Updated figures are now available for the United States Mint’s circulating coin production. Preliminary mintage figures are also available for the Perry’s Victory and International Peace Memorial Quarter and the William Howard Taft Presidential Dollar.
During April 2013, the US Mint struck more than 1.1 billion circulating coins at the Philadelphia and Denver Mint facilities. This is up by 18.87% from previous month when 932 million coins were struck. It is up by an even greater 29.20% from the year ago period of April 2012 when 858 million coins were struck.
Total production for the year to date has now reached more than 4.2 billion coins. This is running more than 1 billion coins ahead of the pace of production in the previous year.
The table below shows the break down of circulating coin production for each denomination at each mint facility for the month of April, along with total production for the year to date.
|2013 US Mint Coin Production Figures|
|Apr 2013||YTD 2013|
|Lincoln Cent – Denver||309.60 M||1,190.80 M|
|Lincoln Cent – Phil.||382.00 M||1,284.40 M|
|Jefferson Nickel – Denver||53.04 M||236.88 M|
|Jefferson Nickel – Phil.||74.16 M||204.96 M|
|Roosevelt Dime – Denver||84.00 M||353.50 M|
|Roosevelt Dime – Phil.||105.50 M||407.50 M|
|Quarters – Denver||47.60 M||278.40 M|
|Quarters – Phil.||47.20 M||211.00 M|
|Kennedy Half – Denver||1.80 M||1.80 M|
|Kennedy Half – Phil.||1.00 M||1.80 M|
|Native Am Dollar – Denver||0||1.82 M|
|Native Am Dollar – Phil.||0||1.82 M|
|Pres Dollar – Denver||2.52 M||10.64 M|
|Pres Dollar – Phil.||0.13 M||19.45 M|
|Total||1,108.55 M||4,204.77 M|
The Philadelphia and Denver Mint facilities struck a combined 691.2 million cents for the month. This represents the highest monthly production level since this site began tracking these figures more than four years ago. As typical, the cent accounted for more than half of overall circulating coin production.
The production of the nickel and dime were more or less within their typical monthly levels for this year. Overall production levels are running ahead of the previous year.
Quarter production shows the largest year over year gain. As discussed in previous articles, after years of striking only minimal numbers of America the Beautiful Quarters, levels have finally increased signifying demand from Federal Reserve Banks for newly minted quarters.
A minimal number of Kennedy Half Dollars were struck during the month. These will be offered by the United States Mint in numismatic bags and rolls scheduled for release in June.
Small numbers of Presidential Dollars were also struck. These coins are no longer produced for circulation, but only distributed by the US Mint at a premium to face value.
|2012 US Mint Coin Production by Design|
|White Mountain Quarter||107.60 M||68.80 M||176.40 M|
|Perry’s Victory Quarter||131.60 M||107.80 M||239.40 M|
|McKinley Dollar||3.36 M||4.76 M||8.12 M|
|Roosevelt Dollar||3.92 M||5.18 M||9.10 M|
|Taft Dollar||3.36 M||4.76 M||8.12 M|
New production figures have been provided by design for the America the Beautiful Quarters and Presidential Dollars.
The Perry’s Victory Quarter shows total production of 239.40 million, divided as 131.60 million coins at Denver and 107.80 million coins at Philadelphia. The William Howard Taft Dollar shows total production of 8.12 million, divided as 3.36 million coins at Denver and 4.76 million coins at Philadelphia.
As mentioned in the past, these production totals by design should be considered preliminary until the close of the year. In the past, the US Mint has reserved the right to restart production based on demand and production capacity.
Numismatic Gold Coin Price Decrease Possible
Based on the available data, it is possible that the prices for the US Mint’s numismatic gold products may be adjusted lower tomorrow. Prices for these products are based on a gird and may be adjusted as frequently as weekly based on changes in the weekly average London Fix prices of the metal.
The average weekly London Fix price of gold is currently within the $1,400 to $1,449.99 range, which compares to the range of $1,450 to $1,499.99 used to establish current prices.
In the most likely scenario, as long as the Wednesday PM London Fix price is below the $1,450 level, then a price decrease should take place. Prices would be adjusted lower proportionally by $50 for each ounce of gold content.
The impacted products would include the 2012 First Spouse Gold Coins, 2013 commemorative gold coins, and 2013 Proof Gold Eagles. Weekly price changes have usually been implemented around mid-morning Wednesday.