US Mint Circulating Coin Production Reaches 1.04 Billion in October

Circulating coin production at the United States Mint reached 1.04 billion coins during October. This represents the highest monthly total since Mint News Blog started tracking the monthly numbers nearly three years ago.

The total production of 1.04 billion coins at the Philadelphia and Denver Mint facilities represents an increase of 14.92% from the 905.34 million coins struck in the previous month. It represents a more sizable increase of 50.51% from the 690.66 million coins struck in the year ago period of October 2011.

Total production for the year to date has now reached 8.325 billion. This already exceeds the full year total from 2011, which was 8.20 billion.

The table below includes the production figures broken down by denomination and mint facility. The first number column represents production for October 2012, while the second number column represents year to date production though October 31, 2012.

2012 US Mint Coin Production Figures
Oct 2012 YTD 2012
Lincoln Cent – Denver 338.80 M 2,580.00 M
Lincoln Cent – Phil. 299.20 M 2,831.20 M
Jefferson Nickel – Denver 42.48 M 486.00 M
Jefferson Nickel – Phil. 42.24 M 409.20 M
Roosevelt Dime – Denver 122.00 M 785.50 M
Roosevelt Dime – Phil. 78.00 M 719.00 M
Quarters – Denver 62.40 M 267.41 M
Quarters – Phil. 55.00 M 193.40 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 1,040.12 M 8,325.13 M

As typical, the cent accounted for more than half of all production. For the month, the Philadelphia and Denver Mints struck a combined 638 million cents. Next in line was dime production at a combined 200 million for the month. This was followed by quarter production at 117.4 million and nickel production at 84.72 million.

The US Mint did not produce any Kennedy Half Dollars, Native American Dollars, or Presidential Dollars during the month.

No changes have been 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
Denver Phil. Total
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

Although a production total has not been posted for the Denali National Park Quarter, a preliminary total can be determined by backing out the totals for the four other quarter designs.  The overall year to date quarter production of 460.81 from the first chart, less the 266.01 million indicated for the first five designs above, leaves 194.80 million quarters. This amount presumably represents the production for the Denali National Park Quarters.

As mentioned in the past, it seems that quarter production is finally on the upswing after years of subdued production.

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Comments

  1. RSF says

    Where on earth are all the cents going? Actually are they being sent for use in southern hemisphere countries? (like some of the dollar coins are)

    Imagine the production capacity that would be freed up if/when the obsolete cent is finally discontinued. It might allow the Mint to spend a bit more for design-staff talent.
    Eliminating the cent will also have the collateral benefit of eventually making it legal to melt the copper pennies. Recycling that much copper might allow the shutdown of several earth-poisoning copper smelting facilities. (one of the most toxin producing processes on the planet)

  2. DNA says

    Just because a particular variety of ATB Quarter is “high mintage” doesn’t necessarily mean said variety will be easier to find in circulation.

    The ATB variety I’ve found the least of in circulation is the Chickasaw, which was also the highest-mintage variety until the Hawaii Volcanoes.

    The fact that your average person can’t just step into their local bank, then walk out with a BU roll of the latest ATB Quarters (for face value) is what keeps this series interesting. The State Quarters were too easy to get, and we all know what happened there.

  3. TomP says

    The 2012-W unc. AGE had it’s delayed shipping changed to Nov.24 this morning, upping by one day as it has for at least a week. This mintage is significantly less than last year’s mintage of 8822, a previous new low. The sales are up and running on e-bay already.

    With next year being the 100th annv. of the buffalo design, will the Mint cut short the mintage of the 2012 gold Buffalo? That would certainly gin up sales next year.

  4. Frankie says

    Next year’s mintage will be even lower… Just wait. It all depends on the economy and price of gold. If 1oz goes above $2k who can afford these?

  5. Smiledon says

    RSF, do you think that retailers will lower the price of something if we no longer have the penny? What used to be $.99 will now be $1.00. Add that over the course of a few days, and what would we have? Make the penny out of some thing, but I am not looking forward to its loss.
    That is my two cents worth.

  6. VA Bob says

    RSF – If most folks are like me, then the cents end up in the change jar when I empty my pockets each night. I do try to spend them from time to time. Spent 3 today. But judging from the number I see lying in the various parking lots, some people seem to throw them away.

    I would like to see a copper coin in circulation in the future ( not plated, 95% copper 5% zinc), perhaps a two or five dollar coin… if we can ever dump the dollar bill. The way they are printing them these days the savings would be tremendous.

  7. Smiledon says

    VA Bob, I go walking each morning; early. I collect the lose change I find in drive throughs, car washes, and the like. @ the end of the year, I have over $200.00; just by picking up the loose change. Value is what some one is willing to pay, and most people do not value the loose change, How many people would pick a loose dollar bill vs picking a dollar bill one penny @ a time. I agree that by dealing with the paper dollar bill, we could do so much more to save.

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