New circulating coin production figures are available from the US Mint. During the month of September, there were 811.42 million coins struck at the Philadelphia and Denver Mints across all denominations.
The latest monthly total represents an increase from the previous month when 605.54 million coins were struck. It is also an increase from the year ago period of September 2010, when 690.02 million coins were struck.
A breakdown of production by denomination and mint facility is included below. The first number column represents the production for September 2011, while the second number column represents the total production for the year to date.
|2011 US Mint Coin Production Figures|
|Sept 2011||YTD 2011|
|Lincoln Cent – Denver||316.40 M||1,924.14 M|
|Lincoln Cent – Phil.||222.40 M||1,878.40 M|
|Jefferson Nickel – Denver||58.80 M||422.88 M|
|Jefferson Nickel – Phil.||42.96 M||369.84 M|
|Roosevelt Dime – Denver||82.50 M||611.00 M|
|Roosevelt Dime – Phil.||43.00 M||601.00 M|
|Quarters – Denver||0||125.60 M|
|Quarters – Phil.||0||122.40 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.75 M|
|Native Am Dollar – Denver||0||23.10 M|
|Native Am Dollar – Phil.||0||11.62 M|
|Pres Dollar – Denver||21.70 M||133.56 M|
|Pres Dollar – Phil.||23.66 M||134.96 M|
|Total||811.42 M||6,361.95 M|
The three smallest denominations accounted for nearly all coin production for the month. There were 538.80 million cents, 101.76 million nickels, and 125.50 million dimes struck, which 94.4% of all production.
There were no quarters, half dollars, or Native American Dollars produced for the month.
The US Mint produced 45.36 million Presidential Dollars, which appear to be the start of production for the next design featuring James Garfield. Although there have been seven bills introduced in Congress seeking to abolish, suspend, or limit the production of Presidential Dollars, so far none of these bills have been voted on. There has been one bill introduced seeking to transition from paper $1 bills to $1 coins, which would likely result in much higher production for $1 coins. This bill has been referred to committee and has not been voted on.
The Mint has not provided any new or updated production figures by individual design. The previously released preliminary figures for the first four 2011 America the Beautiful Quarters designs and the first three 2011 Presidential Dollar designs are shown below.
|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|
|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|
|Rutherford Hayes Dollar||36.82 M||37.66 M||74.48 M|
Numismatic Gold Product Price Increase
After four consecutive price decreases, a price increase is possible for gold numismatic products this week. The four decreases on September 14, September 21, September 28, and October 5 brought prices lower by the equivalent of $250 per ounce of gold content.
The average market price of gold for the weekly period (excluding the Wednesday AM price) is within the $1,650 to $1,699.99 range. In the most likely scenario, as long as the Wednesday PM price is above $1,650 per ounce, then the price increase would take place. In the past, the US Mint has made pricing changes effective around mid-morning on Wednesday.
Gold products which would have their prices increased include the 2011 Proof Gold Eagles, 2011-W Uncirculated Gold Eagle, 2011 Proof Gold Buffalo, First Spouse Gold Coins, and 2011 commemorative gold coins.
The average market price for platinum seems likely to remain within the $1,450 to $1,549.99 range. As such, the price of the 2011 Proof Platinum Eagle should remain unchanged.