Updated figures are available for the United States Mint’s circulating coin production covering the month of November 2012. Quarter production continues at elevated levels compared to recent years.
During the month of November 2012, total circulating coin production across the Philadelphia and Denver Mint facilities reached 765.76 million coins. While this is down from the production of more than 1 billion coins in the prior month, it is up from the year ago period when 715.96 million coins were struck.
The table below presents a breakdown of circulating coin production for November, along with total production for the year to date through November 30, 2012.
|2012 US Mint Coin Production Figures|
|Nov 2012||YTD 2012|
|Lincoln Cent – Denver||201.60 M||2,781.60 M|
|Lincoln Cent – Phil.||254.80 M||3,086.00 M|
|Jefferson Nickel – Denver||47.76 M||533.76 M|
|Jefferson Nickel – Phil.||45.60 M||454.80 M|
|Roosevelt Dime – Denver||45.50 M||831.00 M|
|Roosevelt Dime – Phil.||66.50 M||785.50 M|
|Quarters – Denver||46.00 M||313.41 M|
|Quarters – Phil.||58.00 M||251.40 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.80 M|
|Native Am Dollar – Denver||0||3.08 M|
|Native Am Dollar – Phil.||0||2.80 M|
|Pres Dollar – Denver||0||16.24 M|
|Pres Dollar – Phil.||0||27.80 M|
|Total||765.76 M||9,090.89 M|
As has been the case for the entire year, the cent accounted for more than half of production. Across both facilities, there were 456.4 million cents struck during the month, accounting for 59.6% of all production. The most recent figures indicate that it cost the United States Mint 2.00 cents to make and distribute each cent. Production levels are dictated by orders placed by the Federal Reserve Banks.
Quarter production remained relatively robust at 104 million coins across both facilities. For the year to date, the Mint has struck 564.81 million quarters, which already exceeds last year’s total quarter production of 391.2 million.
During the recent House subcommittee hearing, the Acting Mint Director had remarked that quarter production is expected to continue to rebound during 2013. This will serve to make up for some of the seigniorage lost by the decrease in production of the $1 coins.
The US Mint recently sold out of the 250-coin boxes of 2012 Native American Dollars, perhaps signaling that production for the coin is completed for the year. The production of 3.08 million coins at Denver and 2.80 million coin at Philadelphia is significantly lower than last year’s production of 48.16 million and 29.40 million, respectively.
No changes were made to the production totals by design for the 2012 America the Beautiful Quarters and 2012 Presidential Dollars. The same figures as last month are reproduced once again below. As in the past, I will mention that the US Mint reserves the right to restart production of any design within the calendar year, based on collector demand and production capacity.
|2012 US Mint Coin Production by Design|
|El Yunque Quarter||25.00 M||25.80 M||50.80 M|
|Chaco Culture Quarter||22.00 M||22.00 M||44.00 M|
|Acadia Quarter||21.606 M||24.80 M||46.41 M|
|Hawaii Quarter||78.60 M||46.20 M||124.80 M|
|Arthur Dollar||4.06 M||6.02 M||10.08 M|
|Cleveland Dollar||4.06 M||5.46 M||9.52 M|
|Harrison Dollar||4.20 M||5.64 M||9.84 M|
|Cleveland (2) Dollar||3.92 M||10.68 M||14.60 M|
Total indicated production for the first four quarter designs per the chart above is 266.01 million. The total production indicated for the denomination in the first chart is 564.81 million. This suggests that production for the Denali National Park Quarter has reached 298.8 million, which would be the highest mintage for the series to date.