The United States Mint has provided the first figures on circulating coin production for the year. These figures include coins struck for circulation at the Philadelphia and Denver Mint facilities during January 2012.
For the month, total production reached 802.50 million. This is up significantly from the previous month when 431.78 million coins were produced, although December is typically a light month for production. The current month total is up about 5% from the year ago period of January 2011 when 764.73 million coins were produced.
Looking at the production figures by denomination reveals big shifts in production for certain denominations.
|2012 US Mint Coin Production Figures|
|Lincoln Cent – Denver||162.40 M|
|Lincoln Cent – Phil.||306.00 M|
|Jefferson Nickel – Denver||41.04 M|
|Jefferson Nickel – Phil.||42.24 M|
|Roosevelt Dime – Denver||84.00 M|
|Roosevelt Dime – Phil.||110.00 M|
|Quarters – Denver||25.00 M|
|Quarters – Phil.||25.80 M|
|Kennedy Half – Denver||1.70 M|
|Kennedy Half – Phil.||1.80 M|
|Native Am Dollar – Denver||0.84 M|
|Native Am Dollar – Phil.||0|
|Pres Dollar – Denver||0.84 M|
|Pres Dollar – Phil.||0.84 M|
The US Mint struck 468.4 million cents across both mint facilities. This compares to 398 million cents struck in the year ago period. Within the US Mint’s most recent annual report, the acting CFO had warned that demand for cents and nickels were expected to increase in the coming year. Cents accounted for 58% of all circulating coins produced by the US Mint for the current month.
The number of nickels produced at 83.28 million showed a slight decline from the year ago level, while dimes at 135 million were up slightly.
Quarter production at 50.8 million was down from the 61.2 million production in the year ago period. Towards the end of last year, quarter production seemed to be on the increase, so the latest numbers are somewhat surprising. However, it is still early in the year and it may take a few more months for a clear trend to emerge.
Following the announcement that production of Presidential Dollars for circulation would be suspended, the number of $1 coins produced is dramatically lower than the prior year. For the month of January 2012, the US Mint produced in 2.52 million $1 coins including both Presidential Dollars and Native American Dollars. This compares to production of 78.96 million $1 coins during January 2011.
The production of Presidential Dollars of 0.84 million each at the Philadelphia and Denver Mint was most likely for the next release of the series featuring Chester A. Arthur. The US Mint has not indicated this amount as the final mintage for the design, so likely more will be struck in the coming months.
The release date for the first 2012 Presidential Dollars is still unknown. Prior to the announcement of the suspension, the Chester Arthur Dollars had a circulation release date of February 16, 2012. Until recently, the US Mint had preliminary product pages on their website for the Chester Arthur Dollar rolls and the 2012 Presidential Dollar Proof Set. These pages were removed about a week ago and the products listed as “TBD” within the product release schedule. So far the US Mint’s website has not made any mention of the 100-coin bags, 250-coin boxes, and 500-coin boxes that were listed within a product pricing notification.