The United States Mint has provided updated circulating coin production figures through March 2014. Preliminary mintage levels have also been provided for the Shenandoah National Park Quarter and Herbert Hoover Presidential Dollar.
For the month of March 2014, the US Mint struck 1.025 billion circulating quality coins at the Philadelphia and Denver facilities. This marked an increase compared to the prior month when production had reached 939.04 million pieces. The latest monthly total was up by 9.96% compared to the year ago period of March 2013 when production had reached 932.56 million pieces.
The table below contains a breakdown of circulating coin production by denomination and mint facility for March 2014, along with total production levels for the year to date.
|2014 US Mint Coin Production Figures|
|Mar 2014||YTD 2014|
|Lincoln Cent – Denver||316.00 M||1,038.00 M|
|Lincoln Cent – Phil.||295.20 M||968.40 M|
|Jefferson Nickel – Denver||43.92 M||154.56 M|
|Jefferson Nickel – Phil.||48.72 M||138.96 M|
|Roosevelt Dime – Denver||81.50 M||288.00 M|
|Roosevelt Dime – Phil.||94.50 M||287.50 M|
|Quarters – Denver||83.40 M||305.80 M|
|Quarters – Phil.||53.20 M||187.40 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||2.94 M||12.04 M|
|Pres Dollar – Phil.||6.02 M||19.88 M|
|Total||1,025.40 M||3,413.82 M|
During the month, the cent accounted for 59.6% of overall production with 611.2 million pieces struck at the Philadelphia and Denver facilities. The production level for the year to date is up about 12.5% compared the same period for the prior year.
The possibility of eliminating the cent has been raised, as the US Mint continues to evaluate possible changes to circulating coinage. Deputy Director Richard Peterson recently mentioned stopping production as a “discussion topic” and the US Mint has indicated their intention to use opinion surveys and focus groups to understand consumer behavior and actions regarding the use of coins, “especially the penny.”
Year to date production levels for the nickel and dime are roughly flat year over year, while production of the quarter is up by 24.8%. The quarter has been showing recent gains following several years of subdued production due to a large overhang of existing inventory for the denomination. From a financial standpoint, the increased seigniorage generated by the quarter has helped offset the losses generated by the cent and nickel as well as the reduced seigniorage generated by the Presidential Dollars.
|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|
Preliminary production totals are available for two additional coins this month. The 2014 Shenandoah National Park Quarter had 197.8 million pieces struck at the Denver Mint and 112.8 million pieces struck at the Philadelphia Mint for an overall total of 310.6 million. This amount is up sharply from the previous Great Smoky Mountains design, but remains below the high for the series established by the 2013 Mount Rushmore design at 504.2 million.
The 2014 Herbert Hoover Presidential Dollar saw production of 3.78 million pieces at Denver and 4.48 million pieces at Philadelphia for an overall total of 8.26 million. These figures match the levels of the prior design featuring Calvin Coolidge.