The United States Mint’s monthly coin production has been fluctuating between the 500-million and upper-600-million range in recent months, with April’s total returning to the lower end.
April also marked the 20th consecutive month with output below one billion coins – a streak that underscores how much production has slowed compared to earlier periods, when monthly totals routinely exceeded that level. Notably, the Mint had logged eight straight months above one billion just before the current trend began.
During the month, the Mint struck 578.76 million coins for circulation, including cents, nickels, dimes, and quarters. The total represents a 13.7% decline from March but a 57.2% increase compared to April 2024. Dime production was particularly strong at 187 million coins, the highest monthly output since August 2023, when 252.5 million were produced.
Here’s how April’s production compares to previous months over the past year:
April 2024 to April 2025 Circulating Coin Production
| Month | Mintages | Rank |
|---|---|---|
| April 2025 | 578.76 M | 6 |
| March 2025 | 670.42 M | 2 |
| February 2025 | 581.61 M | 5 |
| January 2025 | 633.56 M | 3 |
| December 2024 | 391.70 M | 10 |
| November 2024 | 602.90 M | 4 |
| October 2024 | 826.60 M | 1 |
| September 2024 | 486.00 M | 7 |
| August 2024 | 405.20 M | 8 |
| July 2024 | 235.20 M | 12 |
| June 2024 | 168.22 M | 13 |
| May 2024 | 396.08 M | 9 |
| April 2024 | 368.20 M | 11 |
The U.S. Mint’s primary mission is to manufacture coins in response to public demand. It produces, sells, and delivers circulating coins to Federal Reserve Banks and their coin terminals, ensuring commercial banks and other financial institutions have the necessary supply.
Despite costing the Mint 3.69 cents to produce and distribute each penny, the Federal Reserve consistently orders more of them than any other denomination. In April, the Mint struck 137.2 million Lincoln cents, accounting for 23.7% of all circulating-quality coins produced for the month.
The future of the one-cent coin, however, is increasingly uncertain. On Feb. 9, President Trump ordered an end to its production, calling the move a step toward reducing "wasteful" government spending.
"For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump said in a Truth Social post. "This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time," Trump wrote.
Although overall coin production is up year over year, Lincoln cent output totaled 1.06 billion through the first five months of 2025 – down 13.2% from the 1.22 billion made during the same period in 2024.
Month-Over-Month
In month-over-month comparisons for coins commonly used by Americans, April production saw:
- 58.2% fewer Lincoln cents,
- 26.9% more Jefferson nickels,
- 91.8% more Roosevelt dimes, and
- 4.7% fewer quarters.
Mintages of Native American Dollars and Kennedy Halves
The U.S. Mint also produces other coins in circulating quality, including half dollars and dollars. Although Native American $1 coins are no longer ordered by the Federal Reserve, they continue to be produced in circulating quality for collectors. The same was true for Kennedy half dollars until recent years – specifically in 2021, 2022, 2023, and 2024 – when they were also distributed into circulation.
In many years, the U.S. Mint strikes both denominations in January to meet the expected demand for the entire year. However, that has not been the case for Kennedy half dollars over the past four years, as the Federal Reserve unexpectedly ordered millions more for circulation – approximately 12 million in 2021, 7 million in 2022, 18 million in 2023, and 52 million in 2024 (fiscal, not calendar years).
It remains unclear whether any 2025 Kennedy half dollars will be released into general circulation. In January, production totals stood at 3.6 million coins from the Denver Mint and 5.8 million from the Philadelphia Mint. February added another 2 million from Denver, while March contributed 2.4 million more from Philadelphia. With no reported changes in April, the year-to-date total now stands at 13.8 million coins – 5.6 million from Denver and 8.2 million from Philadelphia.
By comparison, 2024 saw significantly higher production, with 21.9 million half dollars struck at Denver and 15.7 million at Philadelphia, for a combined total of 37.6 million coins.
Mintage levels for 2025 Native American dollars were initially expected to remain largely steady after January, when 1.12 million were struck at the Denver Mint and 1.26 million at the Philadelphia Mint, for a combined total of 2.38 million coins – slightly above the 2024 total of 2.24 million, which included equal splits of 1.12 million from each facility.
However, February data showed an increase to 3.08 million following the addition of 700,000 more coins from Philadelphia. March figures reflected another 700,000 struck at each facility, lifting the cumulative total to 4.48 million. In April, production continued with an additional 420,000 coins from Denver and 700,000 more from Philadelphia, raising the year-to-date total to 5.6 million – split between 2.24 million from Denver and 3.36 million from Philadelphia.
The U.S. Mint began selling rolls, bags, and boxes of 2025 Native American dollars on Jan. 28, followed by the release of 2025 Kennedy half dollar rolls and bags on May 6.
The following table details 2025 circulating coin mintages in April by production facility, denomination, and design.
U.S. Mint Circulating Coin Production in April 2025
| Denver | Philadelphia | Total | |
|---|---|---|---|
| Lincoln Cent | 74,800,000 | 62,400,000 | 137,200,000 |
| Jefferson Nickel | 47,520,000 | 47,520,000 | 95,040,000 |
| Roosevelt Dime | 132,000,000 | 55,000,000 | 187,000,000 |
| Quarters | 44,000,000 | 114,400,000 | 158,400,000 |
| Kennedy Half-Dollar | 0 | 0 | 0 |
| Native American $1 Coin | 420,000 | 700,000 | 1,120,000 |
| Total | 298,740,000 | 280,020,000 | 578,760,000 |
In April, the Denver Mint struck 298.74 million coins, while the Philadelphia Mint produced 280.02 million, for a combined monthly total of 578.76 million coins.
Year-to-date, Denver has struck 1,219,320,000 coins and Philadelphia 1,245,030,000 coins, bringing the combined total to 2,464,350,000 coins – 17.3% more than the 2,101,740,000 coins produced during the same period in 2024.
This next table lists coin production totals by denomination and by U.S. Mint facility:
YTD 2025 Circulating Coin Production by Denomination
| 1 ¢ | 5 ¢ | 10 ¢ | 25 ¢ | 50 ¢ | N.A. $1 | Total: | |
|---|---|---|---|---|---|---|---|
| Denver | 488.2M | 160.08M | 333.5M | 229.7M | 5.6M | 2.24M | 1219.32M |
| Philadelphia | 572.4M | 166.12M | 192M | 302.95M | 8.2M | 3.36M | 1245.03M |
| Total | 1060.6M | 326.2M | 525.5M | 532.65M | 13.8M | 5.6M | 2464.35M |
If the current production pace continues through December, the 2025 annual mintage would near 7.4 billion coins. For comparison, the U.S. Mint produced just over 5.6 billion coins for circulation in 2024, marking the lowest output since 2009.
2025 Quarter Mintages
In addition to the 2025 Native American dollar with its one-year-only design, the U.S. Mint through April has also released the first two of five issues for 2025 from its four-year American Women Quarters™ Program. These coins are the 16th and 17th overall in the series, each featuring a unique reverse design.
The 2025 Ida B. Wells quarter, the first of the year, entered circulation in February, with the Mint offering rolls and bags of the coin to the public beginning Feb. 4. Mintage totals remained unchanged in April, suggesting no further production. As it stands, the coin’s total mintage is 205.85 million – 99.5 million from Denver and 106.35 million from Philadelphia. If these figures hold, the 2025-D and 2025-P Wells quarters would represent the lowest and second-lowest mintages in the series to date, respectively.
The second quarter design of the year, honoring Juliette Gordon Low, entered circulation in March. Rolls and bags went on sale March 25. Production to date has reached 130.2 million coins from Denver and 196.6 million from Philadelphia, for a combined total of 326.8 million.
Finally, it appears production began in April for the third 2025 design featuring Dr. Vera Rubin, scheduled for release in early June. The Mint’s production report by quarter design currently shows a total of 2.2 million coins. For clarity, that figure has not yet been reflected in the Mint’s overall "Circulating Coins" production summary.
This final table shows all American Women quarter dollar mintages by production facility, denomination, and design.
2022-2025 America Women Quarter Mintages
| Denver | Philadelphia | Total | |
|---|---|---|---|
| 2025 Ida B. Wells Quarter | 99,500,000 | 106,350,000 | 205,850,000 |
| 2025 Juliette Gordon Low Quarter | 130,200,000 | 196,600,000 | 326,800,000 |
| 2025 Dr. Vera Rubin Quarter | 0 | 2,200,000 | 2,200,000 |
| 2025 Stacey Park Milbern Quarter | 0 | 0 | 0 |
| 2025 Althea Gibson Quarter | 0 | 0 | 0 |
| 2024 Rev. Dr. Pauli Murray Quarter | 185,800,000 | 168,400,000 | 354,200,000 |
| 2024 Patsy Takemoto Mink Quarter | 187,200,000 | 210,200,000 | 397,400,000 |
| 2024 Dr. Mary Edwards Walker Quarter | 159,400,000 | 141,200,000 | 300,600,000 |
| 2024 Celia Cruz Quarter | 156,200,000 | 149,600,000 | 305,800,000 |
| 2024 Zitkala-Ša Quarter | 170,200,000 | 152,600,000 | 322,800,000 |
| 2023 Bessie Coleman Quarter | 317,200,000 | 302,000,000 | 619,200,000 |
| 2023 Edith Kanaka’Ole Quarter | 368,600,000 | 372,800,000 | 741,400,000 |
| 2023 Eleanor Roosevelt Quarter | 271,800,000 | 284,000,000 | 555,800,000 |
| 2023 Jovita Idar Quarter | 188,000,000 | 190,600,000 | 378,600,000 |
| 2023 Maria Tallchief Quarter | 184,800,000 | 185,800,000 | 370,600,000 |
| 2022 Maya Angelou Quarter | 258,200,000 | 237,600,000 | 495,800,000 |
| 2022 Dr. Sally Ride Quarter | 278,000,000 | 275,200,000 | 553,200,000 |
| 2022 Wilma Mankiller Quarter | 296,800,000 | 310,000,000 | 606,800,000 |
| 2022 Nina Otero-Warren Quarter | 219,200,000 | 225,000,000 | 444,200,000 |
| 2022 Anna May Wong Quarter | 240,800,000 | 226,800,000 | 467,600,000 |
I hope they, whoever is in charge, can just cap the Circulation Kennedy 50C at 13.8m coins and call it good. Let the Iconic coin go out with a reasonable mintage for it’s last hurrah with its original design created over 60 years ago.
2009 and 2024 are similar(coinage-wise) due to economic pressures & uncertainty during the previous year. Namely the Mortgage Crisis, and Inflation/Runaway Spending, respectively(’08 & ’23).
During both of those moments in time(’09 & ’24), people were cashing in their change jars at Coinstar & Banks, reducing public demand for coins imo…
Kind of like Will fhe last one who knows anything please turn off the mints lights when they go…
Really hard to catch those 24-25 JFKs. Maybe I apply @ Brinks or BoA for coin access job.
as time passes I must speculate how many “serious” collectors are left…..
This year may see the fewest AWQ in circulation. Hopefully next year’s 250th anniversary of American Independence will have something to show for it. I still find Bicentennial quarters from time to time.
Rick said two threads back: “There is without a doubt a difference between Std Bullion and Burnished Bullion with the planchet prep, tone/soft-grain, and the depth of strike.” Rick, great pictures and I can see the difference now, vs what I’ve seen online. Probably helps to not be photographed through holder I’d imagine. The W burnished definitely look more silky and satiny smooth and a “crisper, more sharp strike” as Major D noted. Thanks Rick for the great pictures. PS I had to do a double take and upon seeing the different “U” missing the downstroke, I initially got excited,… Read more »
Oh yeah, I totally missed that, good catch — the serif of the U!
Well there’s our proof, in 2008 they changed it up.
Here’s a hi-rez pic…
AKBob, you’re welcome for the Kennedy information re: clarifying end of Kennedy Half, as we know it, a couple threads back. You then said: “I do plan on collecting a high end Kennedy half dollar collection for years 1964 – 1970 and the 1976, all inspired by E1 and Rick. I’m really looking forward to t he “hunt” which is half the fun.” Look out, as I may join that hunt as well! Next E1, said: “AKBob and Rick, Thanks to Rick’s advise on the subset, this is my strategy. Cheers” Thanks E1, for providing a lightbulb, AH Hahh, moment… Read more »
Good stuff there. I’m chasing after an MS67 Basic Silver Short Set if I can.
But really, a Gem-mid grade set would be beautiful, fun, and affordable for anyone really.
I have my add-on Silver Kennedy’s like the 76-S, 98-S, and I’m on the hunt for a high grade ’64 Accented Hair in CAM/DCAM. So jump aboard Cali & AKBob!
I wouldn’t be chasing these if I hadn’t met E1 ✓
https://www.pcgs.com/setregistry/half-dollars/kennedy-half-dollars-specialty-sets/kennedy-half-dollars-basic-silver-short-set-circulation-strikes-1964-1970/801
.
Holy smokes Rick! You have an incredible set of Kennedy’s you were nice enough to share with us here! Just so everyone doesn’t overlook and miss an opportunity to click on these images, please be aware Rick has just given us a taste of what $30,000+ could purchase in High Grade Kennedy Half Dollars! Wow, Wow and more WOW! What up playa! The best of the best with that 1970 D MS67+, and to help you all know how special that coin is, it’s a Top Pop and 1 of only six coins in total, having received that lofty grade!… Read more »
A 1970-S UCAM might add a little charm to that pair. But you got me beat in the 70-D Department!
Cheers Bro
Interesting that the 70d in the Mylar mint set stretches to make a 67! Standards at the mint have improved it seems….
Rick, I keep thinking about that blue box of yours. Every one of those coins are big time money coins now. I know, because I’ve been pricing them lately. That 1965 is an extremely tough coin in that grade. I’ve been looking through my surface stash boxes and may have a few 1965 MS-65/66s. It is all about the Eagle’s eye well on the reverse. I have some older Intercept stash boxes, mostly BU Franklins and Kennedys from my early childhood years that I should revisit. I don’t know if I want to break the seals though. Most of this… Read more »
Just a refresher from my database file. The low mintage rarities are important. But the coins overlooked by the early day hoarders and the conditional rarities can be equally important. Also, 40% Silver Clad coins are still Silver. Kennedy Half Dollars (Low Mintage Keys) 1964 (Accent Hair) P 200,000 est. Proof 1970 (40% silver) D 2,150,000 1998 (90% silver) S 64,141 Matte finish 2012 (90% silver) S 395,443 Proof 2012 P 1,700,000 Lowest Unc Business Strike 2014 (99.99% gold) W 69,319 Proof 2014 P/D 198,268 Unc High Relief Clad Set 2014 (90% silver) S 218,783 Enhanced, Rev Proof, 4 Coin Set 2015… Read more »
E1,
Yes, love the Blue Box, a gift from Ian Russell when I bought the 1965, the coin was inside. Same thing with the’70-D, it came inside a second box. They cost an arm & leg, with no regrets! There’s a couple that may get upgraded to 67+, like the ’64 & ’64-D(unseen 66+). At some point the the 8-coin set will outgrow the blue box. But no worries, I’ve got an 8-coin tray within the Lighthouse 32 coin case. ⇊
Those black Lighthouse 32s look great. I may switch over soon.
Next level, Rick. Nice.
Years ago I got many Intercep boxes for BU wheats and bu “junk” d silver but some of those common 59s or 55s may be 68s, who knows. Rolls of wheat get pricey to slab….
E1,
One man’s toxic waste is another man’s treasure! No hurry, but I’d take another look E1, you might be surprised. If anything, the sub Gem coins that you find is still a hoard of Silver! The E1 Catacombs has revealed more valuables once again. Intercept Shield, I’ve only heard good things about it. I actually have a few IS boxes yet to be filled with Extra V’s, Silver, and whatever else that will benefit from their use. One man’s ugly coin is another man’s one-of-a-kind Gem…
Big Blue in the House – Bam!
Love that pic Braah!
Cheers
98s a key. The sets popped at one time,now le$$….
JQC,
True That. But I think they will make a comeback when the mint retires the series. Buy them now in 70 while they are still cheap. Look for the ones with the pearlescent sheen, strong strike, and perfect centering. I’ve noted these differences over the years.
Best Wishes
And the 2025 Kennedy 2-roll sets are gone! Looks like it took less than the 5-6 day estimate I’d originally predicted. Snooze; you lose!
Just looked still there…..
Actually they just flip flopped the bags and 2-roll sets as far as I can tell? The 2-roll sets are unavailable. 2-roll sets now sandwiched between D and P bags vs all the way to the left, like they had been since drop day. Pretty sneaky!
So far, when using the “usmint.gov/on/demandware.store….” webpage for USM Product inventory, it seems to be reliable.
I followed the Kennedy 2-roll sets for the last week or so, and it worked to see what’s left on the shelf. I’m glad that the webpage is available.
Last night I was able to capture the 2-roll set with one left ⇊
And a minute later, I captured what it had to say about the 2025 Kennedy 2-roll set… ⇊
Next up, the 2025 FL Shuttle Ai 25-coin roll(D), with just 350 left out of 8k…
Thanks for the heads up. I got my 2025 two rolls. They let me place my order just fine. We’ll see what the final number ends up being.
Thanks guys, I’ve posted the coin before, so sorry to the non-Kennedy folks, hang in there! Every few months, the Kennedy coin-talk makes its rounds. Cali, nice find with the ’70-D CoinWeek article! I’ve seen other “A collector’s Guide:” articles from them before, and that one doesn’t disappoint. I started the Silver subset out with a bang, buying the high-end, lower mintage coin first, so the other coins shouldn’t be so painful on the wallet. Dec 1 was big, but Dec 12 was even bigger(FHG Privy)! In fact, all of 2024 was insane in my collecting world. I chose the… Read more »
Hopefully, my above post will stick. If not, I’ll post it again without the CoinWeek link.
Cali I was indeed bidder #7, and almost lost out to bidder #11. I had just eked the coin out in the last 5 seconds.
Bidder #11 is a guy who goes by the name “Goldminers” on the PCGS forum. He has an insane collection of coins & medals, and is a leading PCGS Registry collector.
He, myself, and WAYNEAS had a brief chat about that ’70-D coin a few months back ⇊
https://forums.collectors.com/discussion/comment/13835891/#Comment_13835891
No, my above post(3 posts up) didn’t stick, but it seemed to hang out for a while? So here it is again… “Thanks guys, I’ve posted the coin before, so sorry to the non-Kennedy folks, hang in there! Every few months, the Kennedy coin-talk makes its rounds. Cali, nice find with the ’70-D CoinWeek article! I’ve seen other “A collector’s Guide:” articles from them before, and that one doesn’t disappoint. I started the Silver subset out with a bang, buying the high-end, lower mintage coin first, so the other coins shouldn’t be so painful on the wallet. Dec 1 was big, but Dec… Read more »
Wow, Rick, you got a pretty good deal on that coin and it will pay dividends for you or your heirs down the road in my opinion? Again congratulations, as I’m sure bidder 11 would have definitely placed a higher place holder bid, had he known how serious you were about winning this coin. Amazing that in those 5 seconds, you weren’t sniped, like what often happens over on the “Bay”‘ typically for high demand or competitive products.
They’re….Baaaack! There are currently 58, 2025 Kennedy 2-roll sets available at 10:30 EST.
And….They are gone again. 11:45
Waning interest and stock appears to be falling? $78,000(2/27/22), $51,600(9/15/24), and with just under 14 days to go, currently at $23,600. Kind of wonder who’ll be left holding the bag? Definitely the Rodney Dangerfield of mule coins! A Sacagawea/quarter mule sold on January 21, 2024 for a whopping $194,062! “Mint Error 2001-D Lincoln Cent Muled with Dime Reverse Die “The Eleven Cent Coin” PCGS MS-65 RD”, over at GC. Here is HA with their description from the 9/15/24 auction. “2001-D Lincoln Cent, MS65 Red Muled with a Roosevelt Dime Reverse”. PS Based on this coins precipitous drop in price, I see… Read more »
Strange? Not so strange! Lo and behold, “They’re…Ba – ck! At least 99, 2025 Kennedy Half Dollar 2-roll Sets available and they are again, back to the left side of the page. Definitely appears, the magic shell game, red ball under silver cup trick at play? Too bad the rest of those “Flowing Hair” gold dollars didn’t reappear similarly! After all they had 7,525 more to go, out of a possible mintage limit of 17,500. Surely those AP/ABPP would have liked to buy another 5,000? Oh well, good luck making sense out of that which doesn’t make “cents”? (9:40 am… Read more »
I’d be steaming – except for the fact I’ve kicked the mint’s games and just decided to sit on my stash and be happy. The total unaccountability for everything within the U.S. government is just staggering. Whoever was smart enough to start payroll withholding started the ability for them to steal the fruits of our labors
“So far, when using the “usmint.gov/on/demandware.store….” webpage for USM Product inventory, it seems to be reliable.”
I’ll eat that statement that I had made, no problem?
But hang on, who’s to say that the Mint had packaged, and/or had posted the entire “Product Limit” of 26,250 sets on drop day? Not I, nor anyone else since nobody captured what was “IN STOCK” on the webpage that day, at zero hour(lesson learned).
The Mint shenanigan theories are overstated once again, and not surprising.
3 quarter design out and i have not seen any yet. only found 3 2025 nickels and nothing else.
But no 2024 D Jefferson nickels yet. That’ll be one of the keys in the series if not for 21st century nickels.