The United States Mint has updated their circulating coin production figures to include production through the close of the 2012 calendar year.
During the month of December 2012, production was 245.34 million pieces. This was down from the prior month when 765.76 million coins were produced, and down from the year ago period when 431.78 million coins were produced.
For the full 2012 calendar year, circulating coin production reached about 9.34 billion pieces. This represents an increase of 13.9% from the prior year and represents the third consecutive year that production has increased.
US Mint coin production bottomed in 2009 when 3.55 billion coins were struck. Orders for new coins plummeted as the economic situation slowed down commerce and also resulted in a backwash of old coinage re-entering the system. With previously issued coins flowing back to Federal Reserve Banks, there was little need to order newly produced coins from the Mint. The effects lingered for certain denominations such as the quarter, but overall production rebounded to 6.34 billion in 2010, 8.2 billion in 2011, and now 9.34 billion in 2012.
The table below presents a breakdown of circulating coin production for December, along with total production for the 2012 calendar year.
|2012 US Mint Coin Production Figures|
|Dec 2012||Full Year 2012|
|Lincoln Cent – Denver||101.60 M||2,883.20 M|
|Lincoln Cent – Phil.||46.00 M||3,132.00 M|
|Jefferson Nickel – Denver||25.2 M||558.96 M|
|Jefferson Nickel – Phil.||9.84 M||464.64 M|
|Roosevelt Dime – Denver||37.00 M||868.00 M|
|Roosevelt Dime – Phil.||22.50 M||808.00 M|
|Quarters – Denver||0.40 M||313.81 M|
|Quarters – Phil.||2.80 M||254.20 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.80 M|
|Native Am Dollar – Denver||0||3.08 M|
|Native Am Dollar – Phil.||0||2.80 M|
|Pres Dollar – Denver||0||16.24 M|
|Pres Dollar – Phil.||0||27.80 M|
|Total||245.34 M||9,336.23 M|
The additional table below compares the full year 2012 production to the full year 2011 production for each denomination.
|2012 vs 2012 US Mint Circulating Coin Production|
|Full Year 2012||Full Year 2011||Change|
|Cents||6015.20 M||4938.54 M||21.80%|
|Nickels||1023.60 M||990.24 M||3.37%|
|Dimes||1676.00 M||1502.00 M||11.58%|
|Quarters||568.01 M||391.20 M||45.20%|
|Half Dollars||3.50 M||3.45 M||1.45%|
|Native Am Dollars||5.88 M||77.56 M||-92.42%|
|Pres Dollars||44.04 M||297.36 M||-85.19%|
|Total||9336.23 M||8200.35 M||13.85%|
Behind the 13.85% change in overall production, there were significant shifts in production by denomination. The production of Presidential Dollars and Native American Dollars both plummeted. This was due to the Treasury Department decision to suspend production of the coins for circulation.
The denomination which saw the biggest gain was the quarter, which saw production increase by 45.20% compared to the prior year. Much of the production gains for the denomination came in the fourth quarter of this year. The denomination with the next largest gain was the cent, which was up by 21.80% compared to the prior year.
The final table below shows the production totals by design for the 2012 America the Beautiful Quarters and 2012 Presidential Dollars. The one change to the tables from their last appearance is the addition of totals for the Denali National Park Quarter.
|2012 US Mint Coin Production by Design|
|El Yunque Quarter||25.00 M||25.80 M||50.80 M|
|Chaco Culture Quarter||22.00 M||22.00 M||44.00 M|
|Acadia Quarter||21.606 M||24.80 M||46.41 M|
|Hawaii Quarter||78.60 M||46.20 M||124.80 M|
|Denali Quarter||166.60 M||135.40 M||302.00 M|
|Arthur Dollar||4.06 M||6.02 M||10.08 M|
|Cleveland Dollar||4.06 M||5.46 M||9.52 M|
|Harrison Dollar||4.20 M||5.64 M||9.84 M|
|Cleveland (2) Dollar||3.92 M||10.68 M||14.60 M|
The Denali Quarter saw total production of 302 million coins, made up of 135.40 million at the Philadelphia Mint and 166.60 million at the Denver Mint. Previous posts have mentioned the increased production for this design. With the final figures now confirmed, there were actually more Denali Quarters produced than the combined total for the four other designs issued for 2012.
I wanted to briefly relay a few other bits of information. Sell outs for the US Mint’s 2012 numismatic products continue. The 40-coin rolls of “S” mint marked circulating quality Chaco Culture Quarters and Hawaii Volcanoes Quarters have both sold out. The 100-coin bags for these two designs sold out previously, meaning the coins are no longer available from the Mint.
The only circulating quality “S” mint mark quarter products still available from the Mint are the 40-coin rolls for Denali National Park and Acadia National Park.
Following up on a previous post, the US Mint’s 2012 annual report included statement that the total number of 2012 San Francisco Silver Eagle Sets sold was 179,921, significantly lower than the last updated sales total of 224,981 provided by the Mint.
Within comments to the post, a reader correctly surmised that the figure from the annual report reflected units shipped within the fiscal year ended September 30, 2012. Additional sets shipped after the close of the fiscal year were not included in the total. I have confirmed this with the Mint and the sales total of 224,981 stands.