 ¢||25 ¢||50 ¢||N.A. $1||Total:|
If the current production pace stretches through December, the annual 2019 mintage total would reach 13.1 billion coins. The U.S. Mint made over 13.1 billion coins for circulation in 2018.
Mintages by Unique Design
So far, the U.S. Mint has released four annually issued coins with one-year-only designs. They include:
- the 2019 Lowell National Historical quarter for Massachusetts, released on Feb. 4;
- the 2019 Native American $1 Coin, released on Feb. 13;
- the 2019 American Memorial Park quarter for Northern Mariana Islands, released on April 1; and
- the 2019 War in Pacific quarter for Guam, released June 3.
The following table offers a breakdown of this year’s mintages by coin design:
2019 Circulating Coin Production by Design
|Lowell National Historical Park Quarter (MA)||182,200,000||165,800,000||348,000,000|
|American Memorial Park Quarter (MP)||182,600,000||142,800,000||325,400,000|
|War in the Pacific National Historical Park Quarter (GU)||–||–||–|
|San Antonio Missions National Historical Park Quarter (TX)||–||–||–|
|Frank Church River of No Return Wilderness Quarter (ID)||–||–||–|
|Native American $1 Coins||1,540,000||1,400,000||2,940,000|
There are 187.4 million in quarters that the U.S. Mint has yet to officially assign to a design. These are likely War in the Pacific National Historical Park quarters.