US Mint Circulating Coin Production June 2014

archesThe United States Mint’s circulating coin production figures have been updated to reflect coins struck through June 2014. The preliminary production total for the 2014 Arches National Park Quarter has also been indicated.

During the month of June 2014, the US Mint struck 1.28 billion circulating quality coins at the Philadelphia and Denver facilities. This measured a slight decline from the prior month when 1.33 billion coins were struck. However, it registered a gain of almost 20% compared to the year ago period of June 2013, when production reached 1.07 billion coins.

Total production for the first half of the year has reached 7.03 billion pieces. This amount is up by about 10.5% compared to the comparable year ago period.

The table below shows a breakdown of circulating coin production by denomination and mint facility for June 2014, along with totals for the year to date.

2014 US Mint Coin Production Figures
June 2014 YTD 2014
Lincoln Cent – Denver 515.20 M 2,205.60 M
Lincoln Cent – Phil. 349.20 M 2,051.60 M
Jefferson Nickel – Denver 58.32 M 306.72 M
Jefferson Nickel – Phil. 69.60 M 332.16 M
Roosevelt Dime – Denver 84.00 M 581.00 M
Roosevelt Dime – Phil. 30.50 M 538.50 M
Quarters – Denver 106.00 M 548.60 M
Quarters – Phil. 67.00 M 415.80 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 0 15.26 M
Pres Dollar – Phil. 0 19.88 M
Total 1,279.82 M 7,028.40 M

During the month, the cent accounted for more than two-thirds of overall production with 864.4 million pieces struck. For the year to date, cent production now tops 4.2 billion pieces, up by about 11% compared to the year ago period.

Quarters were the next largest contributor to production with 173 million pieces struck across the Philadelphia and Denver Mint facilities. Year to date production has reached 964.4 million, up by more than 33% compared to the year ago period. During the past two years, the quarter has seen the strongest gains in production of all the denominations. This has helped to outweigh the reduced seigniorage from the $1 coin denomination and the negative seigniorage generated by the cent and nickel.

Rounding out production for the month, there were 127.92 million nickels and 114.5 million dimes struck across both facilities. Production for these denominations has been roughly steady compared to the year ago period.

There were no half dollars or $1 coins struck during the month. These denominations are no longer produced for circulation, but only struck to fulfill collector demand.

Production figures by design for the America the Beautiful Quarters and Presidential $1 Coin Programs appear below. These figures should be considered preliminary until the close of the year, as the US Mint has reserved the right to revisit additional production if warranted by demand.

2014 US Mint Coin Production by Design
Denver Phil. Total
Great Smoky Mountains 99.40 M 73.20 M 172.60 M
Shenandoah 197.80 M 112.80 M 310.60 M
Arches 251.40 M 214.20 M 465.60 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
Franklin D. Roosevelt 3.92 M 4.76 M 8.68 M

The chart now includes production figures for the 2014 Arches National Park Quarter, which came in at 251.4 million pieces at Denver and 214.2 million pieces at Philadelphia. The overall total of 465.6 million exceeds the figures for the prior two designs by a wide margin.

The lowest overall production for an issue of the America the Beautiful Quarters series occurred for the 2012 Chaco Culture National Historical Park Quarters at 44 million pieces. The highest overall production occurred for the 2013 Mount Rushmore National Memorial Quarter at 504.2 million.

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Comments

  1. SilverFan says

    Just got an Arches quarter in change this morning. Not surprised given these high mintages.

  2. Ray says

    Wow, i just looked at the sales #s for the 2014 FS Harding. They are well below the previous low starting #s. 907 for proof and 574 for unc. I think the previous lows were for Edith Roosevelt at 1089 for proof and 673 for unc. The 2014’s are coming out about 5 months before when the 2013s came out, so I’m curious to see how much of an affect, if any, 5 months extra offering time does for this coin. probably nothing, but i’ll be watching.

  3. Brad says

    Ray,

    One factor about the low sales for Florence Harding may be that those of us who don’t care about getting a “First Strike” or “Early Releases” designation held off buying our coins for at least one more week, so we can get our Grace Coolidge coins for the same s/h charge. I fall into that category.

    Plus, the way gold tanked today we can hold out hope that maybe next week there might be a price drop. I’ll be watching the gold price closely, and if it appears that there will be an increase I’ll probably just pull the trigger and buy whatever 2014’s are available before that happens. In the meantime, I may hold off and wait for some price drops. First Spouse coins were $815 and $795 just a few weeks ago. I’m sick of overpaying for these. I spent over $1,000 above the lowest price point the 2012’s were sold for because I bought them early, and $300 above the low point for the 2013’s.

  4. Clark says

    Purchasing as many gold BHoFs as I could afford this weekend, two observations got my attention:

    1) There is still a large supply of gold BHoF coins available on ebay. The most accurate measure of fair market value seems to be ModernCoinMart’s auctions, which begin at $0.01 (no reserve) and end wherever the market leads. MCM appears to have had most of the gold BHoFs it sent to NGC graded in the special HOF player labels; and

    2) After dipping below $600 for NGC MS70 on Friday, purchase prices rose to around $630 and remained there–for now.

    Although it’s still too early to predict, FMV of gold BHoF coins may have hit bottom and are beginning (slowly) to begin the gradual climb to long term values. This could be the proverbial “dead cat bounce,” but I doubt it because all supply from the mint is almost completely distributed and can never increase. MCM and some smaller dealers appear to be unloading a lot of their graded and ungraded gold BHoF inventories. Once that supply is depleted, fmv should increase over time because some demand will always exist, but increases in supply will not. One ebay coin dealer is selling 50 unc gold BHoFs sealed in the mint shipping box for $55,000.00 obo or $1,100 per coin. It will be telling to see how much longer dealers can hold on to inventories, to the extent they exist.

  5. halfpint says

    ITS GOING TO BE A LONG TIME BEFORE WE SEE FINAL PRICES ON THES BASEBALL COINS ,I JUST GOT MY COINS LAST THURSDAY JULY 10TH. THERE ARE GOING TO BE MANY COINS TO BE GRADED YET,I KEEP SAYING THE MARKET IS GOING TO BE FLOODED WITH THESE THINGS,THEY MADE WAY TO MANY ,COMPARED TO OTHER PAST COMMENS.THE GUY THAT MADE THE MONEY IS THE ONES THAT FLIPPED THE VERY FIRST WEEK OR SO. I WAS TALKING TO A BIG DEALER AND HE SAID YOU HAVE NOT EVEN SEEN THE BOTTOM YET

  6. says

    @ Clark, Doing my daily results on the bay and one month ago (06/14) offerings for graded Gold BHOF coins have increased by 287% while Gold OGP have decreased by 25%. Today there is one Specific coin dealer that has 13 MS70’s up for auction. Every day that he sells he just reloads with more 70’s. The Gold OGP is being crowded out NOT by supply by the small guy but by the graded coins from dealers that have a business plan that operates off of a smaller margin. Once that One dealer runs out of supply I would think prices should improve. I just ? where all that supply of graded 70’s came from all at once.

  7. fmtransmitter says

    From their submitted order to the TPG? I don’t understand the question cag>?

  8. Wes says

    Due to the long delay I was tempted to cancel my order for BHOF Dollar coin. I have seen pictures of it that made it look dull but I may have been looking at the clad version. After looking at some photos on Ebay I like the coin better than the proof version. In the Gold I like the proof better but they are all nice looking coins except the clad unc IMO.

  9. says

    @fmtransmitter, Just thinking out loud. Early on in the BHOF saga some major dealers were absent on the Gold offering. They had a stong presence on the Silvers but not the Golds. Like they were caught off guard and had no inventory. NOW it appears that they have inventory and they are just selling with little regard for margin because they have so many. I just wonder how much longer their inventory of graded coins can continue. I Thought that once the Big Boys did not have any inventory on the first go round with shipments that maybe we could get through the offerings on the Golds without this low margin selling on the part of some dealers. It has just went in reverse from what I had anticipated. I thought the Big Boys would sell graded first, get out of the way and the little guys would increase the supply. This offering has been just the opposite. OGP went first and now the graded coins are crowding out the OGP coins.

  10. Steve says

    The uncirculated gold coin will be the one to own, IMO, especially PCGS MS70 FS label.

  11. jeff says

    Half pint we all have our opinions and you may be right, but I disagree these are not the run of the mill commemorative coins. These are unique in every way imaginable. First curved coin, baseball themed look at the 2001 buffalo silver coin through the roof it may take 10+ years however these will be winners. I suggest you cancal all your orders 400 k is not a lot with millions and millions of coin collectors and baseball enthusiasts. You can’t form your opinion on the clads.

  12. Tom P says

    Plenty of Arches quarters in the Boston area. So many, I’ve stopped saving them.

  13. Samuel says

    cag,
    i heard the dealers also have a network to buy and sell and it is wholesale. so, it is normal that the dealer u mentioned just bought a large # from that network for example last week. any coin dealers here can clarify this?

  14. john says

    I call the mint today to find out why my baseball coins,have not shipped yet.date as of today8-19-2014.5-20-2014 was first date then 6-28-14 then 7-10-14.then 7-14-14 now 8-19-14.I was told there down to the last 20,000 wating on boxs coin are made.she told me it take 4 to 6 weeks to get the boxs.all the gold have been shipped some return remain .

  15. says

    Creditability and Consistency

    I posted the following in regards to the Kennedy offerings:

    This is how I am playing the Kennedy rollout.
    Zero Clads for $9.95
    Zero Silvers for $99.95
    5 Golds if mintage is under 100k, 3 if under 150k, Zero if it is unlimited, window, mint-to-demand.

    Now to the consistency part. When I posted this I said I was out because of the mint-to-demand, however, it appears that many on here and I disagree on the mintage of the Gold Kennedy’s. I would think the Mint would have been limited if they thought demand would be south of 125,000. IF mintage is as low as some of you guess then I will be back in the game. The tricky part will be having to watch the opening week or two of sales and trying to extrapolate demand from that. Some of you have guessed 50,000 in total and I think the Mint will sell that many in the first two weeks…

  16. VA Rich says

    Cag – here’s your baseline for comparison –
    http://mintnewsblog.com/2013/09/reverse-proof-gold-buffalo-sales-conclude/

    Why is this good for comparative analysis,

    1). .9999fg with only a $363 initial price differential between the two
    2). RP Buff has more broader appeal therefore has a stronger hand in turning sales (I would think)

    Why it may not be a total one for one comparison,

    1). There’s a heck of a lot of JFK collectors, it they turn out on voting DAY, who knows? I think you’ll have your answer in 96 hours.
    2). RP Buff had no limit, JFK is at 5, though I believe this only impacts dealers in the short game.

    Here, here to credibility and consistency! 3 weeks & a wake up!

  17. VA Rich says

    Clark – if you were active on Saturday, then you probably beat me on a few auctions, I just couldn’t resist when MS 70s are dangling out there at $600. I’ll be glad when that deal blows through his inventory so some of this volatility will shake out. Though you knows dealers all over offerings such as – http://www.ebay.com/itm/20-2014-National-Baseball-Hall-of-Fame-Uncirculated-5-Gold-Coins-B32-/201111193126?pt=Coins_US_Individual&hash=item2ed3294626

    We’ll see this again, in a different form….

  18. VA Rich says

    Yes Sir, they were sold to the HoF for resale as part of Vol 4 collectors set. I’m hoping (and believe you’re correct) to see the Proof Clads begin to take off when MLB steps up the plate.

    MLB/HoF needs to show up to the All Stars game and hand these out to the first 1,000 to the game and then sale the rest, or advertise them while giving’em out to kids with national TV coverage.

  19. VA Rich says

    This is also the reason why they started shipping again & mysterious went IS&R over the weekend, initial HoF collector set order fulfilled

  20. says

    @Louis, I got 3 orders for Clads last Thursday and Friday and yet I have seen nothing on Silvers placed on the same dates 04/03 and 04/04.

  21. VA Rich says

    one more thought on the JFK cag, as you’re aware – you can place, say 4 orders on 5 August over, say at 12:01, 12:02, 12:20 and 12:40 and have a very high degree of confidence that that lil cancel box isn’t going to magically disappear for 10 days to several months afterwards. Of course hanging out in the waiting room is not cool! lol Though I think everyone and their brother will be in Chicago for this one!

  22. says

    @VA Rich, That is the way I planned on playing it out. One coin, then one coin, then one coin and so forth. You have to play by the rules the Mint lays out and sometimes it works to your benefit. That is another reason I think that the Mint will have 50k of coins on hand before they start selling them. With prices being resit ever week with a possibly decrease of $37.50 I don’t think the Mint wants sales made one week , cancelled the next and a new sale put in its place. The Mint really loses out on that type of policy if they don’t have inventory in a timely manner. The longer the wait the more benefit (price wise) to the customer. One of these days they are going to get burned in a major offering and their policy will change.

  23. Clark says

    Cag–Thanks for the note. I also noticed that dealer was reloading 70s, in fact, I bought some from him. It may be that he just received a large batch of graded BHoFs from the TPG, but I suspect some dealers were speculating on the golds when prices were north of $1350 for a PF70 and are now taking profits on some very expensive inventory. Their generosity is allowing me to afford more than I thought I could.

    VaRich–I hear you, brother. Seeing a $5 gold MS70 go for $580 on Saturday sent me into action too. You probably beat me out on a few auctions as well. What amazed me the most was seeing a $5 gold MS69 sell for only $50 less than an MS70. I was expecting to get MS/PF69s at prices under OGP, but no such luck.This is just me, but I think gold BHoF coins have a forever quality about them that’s worth investing in now. I know it’s not for everyone, but I’m having fun. I just sold a bunch of plain old gold bullion while gold was high so I could convert it into gold BHoF.

  24. Louis says

    I did a search for completed sales of “2014 $5 gold baseball 70” and since the 11th the lowest I saw was $625.

    Clark- Are your sure about $580 as a completed sale price?

  25. says

    BHOF Silver Uncirculated order on 04/03 as of today is “In Stock and Reserved”. Same order for Silver Proofs ” backordered. Expected to ship on 06/06/2014.”

    Multiply orders on 4/28 for Clad Proofs as of today “In Stock and Reserved”. Same orders for Clad Uncirculated “backordered. Expected to ship on 06/25/2014.”

    Progress…..

  26. Hidalgo says

    @Steve – I agree that, among the gold BHOF coins, the uncirculated gold coin with the PCGS MS70 FS label will be the one to own.

    Even more rare (and perhaps more desirable ?) is the uncirculated clad BHOF half dollar with the PCGS MS70 FS label.

  27. Boz says

    Not all March 28 orders have shipped yet. From the screwed up ordering system it is impossible to tell when they ever will.

  28. JagFan says

    Just noticed that the 2013 US Mint Uncirculated Set is Sold Out – Looks like it came in lower than the 2012 which was the Low Point for the series…

  29. Brad says

    I wonder if Pete Rose will ever be inducted into the Baseball Hall of Fame? At least he finally came clean about his gambling. Maybe eventually his lifetime ban will be lifted. It’s been almost 25 years now.

  30. Brad says

    JagFan,

    Thanks for the tip on the 2013 Uncirculated set. Denver Aramark gift shop still has some if anyone wants to gamble like I did. The number is (303) 572-9500.

    It looks like the 2013 Proof set is also teetering on the brink of sellout. However, it’s mintage is slightly higher than the 2012, similar to the 2013 Silver Proof set.

  31. Sith says

    My Clad ordered in April 10, arrives today. My silver order on April 4th has a ship date of June 6 🙂

  32. Clark says

    Louis–I don’t doubt your search results, but I recall the $580 (could have been 585) because it jolted me right to my wallet. I didn’t jot down the title of the auction, perhaps an unusual wording of the title might have had something to do with it not appearing in your search results. Nonetheless, I never saw any other final sales of prices for 70s less than $615, but noted a few at $615. VaRich may have seen them too if he was on the hunt Sunday.

    My search is usually “Baseball gold MS70” or “Baseball gold PF70” without “2014”… I don’t know if that would alter your results at all. Oftentimes, I get interested in auctions that were not direct results of my own search results. Sorry I can’t give you solid confirmation. Will keep better records going forward.

  33. VA Rich says

    Louis – there was a handful of PCGS & NGC MS69’s that went for $520 to $580 last Friday and Sunday – not like I need to spend the money or need anymore though wish I hadn’t missed that. They all look the same in OGP a foot a way!

    GM has called me twice in the last hour.., please make them stop! Undoubtedly about ole Pete.

    Good luck Clark, hope you nail a bargain out there and yes, I’m seeing some of the pedigree BHOFs begin to pull away.., surprising the $1 FS 69 is holding its own (relatively).

  34. says

    Gold is currently slightly under $1,300. 00. If it stays until August 5th you will get your Gold Kennedy for $1,240.00. Two days ago Gold looked like it was heading for $1,350.00 and that would put the Gold Kennedy @ $1315.00.

    So just a little over a $50 swing in spot Gold could save/cost you $75.00

  35. Brad says

    I just noticed that the 2013 Proof Set is sold out now. I don’t know if anyone will care too much though. I didn’t buy any.

  36. Larry says

    How many gold Kennedys will sell? I think it has most to do with the cost and WOW factor . The 2009 UHR cost initially was about $1200. If you wanted one, you got one, and it sold 100K. The RP Buff was around $1700, again if you wanted one you got one and sold about 50K. The only other recent WOW factor gold coin was the BHOF, but many that wanted one didn’t get one, so at around $550 I guess the mint could have probably sold 150K – 200K or so. Certainly a lot more then 50K
    So duh, the higher the cost, the smaller the market, and the better the WOW factor the bigger the market. At $1300 for the Kennedy, it is similar in cost to the 2009 UHR, so I think the market will be about 100K. if it is for sale at least until 2015. Maybe a little less, as I don’t the Kennedy will have near the WOW factor of the UHR or the RP Buff. We shall see…

  37. fmtransmitter says

    Can anyone explain “mint ot demand” and when the Kennedy will NOT be for sale anymore by the US Mint?

  38. Louis says

    Clark- No problem. I agree you get different results depending on how the search is worded. Whoever got a 70 for $580 got a bargain for sure. I would recommend staying away from 69’s as they are worth less than OGP and not much sought after.
    I have no idea what the future holds, but I do know that anyone who bought from the Mint and either held them or better yet sold a couple to pay for the ones they kept plus got some graded and got 70’s is doing just fine.

  39. VA Rich says

    FM – I can’t. Though what it means to me as a collector is to EXPECT a 30 day ordering window with an initial mintage run of 15-20 units, and then the mint will mint the rest to net sales.

    Why do I expect that? Because the mint has seen considerable cancellations in the past and will likely mint a conservative number. Recall when I was outside the mint HQ on 3/27 and the Director commented minting a smaller number of BHoFs (and hence they sold out at the kiosk by 12:45) as a result of some under performing Commemorative programs (read GSA and CR) so they didn’t mint them all up front, yeah, so they’ll go lite again and mint a number that they know they’re good on.

    They’ll use the ordering window again IMO as they have to cut off sales and mint confidently to demand, besides, w/i a few days demands drops so precipitously low until the final few days and then it spikes.

  40. Brad says

    More U.S. Mint incompetence! It looks like the 2013 Uncirculated Coin set isn’t really sold out after all. It’s still in the “No Longer Available” section of the website, but it’s active again. My guess is whoever meant to mark the 2013 Proof Coin set as “sold out” accidently marked the uncirculated set first and caught it a few hours later. So, my order from the Denver gift shop cost me an extra $5 in shipping, and the sets might end up worthless! My fault for trusting the Mint I guess.

  41. Clark says

    Louis–

    As far as getting gold BHoF 69s is concerned, I guess I’m applying the “buy what you like” principle we hold so dear in this forum, possibly to my own financial detriment. Perhaps it’s because I’m an unfortunate diehard gold first spouse collector whose only goal is to sock the complete fs collection away in the vault for my heirs to open 30+ years from now. I have good cause to believe they will open the vault and say, “Look at all these ugly, rare old lady coins Gramps left us!” Because I love love love gold BHoFs, I want them also to open a chest with a few trays of gold BHoFs and marvel at what cool and beautiful coins they are. Mostly 70s, but a few 69s too. Call me a numismatic romantic, although I wish someone would have left me ugly and cool gold coins…or either.

  42. fmtransmitter says

    Yea, I hear VA Rich…I think I paid $270 for mine on pre order…Oh well, we win we lose and we play…

  43. fmtransmitter says

    Brad says

    July 15, 2014 at 4:37 pm

    More U.S. Mint incompetence! It looks like the 2013 Uncirculated Coin set isn’t really sold out after all. It’s still in the “No Longer Available” section of the website, but it’s active again. My guess is whoever meant to mark the 2013 Proof Coin set as “sold out” accidently marked the uncirculated set first and caught it a few hours later. So, my order from the Denver gift shop cost me an extra $5 in shipping, and the sets might end up worthless! My fault for trusting the Mint I guess.
    READ ABOVE….^^^^^ lol

  44. Louis says

    @Clark- great post. I admire your enthusiasm and wish I was working with your budget!

    I try not to go too crazy on any one release because I like a lot of different stuff.

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