The United States Mint’s monthly coin output in 2025 has remained within a relatively narrow range from the upper 500 millions to the upper 600 millions, with May’s total landing near the top of that span.
The month also marked the 21st consecutive month in which production remained below the one-billion mark – a notable stretch that highlights the slowdown compared to earlier periods, when monthly totals regularly surpassed that threshold. Just prior to this trend, the Mint recorded eight straight months with output above one billion coins.
In May, the Mint struck 657.95 million coins for circulation, including cents, nickels, dimes, and quarters. The figure reflects a 13.9% increase from April and a 66.1% jump over May 2024.
Here’s how May’s production compares to previous months over the past year:
May 2024 to May 2025 Circulating Coin Production
| Month | Mintages* | Rank |
|---|---|---|
| May 2025 | 657.95 M | 3 |
| April 2025 | 577.64 M | 7 |
| March 2025 | 669.02 M | 2 |
| February 2025 | 580.91 M | 6 |
| January 2025 | 633.56 M | 4 |
| December 2024 | 391.70 M | 11 |
| November 2024 | 602.90 M | 5 |
| October 2024 | 826.60 M | 1 |
| September 2024 | 486.00 M | 8 |
| August 2024 | 405.20 M | 9 |
| July 2024 | 235.20 M | 12 |
| June 2024 | 168.22 M | 13 |
| May 2024 | 396.08 M | 10 |
*The May total excludes a negative adjustment reflected in the Mint’s May data for 3.22 million Native American dollars – an amount that, based on CoinNews tracking, had inflated monthly totals by 700,000 in February, 1.4 million in March, and 1.12 million in April. Those figures have also been updated.
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 May, the Mint struck 205 million Lincoln cents, accounting for 31.3% 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. In May, the U.S. Treasury announced it had placed its final order for penny blanks and will phase out production of the one-cent coin once current inventories are exhausted.
Month-Over-Month
In month-over-month comparisons for coins commonly used by Americans, May production saw:
- 49.4% more Lincoln cents,
- 32.8% more Jefferson nickels,
- 13.4% fewer Roosevelt dimes, and
- 4% more quarters.
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.
Mintages of Kennedy Halves
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. As of 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 or May, the year-to-date total 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.
Mintages Adjusted for Native American Dollars
In May, mintage levels for the 2025 Native American dollar were revised downward by 3.22 million coins. Initially, totals were reported as follows:
- January: 1.12 million (Denver) + 1.26 million (Philadelphia) = 2.38 million
- February: an additional 700,000 (Philadelphia)
- March: another 1.4 million (700,000 from each facility)
- April: 1.12 million added (420,000 Denver, 700,000 Philadelphia)
However, updated figures now show cumulative production remains exactly as first reported in January at 2.38 million coins. By comparison, 2024 saw slightly lower production, totaling 2.24 million Native American dollars, with equal splits of 1.12 million from each facility.
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 May by production facility and denomination.
U.S. Mint Circulating Coin Production in May 2025
| Denver | Philadelphia | Total | |
|---|---|---|---|
| Lincoln Cent | 137,800,000 | 67,200,000 | 205,000,000 |
| Jefferson Nickel | 45,600,000 | 80,600,000 | 126,200,000 |
| Roosevelt Dime | 57,000,000 | 105,000,000 | 162,000,000 |
| Quarters | 70,900,000 | 93,850,000 | 164,750,000 |
| Kennedy Half-Dollar | 0 | 0 | 0 |
| Native American $1 Coin | -1,120,000 | -2,100,000 | -3,220,000 |
| Total | 310,180,000 | 344,550,000 | 654,730,000 |
In May, the Denver Mint struck 311.3 million coins, while the Philadelphia Mint produced 346.65 million, for a combined monthly total of 657.95 million coins.
Year-to-date, Denver has struck 1,529,500,000 coins and Philadelphia 1,589,580,000 coins, bringing the combined total to 3,119,080,000 coins – 24.9% more than the 2,497,820,000 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 | 626M | 205.68M | 390.5M | 300.6M | 5.6M | 1.12M | 1529.5M |
| Philadelphia | 639.6M | 246.72M | 297M | 396.8M | 8.2M | 1.26M | 1589.58M |
| Total | 1265.6M | 452.4M | 687.5M | 697.4M | 13.8M | 2.38M | 3119.08M |
If the current production pace continues through December, the 2025 annual mintage would near 7.5 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 May 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 were unchanged in April but increased sharply in May, with an additional 43.7 million coins from Denver and 59.85 million from Philadelphia. The coin’s combined mintage now stands at 309.4 million – 143.2 million from Denver and 166.2 million from Philadelphia.
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 from Denver and 200.4 million from Philadelphia – the latter following a 3.8 million increase in May – for a combined total of 330.6 million.
Production began in April for the third 2025 design featuring Dr. Vera Rubin, which entered circulation on June 2, with rolls and bags of them offered on June 3. Just 2.2 million coins were struck in Philadelphia that month. In May, the numbers climbed to 25 million from Denver and 27.8 million from Philadelphia, for a combined total of 52.8 million.
Minting started in May for the fourth 2025 design featuring Stacey Park Milbern, scheduled for release in mid-August. Early totals show 2.2 million coins from the Denver Mint and 2.4 million from the Philadelphia Mint, for a combined 4.6 million.
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 | 143,200,000 | 166,200,000 | 309,400,000 |
| 2025 Juliette Gordon Low Quarter | 130,200,000 | 200,400,000 | 330,600,000 |
| 2025 Dr. Vera Rubin Quarter | 25,000,000 | 27,800,000 | 52,800,000 |
| 2025 Stacey Park Milbern Quarter | 2,200,000 | 2,400,000 | 4,600,000 |
| 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 |
And the silver slaughter begins!
Sam-I-Am, are you out there? REB….ooohh, REB? This weekend, June 27-29 is the 51st annual Raleigh Money Expo! Meet up? “Presented by the Raleigh Coin Club. 190+ dealer tables. Educational programs and exhibits. Free admission and parking.” Exposition Center, NC State Fairgrounds 4285 Trinity Rd Raleigh, NC 27607 Although, I know your supposed to buy the rarest coin in the highest grade you can afford, however I’m contemplating picking up the least expensive, highest grade 1909-1916, 1929 Indian Head $5 Half Eagle I can afford, regardless of rarity? That would be my first Pre 33 gold coin! I really like… Read more »
I like the IH Gold Eagle design too. It’s a very innovative, incuse stamped design.
I bought one back in 2010 or so on eBay for $500 Raw in a flip. I’m not sure that I’d do that today, but maybe if I studied the coin hard enough?
I sent the raw coin in last year – same $5, date, MM, and grade as what you’re looking at – here it is… (more on the GC coin in a sec)…
20y ago I bought several $5 Libs from Gatewest, they all look unmolested. Nice 09d Rick, love the IH design, especially the $10, the incuse (AI preferred “in use”…0h Kay). Are unique in US coinage, seems like an homage to the old Greek coinage….
Still looks like you had a pretty good eye, Rick. Not a bad return on your investment, I’d suspect.
The GC coin you found is fine, but knowing you, and your quest to find a nice, problem free coin, you may consider thinking about it, and take a closer look. 1) The holder is a little banged up, mostly scuffs if you can accept them? The cost to reholder, if desired could cost approx $80 when all is said & done(not to mention a TPG membership or a dealer’s cost to sub for you). 2) There’s a couple of detractors to consider, one being a sizable ding in front of his nose, and the Verdigris/gunk/whatever up front stuck in… Read more »
Cali,
Lastly, it looks like the coin was holdered a bit off-skew as opposed to having a rotated reverse die imo.
My photo edit feature has the coin out of plumb/level at about 9°. A lack of experience, training, or care is the unfortunate result of speedy/sweatshop – pump-it-out practices going on at the TPG’s. – However! – Sometimes the coin will rotate all on it’s own when over handled by dealers/shipping, etc. – especially when in those old “Rattler” holders…
I’d love to go … but … I’ve got to work this weekend. We need to plan a February gathering in Charlotte. If Raleigh has anything going on between December 15 and February 20, I’m in. Wow, the Indian Head Half Eagle is a full plate obverse design! There’s not much open field for anything beyond the head and headdress. I HATE the placement of the mintmark on the reverse. Seems like it should be in one of the fields over or below “In God We Trust”. I’m after the New Orleans version of this exact coin (the last gold… Read more »
On point, what is amazing is the # of AWQs minted, and that I rarely see any new ones, banks no rolls for years. Where the heck are they? Zimbabwae
Well, I have only one roll of AWQs. A Jovida Idar “S” mint roll. You can find the “S” mint rolls on eBay. Still have not found any 2025 Lincoln Cents yet. Just a couple of 2024’s.
E1, I’m digging your duplicates, rejects, or otherwise junk coin boxes Bro. Wow, nary a speck of dust or fingerprint, impressive. Same with the coins within view… “Source: 100 Greatest U.S. Modern Coins, 5th Edition.” – Question E1, while on page 109, the Extra V page, they mention Mike Diamond and Dave Santiago as to who got the ball rolling on the “V” coin. Can you check your new 2026 Red Book to see if Santiago is mentioned? One of the things he told me last year was that he’d like some validation for his work to be recognized by… Read more »
Rick,
The “2026 Redbook” does include the 2023 Extra “V.” But there is no foot note or additional information on the coin. Below is what’s written….
“2023 Extra V”
GSID 375894
Mintage 3,000 est.
MS-65 = $160.00
MS-66 = $195.00
MS-67 = $415.00
Source:
“The Official Red Book, A Guide Book of United States Coins 2026,” by R.S. Yeoman. Jeff Garrett (Editor) and John Feigenbaum (Publisher), 79th Edition, Whitman CDN Publishing, Library of Congress Catalog Card No. 47-22284, “Lincoln, Shield Reverse (2010-DATE), pg. 89
Thanks E1,
I had told him about the recognition & entry within the “greatest” book when it came out, and I’ll let him know about the Red Book entry, in case he’s not aware.
I’m meant it as to multiple AWQ s in circulation….. or at a bank. I gave up on S mint when they hostages them to P and D rolls and no more bags. I’ve recd many 25d cents so far. Tho last BUs were ‘23d
JQC, Wow! I’ve had zero luck on the 2025 Lincoln Cents here in NorCal. Not a one and I’m always checking my change. Lucky you! Cheers
I feel like coins from 2023 and 2024 got held back for whatever reason. Earlier this year, my store got so many boxes of 2023-dated cents, that I only saw circulated ones from my customers for almost two months straight (and I’ve been seeing more 2023 rolls appearing in tills again so we may have gotten at least one more box), then we got a bunch of 2023 dimes (and curiously, 2019 nickels), and we got at least one box of Tallchief (2023) quarters and in May we got at least one box each of Murray, Cruz, and Zitkala-Sa quarters… Read more »
I saw my first 2025 coins yesterday – I received a 2025 cent and two Low quarters in my change.
I’m surprised silver held up above $35 today – usually the banksters can crush it when they get scared it’s going to take off. We’ll see what tomorrow brings. Still a bullish chart with lots of nice features – IF the breakout can hold up.
I’ve got one of those 1909 Indian head $5 – not graded, an inherited coin. It was my first gold coin and it’s just a beauty – coin art! It will never be sold.
I’m returning to the scene of a crime. I found two 1795 Small Eagles. Both are AU-58, and the price is about the same. One looks rougher but real. The other looks shinier but tricked out by photography. What say ye?
The shiny one:
The rougher one:
REB, I made a reply and it may be lost in administration approval limbo. It might be the link I sent. Anyway, the link was for a $5 small eagle MS 62 at David Lawrence rare coins. Check it out if you have the time.
I’ve seen it and it is a beauty. But it’s also $173,750. They do take offers, but they may not take to insulting offers. Remember, I still have to acquire the 1870-CC Half Eagle (pretty pricey in XF), the 1909-O Half Eagle, the 1870 & 1893 Carson City dollars, and the 1792 Half Disme and/or 1793 Large Chain Cent. I think I’m probably going to have to land the 1795 Small Eagle somewhere in the AU range.
The David Lawrence coin link: https://davidlawrence.com/inventory/804432
It’s a tough call. If the rough one didn’t have the mark on the cheek…The reverse field qualifies as rough. Those pics are juiced too. It’s a decent looking coin, but the cheek….
The guy with the shiny one has another in 58 from NGC, but the photos are terrible, and the reverse has an issue at 11:00 like the Stacks one. Patience…….
https://www.ebay.com/itm/376363187628
Rick, I sincerely appreciate you taking the time and thank you very much for the detailed assessment and pictures! You’re definitely an astute observer and have obviously spent the time educating yourself and developing an “eye” for this numismatic game of “hide and seek! What you share with us here is invaluable! Since yourself and E1 began regularly commenting on the old MNB and then thankfully coming over here to Coin News, I believe my awareness and knowledge of many different aspects of collecting has increased dramatically? More than the previous 14 years(08-22) combined on the old MNB! Thanks again… Read more »
Cali,
This game couldn’t get any better. I’m in the cheap seats, Rick is on the 50-yard line, REB is in the Sky-Box, You and JQC are the referees, Cag is keeping score on the PMs, and the Red Book as our Rule Book. And we have tight security too. Pics, videos, and halftime entertainment – It Just Doesn’t Get Any Better! Who needs football or TV for that matter. Your one-stop place for numismatic happiness. Coins! Coins! Coins! Love it! This is the best it has ever been. We’ve come a long way baby!
Cheers
Cali, I replied to you this morning, tried to edit 2-3 times – Spammed… So if you see the following reply twice tomorrow, sorry. I saved it since they allow you to edit even after being Spammed, so here goes… “Cali, ditto back at ya, and thanks. I’m learning as I go, and the more the detailed posts & pics, the more nerdy I feel, and the less ‘work’ I’m getting done! But enjoy either way. You have always been a great contributor, researcher, and enthusiast. So keep up the good work! If you go to the show, cash is… Read more »
The perfect optic for the road warrior numismatist. 20 years later and still working. I think I’ve changed the batteries once since then.
Cheers
I’ve got to get one of those things.
The Florida AI $1 D rolls have returned and currently there are 11 rolls available. Also in today’s Federal Register, a July 22, a CCAC meeting: “Review and discussion of the 2026 FIFA World Cup 2026 Commemorative Coin Program; report from Numismatic Themes Working Group; and review and discussion of the obverse and reverse designs of the Everett Alvarez, Jr. Congressional Gold Medal.” For any wondering who is Everett Alvarez Jr. He is a Vietnam era Navy pilot who was the first pilot shot down and detained, becoming and then enduring over 8 1/2 years of brutal beatings and torture… Read more »
The U.S. Mint throws collectors a bone? The Superman 2 1/2oz Ag medal is going to be limited to 25,000 and a price of $275. So when compared to the price of the 1oz medal for $135, you get an extra 1/2oz of silver for just $5, if you were to buy 2 of the 1oz sizes. The 2 1/2 oz medal has no HHL and should sell out first day IMO. Intrinsic value is approximately $90. So you’re looking at a 300% premium! Just think, if the U.S. Mint charged the same premium on gold? You’d be looking at… Read more »
Looks like the gold’s limit is 10,000 with an HHL of 1. That seems fair even if the Comic Con folks are all in.
I think Cali had this coin in mind for you to consider ⇊. It’s up for auction today!
It is very nice, and that sun-ray/print is there on the back, depending on the lighting angle……
https://auctions.stacksbowers.com/lots/view/3-1JHX35/1926-sesquicentennial-of-american-independence-quarter-eagle-ms-66-pcgs
Nvidia (NVDA) is currently trading Higher than the All-Time closing high of $149.43 on January 6, 2025.
Currently trading @ $151.82…
NVDA $153.78, ↑ $5.81 (11:15 AM PST 6/25/2025). It’s on the move!
Nvidia closed @ $154.31. Once again, the world’s most valuable company…
Cheers!
Thanks for another Jam E1! AC/DC Definitely a favorite and one of the best concerts I’ve ever seen. 2001 in Denver at the Pepsi Center, now known as Ball arena! Angus’s energy and performance completely off the chart! I will say, however my bucket list concert back on May 31st in Charlotte to see “Metallica” was an amazing show and also is a top “One”-5 contender as well! Great set, chalked full of classics! To some great pics and video! PS Thanks Rick and E1 for magnifying glass suggestion! Will try to get one of those Carson’s before heading to… Read more »
Have fun!
Looking forward to a report later.