U.S. Mint Produced Over 13.6 Billion Coins for Circulation in 2022

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The pace of minting U.S. coins for circulation slowed for a third straight year, final 2022 production figures from the United States Mint show.

CoinNews photo 2022 Anna May Wong Quarters
This CoinNews photo shows a stack of 2022 Anna May Wong Quarters. The U.S. published mintages of the quarter in its final production figures for 2022.

U.S. minting facilities shipped just over 13.6 billion coins to Federal Reserve Banks for circulation release during the calendar year, marking drops of 6% from the nearly 14.5 billion coins struck in 2021 and 7.8% from the more than 14.7 billion coins made in 2020 when production ramped up again to alleviate coin circulation issues brought on by the COVID-19 pandemic.

Here is a summary of U.S. coin production totals in 2022 compared to those from 2021:

US Mint Annual Coin Production (2022 vs 2021)

  Year 2021 Year 2022 2022 Unit Gain / Loss 2022 % Gain / Loss
Cents 7,908,620,000 6,359,600,000 -1,549,020,000 -19.6%
Nickels 1,570,780,000 1,547,520,000 -23,260,000 -1.5%
Dimes 2,830,250,000 3,134,000,000 303,750,000 10.7%
Quarters 2,168,200,000 2,567,600,000 399,400,000 18.4%
Half Dollars 13,100,000 9,700,000 -3,400,000 -26.0%
Native American $1 2,520,000 1,960,000 -560,000 -22.2%
Total 14,493,470,000 13,620,380,000 -873,090,000 -6.0%

 

The U.S. Mint’s main mission is to manufacture coins based on the nation’s demand and then transport them to Federal Reserve Banks and their coin terminals for distribution into circulation.

Minting facilities in Philadelphia and Denver are tasked with manufacturing all U.S. coins for commerce. In 2022, the Philadelphia Mint produced 6,730,500,000 coins while the Denver Mint made 6,889,880,000 coins.

6.3 Billion Cents in 2022

Of note, the Federal Reserve orders more 1-cent coins from the U.S. Mint than any other denomination even as data shows that it costs 2.1 cents to make and distribute each one. The over 6.3 billion cents struck last year represents 46.7% of the combined production total for 2022. While a lot, this is well lower than in past years. For example, in 2021, the Mint manufactured over 7.9 billion cents for 54.6% of all coins minted for circulation.

Mintages of Native American $1 Coins & Kennedy Half Dollars

Attesting to their lower mintage totals as compared to other coins, Native American dollars are no longer ordered by the Federal Reserve for circulation, but they are still made in circulating quality for coin collector products. The same is true, or was until 2021 and 2022, for Kennedy half-dollars.

Typically, in January, the U.S. Mint strikes both denominations to the expected amounts needed for the entire year. That remained the case for Native American dollars but not for Kennedy halves, which saw their mintages increase in several months last year (January, May and June) and in 2021 (February, March, April, May and August).

Published mintages of 2022 Native American dollars show equal splits of 980,000 from Denver and 980,000 from Philadelphia for a combined 1.96 million coins. In contrast, the 2021 dollar logged splits of 1.26 million for Denver and 1.26 million for Philadelphia for 2.52 million coins.

In May, mintages for the 2022 Kennedy half-dollar increased for the second time last year, posting a combined increase of 3.6 million to more than double the 3.2 million made in January. They climbed again in June by 2.9 million. Unchanged since, 2022 half dollar mintages ended at 4.9 million from Denver and 4.8 million from Philadelphia for a total of 9.7 million. In 2021, the half dollar mintages closed with a mix of 7.7 million from Denver and 5.4 million from Philadelphia for a combined 13.1 million.

First America Women Quarter Mintages

2022 was the inaugural year for the U.S. Mint’s four-year series of quarters celebrating the contributions of notable women who have shaped American history.

Honorees for the year include Maya Angelou, Dr. Sally Ride, Wilma Mankiller, Nina Otero-Warren and Anna May Wong. Each features a unique design with:

For the first time, Mint data revealed mintages for the Anna May Wong quarter. They are the second lowest in the series to date.

This next table shows 2022 circulating coin mintages by production facility, denomination, and design.

2022 Circulating Coin Production by Design

Denver Philadelphia Total
Lincoln Cent 3,230,400,000 3,129,200,000 6,359,600,000
Jefferson Nickel 777,600,000 769,920,000 1,547,520,000
Roosevelt Dime 1,583,000,000 1,551,000,000 3,134,000,000
Maya Angelou Quarter 258,200,000 237,600,000 495,800,000
Dr. Sally Ride Quarter 278,000,000 275,200,000 553,200,000
Wilma Mankiller Quarter 296,800,000 310,000,000 606,800,000
Nina Otero-Warren Quarter 219,200,000 225,000,000 444,200,000
Anna May Wong Quarter 240,800,000 226,800,000 467,600,000
Kennedy Half-Dollar 4,900,000 4,800,000 9,700,000
Native American $1 Coin 980,000 980,000 1,960,000
Total 6,889,880,000 6,730,500,000 13,620,380,000

 

Coin Production in December 2021

Normally, December is a slower production month as the U.S. Mint adjusts their tooling for the upcoming year’s coins. That has not really been the case in the last three Decembers with amounts of 846.5 million coins most recently, 953.37 million coins in December 2021, and 903.50 million coins in December 2020.

More typical Decembers are represented in years 2011 to 2019, for example, with their totals of 431.78 million, 245.34 million, 285.96 million, 878.84 million, 707.79 million, 696.68 million, 762.86 million, 560.64 million, and 400.88 million.

Here’s how last month compares against others in the past year:

December 2021 to December 2022 Circulating Coin Production

Month Mintages Rank
December 2022 846.50 M 13
November 2022 906.00 M 12
October 2022 1,177.14 M 6
September 2022 1,003.72 M 9
August 2022 948.06 M 11
July 2022 1,100.62 M 8
June 2022 1,141.60 M 7
May 2022 1,255.32 M 4
April 2022 1,278.88 M 2
March 2022 1,452.58 M 1
February 2022 1,260.12 M 3
January 2022 1,249.84 M 5
December 2021 953.37 M 10

 

This last table shows productions totals by denomination for December:

US Mint Circulating Coin Production in December 2022

Denomination Denver Philadelphia Total
Lincoln Cents 182,000,000 114,000,000 296,000,000
Jefferson Nickels 45,360,000 55,440,000 100,800,000
Roosevelt Dimes 123,500,000 139,000,000 262,500,000
Quarters 100,200,000 87,000,000 187,200,000
Kennedy Half Dollars 0 0 0
Native American $1s 0 0 0
Total 451,060,000 395,440,000 846,500,000

 

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Antonio

And yet I hear there are still coin shortages in parts of the country.

Kaiser Wilhelm

Considering how many millions of each denomination the Mint produced and sent over to the Federal Reserve for distribution to banks nationwide makes one wonder where all those coins went. It would be interesting to determine exactly where the shortages are with the idea that knowledge would help pin down what precisely the problem is.

Major D

Still a shortage in my area- I can only geta few rolls at a time from my bank, and my local 7-Eleven is appreciative of buying them from me after I search through them- as their bank cannot supply the number of rolls that they need on a weekly basis. So far, I have found a number of really good uncirculated AWQ quarters in rolls- all releases up to the Anna May Wong one.

Kaiser Wilhelm

I can’t get any from my bank no matter how many times I ask. The last time I made an inquiry they brought out a tray of shabby-looking loose old quarters.

Antonio

Native American Dollar design for 2024.

2024-native-american-lead.jpg
Kaiser Wilhelm

It boggles the mind to realize that the people who owned every square inch of this country thousands of years prior to the arrival of the first White Europeans had to wait almost five centuries before they were begrudgingly granted the status of legitimate inhabitants.
That being said, I do like the proposed imagery for that coin; it’s very elegant.

Last edited 1 day ago by Kaiser Wilhelm
Major D

I like that many Native Americans are making their own coins now, as sovereign nations.

2022-s1d-geronimo-uhr-anqitued-obv.jpg
Jeff Legan

I just recently noticed that, too. I had no idea they were minting their own coinage until just a few weeks ago. I assume someone else (maybe even the US Mint) is actually minting the coins for them. It would be cool if they had their own Mint. Imagine if you had to exchange your dollars for Native American coinage when you spend money at their casinos or shops. It would really make it feel like they are a sovereign nation. We say they are a sovereign nation but we sure do still exert a lot of control over their… Read more »

Kaiser Wilhelm

That’s really cool, Major D. I come across images of these every once in a while but have never given any real thought to their implications. Thanks.

Antonio

I didn’t realize how many varieties of these coins there are for the different nations, even in the area where I live. Maybe I should commission a coin for the Nation of Me?

Kaiser Wilhelm

I would say, why not? It has long been said “No man is an island” but that statement makes no mention of being a one man country. Perhaps you could even arrange to have your coins made of “Antonium”.

Antonio

Proposed Innovation Dollar designs for 2024.

2024-innovation-dollars-lead7aae2e4111176df9aa55ff0000be2468.jpg
Kaiser Wilhelm

Being a real space travel enthusiast I can’t wait to get my hands on that Saturn V coin from Alabama, depending of course on whether the Mint goes ahead with that motif.

Antonio

That’s one small step for a man. One giant leap for mankind.

Kaiser Wilhelm

Ah ha, you remembered the usually missing “a”. Kudos, my friend!

Major D

Man (pun intended), I really hope that the manned moon missions/ space program is profiled on one of these state AI coins. Surely, it’s got to make the list of the top 50 U.S. innovations.

OIP (2).jpg
Kaiser Wilhelm

I already have a beautiful bronze Mint medal in that regard, Major D, but I certainly wouldn’t mind adding a silver coin honoring the same.

Izeah quarles

I have a 1975 dime no mint mark it has kept its dark shine for years I found it when I was little in 1976 I kept it for good luck along with a 1968 dime

Antonio

Dimes minted in Philadelphia didn’t have mint marks until 1980. You can google it, to see what the value is. Same with the 1968 dime.

Kaiser Wilhelm

Izeah quarles,
1976 is the year my son was born, so that is a good luck year for me also. 1968 is the year I met my first wife; that turned out to be an exceptionally bad luck year for me.

Major D

Kaiser, you’re not alone with regards to 1968. From the National Archives: 1968: A Year of Turmoil and Change 1968 was a turning point in U.S. history, a year of triumphs and tragedies, social and political upheavals, that forever changed our country. In the air, America reached new heights with NASA’s Apollo 8 orbiting the moon and Boeing’s 747 jumbo jet’s first flight. However, all was not well on the ground: the country lost a Navy intelligence ship (USS Pueblo) and two proponents of peace—Martin Luther King, Jr., and Robert F. Kennedy. Other events that made history that year include the Vietnam War’s Tet Offensive,… Read more »

Rich

… and The Beatles’ Sgt. Pepper’s Lonely Hearts Club Band wins Album of the Year (the first rock LP to receive the award)

pepper.jpg
Kaiser Wilhelm

Good Sir Rich and Major D,
In the summer before everything went south that infamous year I spent many a late night (opening hours 11 PM until 3 AM) at this students only club in a former WWII bomb shelter built into the side of a mountain in Heidelberg, Germany, listening to the Sergeant Pepper album over and over again. Good times before the less so.

Kaiser Wilhelm

Oops, forgot the picture…

Cave 54 interior.jpg
Kaiser Wilhelm

And here’s one of the oddly somewhat off-putting front door…

Cave 54.jpg
Antonio

The Cavern

Kaiser Wilhelm

Indeed, the club in their home town of Liverpool where the Beatles could regularly be seen live rather than just heard from the speakers on the walls like they were at Heidelberg’s Club 54.

Cavern Club Outside.jpg
Kaiser Wilhelm

By chance, the interior of the Cavern resembled that of Cave 54.

The Cavern of the Cavern Club.jpg
Kaiser Wilhelm

Wow, Major D, I guess I wasn’t alone in considering that anything but a banner year. Honestly, I don’t know if that makes me feel better or worse about it.

Antonio

And don’t forget, Richard Nixon was elected that year. “I am not a crook.”

Kaiser Wilhelm

Aw sheesh, Antonio, why pile on the miseries of that year? 😉
To think all this occurred right after the 1967 “Summer of Love.”

Last edited 5 hours ago by Kaiser Wilhelm
Antonio

I remember that was the year the anti war demonstrations started to take place. Things really began to change in ’68. I still remember the assassinations of MLK and Bobbie Kennedy. It was a sad time. What was the country headed to? We survived and even survived The Donald and the January 6th fiasco. We’ll survive the rise and fall of precious metal prices as well.