Updated circulating coin production figures are now available for the United States Mint through the month of February 2014. Preliminary mintages are also available for the Great Smoky Mountains National Park Quarter, Warren G. Harding Dollar, and Calvin Coolidge Dollar.
For the month of February 2014, the US Mint facilities at Philadelphia and Denver struck 939.04 million circulating quality coins. This was down from the prior month which had unusually high production of nearly 1.45 billion, and roughly flat with the year ago period of February 2013 when production was 939.98 million.
The table below includes a breakdown of circulating coin production for each denomination by mint facility for the month of February 2014, along with total production for the year to date.
|2014 US Mint Coin Production Figures|
|Feb 2014||YTD 2014|
|Lincoln Cent – Denver||283.20 M||722.00 M|
|Lincoln Cent – Phil.||268.40 M||673.20 M|
|Jefferson Nickel – Denver||43.68 M||110.64 M|
|Jefferson Nickel – Phil.||39.36 M||90.24 M|
|Roosevelt Dime – Denver||76.00 M||206.50 M|
|Roosevelt Dime – Phil.||79.50 M||193.00 M|
|Quarters – Denver||85.00 M||222.40 M|
|Quarters – Phil.||54.80 M||134.20 M|
|Kennedy Half – Denver||0||2.10 M|
|Kennedy Half – Phil.||0||2.50 M|
|Native Am Dollar – Denver||0||5.60 M|
|Native Am Dollar – Phil.||0||3.08 M|
|Pres Dollar – Denver||2.80 M||9.10 M|
|Pres Dollar – Phil.||6.30 M||13.86 M|
|Total||939.04 M||2,388.42 M|
As usual, the cent accounted for the majority of overall production. There were 551.6 million cents were struck across both facilities, representing 58.7% of overall production.
The next highest produced denomination was the dime at 155.5 million pieces, followed by the quarter at 139.8 million, and the nickel at 83.04 million. Lastly, there were 9.1 million Presidential Dollars struck during the month.
On the topic of circulating coinage, the President’s recently submitted Budget for Fiscal 2015 specifically mentioned the penny and the nickel. The cost to produce and distribute these denominations has remained well above their respective face values at 1.83 cents for each cent and 9.41 cents for each nickel. The Budget indicates that studies being undertaken by the Treasury Department will result in the development of alternative options for the two denominations.
While no specifics are mentioned, reports from earlier this year had mentioned a “brown nickel” struck in copper plated zinc and indicated that stopping production of the cent was a “discussion topic.”
We may see recommendations for the two denominations within a biennial report due to Congress at the end of this year. Ultimately, the authority to implement any changes rests with Congress.
|2013 US Mint Coin Production by Design|
|Great Smoky Mountains||99.40 M||73.20 M||172.60 M|
|Warren G. Harding||3.78 M||6.16 M||9.94 M|
|Calvin Coolidge||3.78 M||4.48 M||8.26 M|
The US Mint has provided preliminary production totals by design for the first America the Beautiful Quarter and the first two Presidential Dollars for this year. These totals should be considered preliminary until the close of the calendar year.
The Great Smoky Mountains National Park Quarter had overall production of 172.6 million pieces. This is down sharply from the prior design featuring Mount Rushmore which had 504.2 million pieces struck. It also ends the streak increasing mintage levels for the past five designs.
The Warren G. Harding and Calvin Coolidge Presidential Dollars had overall production of 9.94 million and 8.26 million pieces respectively. These amounts are roughly in line with the production levels for last year’s designs, which ranged from 7.98 million to 9.23 million.