The United States Mint has provided updated circulating coin production figures through April 2014. Separately, additional details have been revealed about the US Mint’s proposed information collection methods which will be used to understand the public’s use and perception of circulating coins.
For the month of April 2014, the US Mint struck just over 1 billion circulating quality coins at the Philadelphia and Denver Mint facilities. This was relatively flat compared to the prior month, but marked a decline of 9.1% compared to the year ago period when monthly production had reached 1.11 billion.
Total production for the year to date has now reached 4.42 billion pieces. This is up by 5.2% compared to production from the same period in the prior year.
The table below includes a breakdown of circulating coin production figures by denomination and mint facility for April 2014, along with total production levels for the year to date.
|2014 US Mint Coin Production Figures|
|Apr 14||YTD 2014|
|Lincoln Cent – Denver||288.00 M||1,326.00 M|
|Lincoln Cent – Phil.||299.20 M||1,267.60 M|
|Jefferson Nickel – Denver||39.36 M||193.92 M|
|Jefferson Nickel – Phil.||63.12 M||202.08 M|
|Roosevelt Dime – Denver||82.00 M||370.00 M|
|Roosevelt Dime – Phil.||92.50 M||380.00 M|
|Quarters – Denver||62.40 M||368.20 M|
|Quarters – Phil.||79.00 M||266.40 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||2.38 M||14.42 M|
|Pres Dollar – Phil.||0||19.88 M|
|Total||1,007.96 M||4,421.78 M|
Monthly production levels for the denominations fell within their recent typical ranges. The cent accounted for more than half of all production at 587.2 million pieces. The next highest production took place for the dime, followed by the quarter, and then the nickel. Only a small number of $1 coins were produced during the month and no half dollars were struck. The two highest coin denominations are not struck for general circulation, but only produced in quantities necessary to fulfill collector demand from the US Mint’s numismatic bag and roll offerings.
There were no updates or changes to the production totals by design. Figures are available for the first two of the five America the Beautiful Quarters and the first three of the four Presidential Dollars to be issued for this year.
|2014 US Mint Coin Production by Design|
|Great Smoky Mountains||99.40 M||73.20 M||172.60 M|
|Shenandoah||197.80 M||112.80 M||310.60 M|
|Warren G. Harding||3.78 M||6.16 M||9.94 M|
|Calvin Coolidge||3.78 M||4.48 M||8.26 M|
|Herbert Hoover||3.78 M||4.48 M||8.26 M|
As noted earlier, the United States Mint has provided more details on the information collection methods that will be used to understand the public’s use and perception of circulating coins. These details were revealed in a notice published in the Federal Register, which solicits comments on the proposed information collection methods.
The information collected will cover the following topics concerning the use of alternative metals in the production of circulating coins: metallic content, color, design change, height/relief of elements, density/weight, related savings to taxpayer, related cost to industry.
Focus groups will be used to for qualitative research to meet the need for direct and informational opinions on specific topics. Consumer responses to the physical characteristics of alternative metal coins experienced in person will also be gauged, which suggests that the Mint will allow participants to physically handle prototype or “nonsense” coins struck with differing compositions and specifications. The US Mint projects the need for 10 focus groups with an average of nine people per ground lasting 1.5 hours each.
Quantitative research will be performed through an online survey with an estimated 1,200 respondents averaging 12 minutes per response and a telephone survey with an estimated 1,000 respondents to a 12 minute questionnaire.
The surveys will ask individuals to compare and rate different scenarios of possible metallic compositions of circulating coins. Demographic and psychographic information will also be gathered to understand how the characteristics correlate to different preferences.
The information gathered from the focus groups and surveys will be included amongst the factors under consideration when the United States Mint makes potential recommendations to Congress on changes to the Nation’s circulating coins.