The United States Mint has provided updated circulating coin production figures through the month of March 2015. For the third month in a row, the monthly production total surpassed one billion coins.
For the month of March 2015, the US Mint facilities at Philadelphia and Denver struck just over 1.4 billion circulating quality coins across five denominations. The figure was up from the prior month when production had reached 1.28 billion and also up from the prior year period of March 2014 when production was 1.03 billion pieces.
The table below shows the break down of circulating coin production for each denomination at each mint facility for March 2015.
|2015 US Mint Coin Production Figures|
|Mar 2015||YTD 2015|
|Lincoln Cent – Denver||420.00 M||1,094.40 M|
|Lincoln Cent – Phil.||372.80 M||1,092.80 M|
|Jefferson Nickel – Denver||70.80 M||238.56 M|
|Jefferson Nickel – Phil.||62.40 M||171.60 M|
|Roosevelt Dime – Denver||127.00 M||350.50 M|
|Roosevelt Dime – Phil.||122.00 M||344.50 M|
|Quarters – Denver||115.80 M||465.60 M|
|Quarters – Phil.||103.40 M||421.20 M|
|Kennedy Half – Denver||0||2.30 M|
|Kennedy Half – Phil.||0||2.30 M|
|Native Am Dollar – Denver||0.14 M||2.24 M|
|Native Am Dollar – Phil.||0||2.80 M|
|Pres Dollar – Denver||4.20 M||10.92 M|
|Pres Dollar – Phil.||4.90 M||20.86 M|
|Total||1,403.44 M||4,220.58 M|
With 792.8 million pieces struck across both mint facilities, the cent accounted for 56.5% of overall circulating coin production during the month. Although the cost to produce and distribute the cent still exceeds its face value, the cost has declined for three consecutive years.
The next most produced denominations were the dime at 249 million pieces and the quarter at 219.2 million pieces. The nickel, which is the other denomination which costs more than its face value to produce and distribute, had total production of 133.2 million pieces.
There was nominal production of the Native American Dollar during the month. Lastly, there were 10.1 million circulating quality Presidential Dollars produced.
|2015 US Mint Coin Production by Design|
|Homestead||248.60 M||214.40 M||463.00 M|
|Harry S. Truman||3.50 M||4.90 M||8.40 M|
|Dwight D. Eisenhower||3.36 M||4.90 M||8.26 M|
The production totals by design did not see any new entries during the month. However, there was a slight adjustment to the figure for the Harry Truman Presidential Dollar, which was increased from 8.26 million pieces to 8.4 million pieces.
Possible Price Decrease for Numismatic Gold Coins
Based on the available data, it is possible that the prices for the United States Mint’s numismatic gold coins may be decreased tomorrow. This would reverse the price increase which was implemented last week.
If the average weekly gold price, calculated based on the London Fix prices from the prior Thursday AM to the present Wednesday AM, falls into the range of $1,150 to $1,199.99 and the Wednesday PM Fix price is below $1,200, then the price decrease would take place.
The impacted products would include the remaining available First Spouse Gold Coins, 50th Anniversary Kennedy Half Dollar Gold Proof Coin, 2015 commemorative gold products, the 2015 Proof Gold Eagle products, and the recently released 2015 Proof Gold Buffalo. The prices for the products would be decreased by the equivalent of $50 per ounce of gold content.
Pricing changes for numismatic gold products have typically been made effective around mid-morning Wednesday.