More than one billion coins for circulation came from U.S. coining presses in October, the latest manufacturing figures from the United States Mint show.
The amount was the most since July and marked the seventh time this year were a month’s production pace hurdled the billion level.
In the headline figure and comparisons for the month, the U.S. Mint struck about 1.15 billion, climbing 22.9% from September while falling 16.4% from October 2018.
Here’s how the month compares against others in the past year:
October 2018 to October 2019 Circulating Coin Production
|October 2019||1,154.94 M||6|
|September 2019||939.66 M||10|
|August 2019||767.32 M||11|
|July 2019||1,202.10 M||5|
|June 2019||1,021.654 M||9|
|May 2019||485.24 M||13|
|April 2019||1,253.76 M||4|
|March 2019||1,054.90 M||7|
|February 2019||1,256.10 M||3|
|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||2|
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 713.6 million Lincoln cents last month, representing 61.8% of the circulating-quality coins produced in October.
In month-over month comparisons for coins used daily by Americans, production totals in October increased:
- 32.8% for Lincoln cents,
- 16% for Jefferson nickels,
- 9.3% for Roosevelt dimes, and
- 6.8% 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 ninth 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 October 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. In October, the Philadelphia Mint produced 534.36 million coins and the Denver Mint produced 620.58 million coins.
In year to date production figures, the Philadelphia Mint struck 5,466,174,400 coins and the Denver Mint struck 5,176,800,000 coins for a combined 10,642,974,400 coins — 7.7% fewer than the 11,533,534,000 coins minted through the first ten months 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:|
The 2019 monthly average of about 1.06 billion coins tracks over 12 months to roughly 12.8 billion coins. The U.S. Mint made over 13.1 billion coins for circulation in 2018.
Mintages by Unique Design
Through October, the U.S. Mint released five 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;
- the 2019 War in Pacific quarter for Guam, released June 3; and
- the 2019 San Antonio Missions quarter for Texas, released Aug. 26.
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)||114,400,000||116,600,000||231,000,000|
|San Antonio Missions National Historical Park Quarter (TX)||129,400,000||142,800,000||272,200,000|
|Frank Church River of No Return Wilderness Quarter (ID)||0|
|Native American $1 Coins||1,540,000||1,400,000||2,940,000|
There are 203.6 million in quarters that the U.S. Mint has yet to officially assign to a design. These are a portion of Idaho’s Frank Church River of No Return Wilderness quarters released Nov. 4.