The United States Mint has just posted the first monthly circulating coin production figures of the year, indicating more than 1.5 billion coins struck across all denominations.
The exact production total of 1,529,180,000 circulating coins for January 2015 exceeds the monthly total from the year ago period by about 5.51%. More significantly, the latest monthly total represents the highest monthly total since Mint New Blog began tracking the numbers around five years ago.
The table below shows the break down of circulating coin production for each denomination at each mint facility for January 2015.
|2015 US Mint Coin Production Figures|
|Lincoln Cent – Denver||314.00 M|
|Lincoln Cent – Phil.||352.40 M|
|Jefferson Nickel – Denver||108.00 M|
|Jefferson Nickel – Phil.||59.28 M|
|Roosevelt Dime – Denver||107.00 M|
|Roosevelt Dime – Phil.||105.00 M|
|Quarters – Denver||248.60 M|
|Quarters – Phil.||220.00 M|
|Kennedy Half – Denver||2.30 M|
|Kennedy Half – Phil.||2.30 M|
|Native Am Dollar – Denver||2.10 M|
|Native Am Dollar – Phil.||2.24 M|
|Pres Dollar – Denver||6.72 M|
|Pres Dollar – Phil.||9.24 M|
When comparing the totals to the year ago period, it is interesting to note that the figures for the cent indicate a decline in year over year production. Last year, the US Mint had struck 843.6 million cents in January compared to 666.4 million cents this year.
The overall gains in production were driven by the quarter dollar, which saw numbers up significantly year over year. Last year, January quarter production reached 216.8 million compared to 468.6 million quarters struck this year.
Of course, one month’s worth of data does not establish a trend, but these two denominations will be interesting to watch during the course of the year.
Other figures of note include the 2015 Kennedy Half Dollar with 2.3 million pieces struck at each facility. This year, all versions of the coin will feature the restored original portrait of President Kennedy by Gilroy Roberts, which may serve to drive greater demand.
The 2015 Native American Dollar saw initial production of 2.1 million pieces at Denver and 2.24 million pieces at Philadelphia. Unless the US Mint strikes more during the year, this would represent a step down from the prior year levels.
The Presidential Dollars show production of 6.72 million pieces at Denver and 9.24 million pieces at Philadelphia. This may represent the bulk of the production for the coins honoring Harry S. Truman.
In other news, it’s that time of the week again when precious metals prices may result in price reductions for the United States Mint’s numismatic products.
Numismatic gold products are currently priced based on an average gold price in the $1,250 to $1,299.99 range. Based on the available data, the average for the current weekly period may end up one tier lower. In the most likely scenario, as long as the Wednesday PM Gold Fix Price is below $1,250, then a price decline would take place.
The impacted products include the 2013 & 2014 First Spouse Gold Coins, the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin, and the 2015 US Marshals $5 Gold Coins.