In April, the United States Mint increased its pace of striking coins for circulation for the third straight month, resulting in the highest monthly output this year.
The Mint produced over 1.25 billion coins, including cents, nickels, dimes, quarters, and half dollars, representing a 5.3% increase from March but a 2.2% decrease from April 2022. This marks the fifth consecutive month in which the 1 billion production level has been exceeded.
Here’s how the month ranks against others in the past year:
April 2022 to April 2023 Circulating Coin Production
|April 2023||1,250.32 M||3|
|March 2023||1,187.94 M||5|
|February 2023||1,054.16 M||9|
|January 2023||1,200.46 M||4|
|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||10|
|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||2|
|April 2022||1,278.88 M||1|
The main mission of the U.S. Mint is to manufacture coins in response to public demand. The Mint produces, sells and then delivers circulating coins to Federal Reserve Banks to support their service to commercial banks and other financial institutions.
Despite the fact that it costs the Mint 2.72 cents to make and distribute each 1-cent coin, the Federal Reserve always orders more of them than any other denomination.
In April, the Mint struck 481.6 million Lincoln cents, which accounted for 38.5% of the circulating-quality coins made for the month. This continues a trend that began in May 2022, when the percentage of cents produced in a given month fell below 50%. Historically, before May 2022, more than half of the coins produced in a given month were cents. For instance, in January of last year, 59.8% of the circulating coins minted were cents, which contrasts with the current situation.
In month-over-month comparisons for coins used daily by Americans, production totals in April saw:
- 20.3% more for Lincoln cents,
- -0.5% fewer for Jefferson nickels,
- -4.3% fewer for Roosevelt dimes, and
- -1.2% fewer for quarters.
Mintages of Native American Dollars and Kennedy Halves
In addition to cents, nickels, dimes, and quarters, the U.S. Mint also produces dollars and half dollars in circulating quality. While the Federal Reserve no longer orders Native American $1 coins, they are still minted in circulating quality for coin collectors. This was also true for Kennedy half dollars until recently, specifically in 2021 and 2022.
Typically, in January, the U.S. Mint produces both denominations in the expected amounts needed for the entire year. However, this remains the case only for Native American dollars, as Kennedy halves saw their mintages increase in multiple months in 2021, 2022, and 2023.
In the past two fiscal years (2021 and 2022), the Federal Reserve unexpectedly ordered millions more Kennedy half dollars for circulation, with amounts of about 12 million and 7 million, respectively. It’s unclear whether any 2023 Kennedy half dollars will be produced for general circulation, but the total struck increased by 2.5 million in April, 2.2 million in March, and 4.4 million in January. As of now, the combined total of halves is 9.1 million, with 5.4 million from Denver and 3.7 million from Philadelphia. This is in comparison to the 2022 production runs, which totaled 4.9 million from Denver and 4.8 million from Philadelphia, for a total of 9.7 million coins.
The mintages of 2023 Native American dollars have remained unchanged, with splits of 1.12 million from the Denver Mint and 1.12 million from the Philadelphia Mint, for a combined total of 2.24 million coins. In contrast, the 2022 dollar recorded equal splits of 980,000 from each facility, for a total of 1.96 million coins.
On Feb. 6, U.S. Mint started selling rolls, bags and boxes of 2023 Native American dollars. On May 15, the bureau is scheduled to offer collectors rolls and bags of circulating 2023 Kennedy halves.
This next table shows 2023 circulating coin mintages by production facility, denomination, and design.
U.S. Mint Circulating Coin Production in April 2023
|Native American $1 Coin||0||0||0|
Regarding overall production totals for April, the Denver Mint struck 636.08 million coins, while the Philadelphia Mint made 614.24 million coins, resulting in a combined production of 1,250,320,000 coins.
Year-to-date, the Denver Mint has struck 2,458,160,000 coins, and the Philadelphia Mint has made 2,234,720,000 coins, for a total production of 4,692,880,000 coins. This figure is 10.5% lower than the 5,241,420,000 coins manufactured during the same period in 2022.
If the current production pace were to continue through December, the annual mintage for 2023 would near 14.08 billion coins. In comparison, the U.S. Mint produced over 13.6 billion coins for circulation in 2022.
This next table lists coin production totals by denomination and by U.S. Mint facility:
YTD 2023 Circulating Coin Production by Denomination
|1 ¢||5 ¢||10 ¢||25 ¢||50 ¢||N.A. $1||Total:|
|Denver||951.6 M||313.44 M||662 M||524.6 M||5.4 M||1.12 M||2458.16 M|
|Philadelphia||842.4 M||277.2 M||601.5 M||508.8 M||3.7 M||1.12 M||2234.72 M|
|Total||1794 M||590.64 M||1263.5 M||1033.4 M||9.1 M||2.24 M||4692.88 M|
2023 Quarter Mintages
In addition to the 2023 Native American dollar with its one-year-only design, the U.S. Mint has also released the first two of five issues for 2023 from their four-year program of American Women Quarters™. These two issues represent the sixth and seventh overall in the series, and each one features a unique design.
The Bessie Coleman quarter, the first quarter design for this year, began circulating on Jan. 3. On February 14, the Mint made rolls and bags of the quarter available for purchase by the public. According to the latest figures from the Mint, a total of 619.2 million Bessie Coleman quarters were minted, with 317.2 million coming from Denver and 302 million from Philadelphia. This is the highest mintage total for any quarter in the series to date.
Out of the total production year-to-date, 414.2 million quarters have not yet been officially assigned a design by the U.S. Mint. These quarters are part of the many more Edith Kanakaʻole quarters yet to be made. Kanakaʻole quarters began circulating on March 27 and are available for purchase in rolls and bags from the U.S. Mint. The third issue of this year’s quarters, honoring Eleanor Roosevelt, is set to launch on June 5.
so if the debt limit winds up getting breached, they won’t be able to mint any ‘money-losing’ cents anymore right? or will they just up the prices of collector coins to keep subsidizing cents nobody seems to use.
Bingo on solution number two, c_q!
For any Kennedy Half collectors or roll collectors, here is what I posted over on MNB on the topic. Looks like the 2023 P/D mint bags will account for 2.2 million and another 1 million, via P/D rolls. 2023 Kennedy Halves have been made for circulation! Or they are going to have to waffle, one hell of a lot of 2023 Halves? That leaves 5.9 million for the annual uncirculated set which is still at a TBD date. The 2022 Uncirculated coin set has a limited mintage of 250,000. If that number is even slightly increased for 2023, the US… Read more »
There are no banks in my area that receive Kennedy halves. As for circulation, I’ve never found one in the wild. Odds are better finding a silver quarter- which is slim to none.
Major D and Caliskier,
The local banks in my area either don’t carry these coins, don’t know what I’m even talking about, or perhaps can’t even be bothered to have anything to do with this kind of (to them totally unnecessary) non-revenue-producing business.
Maybe because jfk was a conspiracy and he really isn’t dead and actually playing spades with Elvis and Andy Kaufman. So if he never died he never would have had a coin made. Obviously if the powers that be didn’t want him as president, if he finished his term they wouldn’t put him on a coin. Also, who is to say that bank will even be open. My income is from gubmint, but if debt can’t be reached then I am for shutting it down. Like I said, under Obama while deployed I wasn’t paid in full for several months,… Read more »
I have to chuckle, Dazed and Coinfused, because you and I are both fully know aware that while we always enjoy our mutual conversations here no matter what direction they happen to go in, and I mean that very sincerely and with without even a wisp of irony, we will however apparently never even begin to be able to agree on certain elements of a specifically political nature. You’ve got “your” Trump and I’ve got “my” Biden and the Parties that go with each of them, and when you think about it that’s really the way it should be, which… Read more »
I’m not a trump supporter. Not a fan of DeSantis either, but I don’t see a viable alternative. Trump is the lesser evil. After seeing those appointed by biden and those that recently won office, I can see why it’s taken so long to be the first whatever category you wish to use to hold the title or position. After seeing kamala I can tell she learned from an uneducated family. I don’t think they were dumb, just new to America and the language. Lightfoot. Yeah real winner. Do you know I have the same amount of Nascar wins as… Read more »
My favorite takeaway here, Dazed? “Trump is the lesser evil”. Interesting times we live in when the first president to try to overthrow our Constitutional Government is the “lesser evil”. Well, he’s not Death’s Head SS, so I guess that’s something.
The worse evil will be the one that presses the red button. It’s easy to keep trump from pushing it. Just cover it with TAX forms. Crisis averted. Before patreus messed up, I’d think he would do well. Colin Powell perhaps. Morgan freeman. Anyone but a previous office holder. I think maybe that should be another criteria for president, never held public office above city level I mean you don’t need a law degree to be Supreme Court Justice. Finding unique ways to drink wine also seems to help. Founding fathers didn’t agree. They took 11 years to finally work… Read more »
I don’t think Jan. 6 was a “distraction” any more than 9/11 was a distraction. As the saying goes, “Sometimes a cigar is just a cigar.”
Sure keep electing the people that fill vacancies with donors (bribes) that have no experience what they are doing. Border czar only 1 visit to the border and only because it was taco Tuesday. But the only way democrats can put their 2 cents into everything is to make enough pennies. Can’t do that with any other coin. Imagine Ford sticking with the Edsel and made more than 50% of his inventory every year. If so many pennies in circulation over the years, why do so many continue to be made. Are there really that many people that have a… Read more »
I wonder, Dazed and Coinfused, if perhaps we as a nation have this all completely wrong, which is to say backwards. We know that we are currently more divided as a nation than we have been in a long time. We assume that we find ourselves unceasingly at each others throats as the result of our bitterly conflicting espousal of the Republican aka Conservative and Democrat aka Liberal causes and positions. This state of affairs has obviously come about because each of these two schools of thought believes that the other somehow or other always has to be to blame… Read more »
Or. This experiment in equality and diversity is simply following patterns of previous great states that failed by being accommodating. Think about it. As they conquered they took slaves and pow. And once the final battle waged, the lines were drawn and agreements in place. Take Rome. It goes along, gets a few nubian slaves (Egypt) heads north. Picks up a few Germania slaves. A few francs, couple Scottish and Irish and English then heads east and grabs a couple Mongols or Chinese. Rome ends its war. Lands are now divided up. Some troops will stay east or north or… Read more »
That would be a wonderful thought about letting bygones be bygones and help each other but it’ll never happen. The phrase divide and conquer is playing out. Politicians do an us vs them to retain their seat and use mudslinging and double speak and hide behind loop holes to do it. And media is all too happy to wrote several stories a day. Have you noticed that many papers are almost exactly the same? Same key words, same multiuse of triggers, same approach to fear. Same twist of the wrench. Example trump said nobody wins in war and he wanted… Read more »
“Humans are animals.” That is so absolutely true in that we all, every single one of us who has ever lived on this planet, came from a common ancestor who climbed down from a tree in Africa, skin black as coal, and over a span of a million or so years made his (and her) way onto the other continents, during the journey losing melanin to various degrees and picking up other physical traits as the human race’s reach across the planet expanded ever more. The rest of our history as pictured by you above consists of, chronologically speaking, no… Read more »
Alligators and great whites are apex predators. Millions of years of evolution. Only to rarely physically change. But they survive. Have best out countless species to be here. Mankind. I think Lucy and that bog man or that Siberian man found are the oldest known line. I want to say off the top of my head they are 15,000 years old and descend from 100,000 year old Neanderthal and denisovans . In that time, we found it necessary to lose the fur, darken the skin in some climates, change fur color. Evolved to make clothes to do the job fur… Read more »
Amendment. I said I don’t know any animal that kills for fun. And while I don’t speak cat, I’m pretty sure they play with their food. Are they playing as friends and suddenly cat loses and kills the mouse for being smarter? Tom tried. Or does the cat simply enjoy torturing the mouse before killing it. Or does the cat think that the mouse will get tired and it will result in a definite meal anyway. Or is it giving the mouse a sporting chance to get away, earn his freedom, like we did at coliseum. Or did cats learn… Read more »
These are the voyages of humanity on the orbiting planet Earth.
How many of you collected the West Point quarters of 2019 and 2020?
Not I said the fly
I have not ever, Lee, come across one of those fabled W Quarters since they were released.
If you go through enough quarters, you’ll find the occasional S-mint from the 2012-2021 ATB quarters that someone must’ve felt was not good enough to get slabbed too
How very true, Vachon. I’ve found both an “S” Proof and an “S” Silver Proof that way.