U.S. Mint Produces Over 1.42 Billion Coins for Circulation in September

by Mike Unser on October 23, 2020 · 6 comments

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The U.S. Mint produced more than 1.42 billion coins in September and over 11.3 billion in the last nine months

The United States Mint maintained a rapid pace of striking coins in September, marking a fourth straight month in which more than one billion were produced, logging the fourth highest production month of 2020, and registering the eighth highest monthly total over the last 45 months.

In headline comparisons, the U.S. Mint manufactured over 1.42 billion coins for circulation — spread across cents, nickels, dimes and quarters, slipping 14.2% from the amount made in August and 51.4% above the number minted in September 2019.

Here’s how the month stacks up against others in the past year:

September 2019 to September 2020 Circulating Coin Production

Month Mintages Rank
September 2020 1,422.59 M 4
August 2020 1,657.06 M 2
July 2020 1,697.74 M 1
June 2020 1,596.48 M 3
May 2020 904.12 M 9
April 2020 801.84 M 12
March 2020 898.86 M 10
February 2020 1,094.30 M 7
January 2020 1,228.08 M 5
December 2019 400.88 M 13
November 2019 898.38 M 11
October 2019 1,154.94 M 6
September 2019 939.66 M 8

 

The Federal Reserve orders more 1-cent coins than any other denomination despite data that shows it costs the U.S. Mint 1.99 cents to make and distribute each one. The Mint produced 734 million Lincoln cents last month, representing 51.6% of the circulating-quality coins produced in September.

Month-Over-Month

In month-over month comparisons for coins used daily by Americans, production totals in September declined:

  • 9.9% Lincoln cents,
  • 19.1% Jefferson nickels,
  • 19.8% Roosevelt dimes, and
  • 16.6% 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 quality for coin collectors. Usually in January, the U.S. Mint tends to strike both coins to the expected amounts needed for the entire year. That wasn’t the case for halves — more were produced in February and then again in July.

In February, mintages of Philadelphia Mint-struck Kennedy half-dollars rose by 1.8 million after none were reported out of the plant in January. Then in July, the Philadelphia Mint made another half million for a new total of 2.3 million. Those added to the 1.8 million produced in January by the Denver plant combine to 4.1 million halves in 2020. For reference, last year’s half-dollar ended with equal splits of 1.7 million for Denver and Philadelphia for a combined 3.4 million.

Published mintages of the Native American dollar remained unchanged — 1.26 million from Denver and 1.4 million from Philadelphia for a combined 2.66 million coins. Last year’s issue had splits of 1.54 million for Denver and 1.4 million for Philadelphia for a combined 2.94 million coins.

Here’s a summary of all circulating-quality coins produced last month:

US Mint Circulating Coin Production in September 2020

Denomination Denver Philadelphia Total
Lincoln Cents 418,800,000 315,200,000 734,000,000
Jefferson Nickels 92,880,000 72,000,000 164,880,000
Roosevelt Dimes 133,500,000 97,010,000 230,510,000
ATB Quarters 157,800,000 135,400,000 293,200,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 0 0
Total 802,980,000 619,610,000 1,422,590,000

 

U.S. Mint plants in Denver and Philadelphia manufacture all of America’s coins for commerce. In September, the Denver Mint made more than 183 million coins than the Philadelphia Mint, returning some balance from August when the Philadelphia Mint led by some 158 million coins. In the latest monthly totals, the Denver Mint struck 802.98 million coins and the Philadelphia Mint struck 619.61 million coins for the combined 1,422,590,000 coins.

YTD Totals

Year-to-date, the Denver Mint produced 5,840,420,000 coins and the Philadelphia Mint struck 5,460,650,000 coins for 11,301,070,000 coins in total — 19.1% more than the 9,488,034,400 coins minted through the first nine months of 2019.

This next table lists 2020 coin production totals by denomination and by U.S. Mint facility:

YTD 2020 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Total:
Denver 3146M 623.76M 1024M 1043.6M 1.8M 1.26M 5840.42M
Philadelphia 2763.6M 581.04M 983.51M 1128.8M 2.3M 1.4M 5460.65M
Total 5909.6M 1204.8M 2007.51M 2172.4M 4.1M 2.66M 11301.07M

 

The 2020 monthly average of roughly 1.26 billion coins tracks over 12 months to more than 15 billion coins. The Mint made over 11.9 billion coins for circulation in 2019.

Mintages by Unique Design

As mentioned earlier, the U.S. Mint published mintages for the 2020 Salt River Bay quarter. They registered at 515 million from Denver and 577.8 million from Philadelphia for a combined 1,092,800,000 coins — the most for any quarter since the New York design from early 2001.

The U.S. Mint through September has released five annually issued coins with one-year-only designs. They include:

The following table offers a breakdown of this year’s mintages by coin design:

2020 Circulating Coin Production by Design

  Denver Philadelphia Total
Lincoln Cents 3,146,000,000 2,763,600,000 5,909,600,000
Jefferson Nickels 623,760,000 581,040,000 1,204,800,000
Roosevelt Dimes 1,024,000,000 983,510,000 2,007,510,000
National Park of American Samoa Quarter 212,200,000 286,000,000 498,200,000
Weir Farm National Historic Site Quarter (Connecticut) 155,000,000 125,600,000 280,600,000
Salt River Bay National Historical Park and Ecological Preserve Quarter (U.S. Virgin Islands) 515,000,000 577,800,000 1,092,800,000
Marsh-Billings-Rockefeller National Historical Park Quarter (Vermont) 0 0 0
Tallgrass Prairie National Preserve Quarter (Kansas) 0 0 0
Kennedy Half-Dollars 1,800,000 2,300,000 4,100,000
Native American $1 Coins 1,260,000 1,400,000 2,660,000
Total 5,679,020,000 5,321,250,000 11,000,270,000

 

In subtracting the Mint’s totals by coin design from their overall production figures by denomination, there is one difference — mintages of quarters are higher by 300.8 million. These are likely a portion of Vermont’s Marsh-Billings-Rockefeller National Historical Park quarters.

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Stewart

1.5 Billion circulation quarters produced this year to date. I honestly don’t think I have handed out to any store a single coin this entire year, maybe two years. People/adults just simply don’t use coins anymore, the US is going cashless, if it isn’t already there.

And don’t get me going on the number of absolutely useless cents being stamped.

c_q

where are all these coins going? I don’t hear any statistics on how many coins are ‘retired from circulation’ like worn-out currency notes, it seems like there is no program for coins like that. so that only leaves millions of cups, piggy banks, etc. holding all these coins – there must be trillions of them throughout america. if even half of them could be brought back to circulation, the mint could stop making coins for a couple decades, perhaps even longer considering how few people use actual coins these days.

vadim

I went to TCF Bank in Michigan and asked for 2 new rolls of pennies. They told me they haven’t had any in while and even if they had they could only give me 2 rolls. Where the hell are coins going?

Andy

This would be the perfect time to kill the penny, announce that until the. Quarter shortage is resolved, no more pennies will be produced. As far as poor people losing due to rounding, many stores are now rounding tto the dollar. Even at minimum wage or unemployment, one or two cents is meaningless.

Jim Longacre

I very rarely use a coin, because I don’t pay cash very often. If I get or find a coin, it goes into the automatic checkout at the supermarket. Can’t think where these are going.

Chas. Barber

5,000,000,000 cents that cost over 1c to mfg. WTF is goin gon why doesn’t Trump being a sharp bidnessman, work with Congress to save the Nation some $… 1.2 billion and not a privy or V75 to be found west of the Mississippi