The United States Mint has provided updated circulating coin productions covering the month of November 2011. Also, the final mintage has been posted for the James Garfield Presidential Dollar, and the preliminary mintage has been posted for the Chickasaw National Recreation Area Quarter.
During the month of November 2011, the US Mint facilities at Philadelphia and Denver struck 715.96 million coins for circulation. This is a slight increase from the previous month when 690.66 million coins were struck. It is a larger increase from the year ago period when 531.46 million coins were struck.
The table below presents a breakdown of circulation coin production for November, along with total production for the year to date.
|2011 US Mint Coin Production Figures|
|Nov 2011||YTD 2011|
|Lincoln Cent – Denver||224.00 M||2,400.94 M|
|Lincoln Cent – Phil.||225.60 M||2,232.40 M|
|Jefferson Nickel – Denver||49.44 M||523.20 M|
|Jefferson Nickel – Phil.||35.52 M||414.96 M|
|Roosevelt Dime – Denver||53.00 M||712.00 M|
|Roosevelt Dime – Phil.||51.50 M||715.50 M|
|Quarters – Denver||27.00 M||195.00 M|
|Quarters – Phil.||15.60 M||196.20 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.75 M|
|Native Am Dollar – Denver||25.06 M||48.16 M|
|Native Am Dollar – Phil.||7.14 M||29.40 M|
|Pres Dollar – Denver||0||148.96 M|
|Pres Dollar – Phil.||2.10 M||148.40 M|
|Total||715.96 M||7,768.57 M|
Last month, I had noted the significant increase in production for quarters. Across both facilities there were 100.6 million coins struck, representing the initial production for the Chickasaw National Recreation Area Quarter. This month, the US Mint struck another 42.6 million Chickasaw Quarters. Total production for this design is now more than twice the level of the other designs for the year.
This potentially represents an important shift for the America the Beautiful Quarters Program. Until now, mintages for each design have ranged from 61 million to a high of 70.2 million. Despite being incredibly low compared to the prior State Quarters Program, collectors haven’t seemed to pay much attention. I think this is partially because the mintages for each design were all coming in consistently low.
If the mintage levels for the Chickasaw and subsequent designs are maintained at higher levels, the low mintages for the initial nine designs would gain some prominence. As I mentioned last month, if you can acquire any of the first nine designs at or close to face value, these seem to represent a good opportunity.
This month, production of Native American Dollars increased from typical levels, with 32.2 million struck across both facilities. By law, twenty percent of all dollar coin production must consist of Native American Dollars. In the past, I have suggested that the US Mint was holding off on the required production until later in the year in case legislation was passed removing this requirement. None of the bills have moved forward, and the current month’s production brings Native American Dollar coins to 20.7% of all dollar coins produced for the year to date.
Production levels by individual design are shown below, including the new figures for the James Garfield Presidential Dollar and Chickasaw National Recreation Area Quarter. Note that the Presidential Dollar figures typically can be considered final, but the America the Beautiful Quarters figures should be considered preliminary. The US Mint has reserved the right to strike more of any quarter design within the year of issue if there is demand from bulk orders and resources permit.
|2011 US Mint Coin Production by Design|
|Gettysburg Quarter||30.80 M||30.40 M||61.20 M|
|Glacier Quarter||31.20 M||30.40 M||61.60 M|
|Olympic Quarter||30.60 M||30.40 M||61.00 M|
|Vicksburg Quarter||33.40 M||30.80 M||64.20 M|
|Chickasaw Quarter||69.40 M||73.80 M||143.20 M|
|Andrew Johnson Dollar||37.10 M||35.56 M||72.66 M|
|Ulysses S. Grant Dollar||37.94 M||38.08 M||76.02 M|
|Rutherd Hayes Dollar||36.82 M||37.66 M||74.48 M|
|James Garfield Dollar||37.10 M||37.10 M||74.20 M|
Partial 2012 Product Schedule
In other news, the US Mint has provided part of the product release schedule for the coming year. For 2011, the US Mint had published the majority of the schedule all at once, however for 2012, it seems that we will be getting the schedule piecemeal.
The most interesting thing to note is that the component proof sets for the America the Beautiful Quarters and Presidential Dollars have been listed for release early in the year, while the full annual sets have not been listed. For 2011, the US Mint released the full annual sets first, and the component sets second. As might be expected, collectors had less incentive to buy the component sets and sales had suffered. Possibly for this reason, the US Mint is reverting to the typical release pattern.
|01/10/2012||2012 United States Mint America the Beautiful Quarters Proof Set™|
|1/17/2012||2012 United States Mint America the Beautiful Quarters Silver Proof Set™|
|1/23/2012||America the Beautiful Quarters Bags and Two-Roll Set – El Yunque (PR)|
|2/7/2012||2012 America the Beautiful Quarters Three-Coin SetTM – El Yunque|
|2/16/2012||Infantry Soldier Silver Dollar|
|2/16/2012||Chester Arthur $1 Coin Rolls|
|2/23/2012||2012 United States Mint Presidential $1 Coin Proof Set™|