The United States Mint has provided updated figures for circulating coin production through the end of April 2012. Also provided are updated preliminary production figures for the Chaco Culture National Historical Park Quarter, Chester Arthur Dollar, Grover Cleveland Dollar, and Benjamin Harrison Dollar.
For the month of April 2012, circulating coin production reached 858.04 million coins. This represents the highest monthly total since June of last year. The production total is up about 34% compared to the year ago period and about 24% compared to the prior month.
A breakdown of production by denomination and mint facility is presented below. The first number column represents the total production for April 2012, and the second number column represents the total production for the year to date.
|2012 US Mint Coin Production Figures|
|Apr 2012||YTD 2012|
|Lincoln Cent – Denver||291.60 M||848.80 M|
|Lincoln Cent – Phil.||296.00 M||1,108.80 M|
|Jefferson Nickel – Denver||58.08 M||187.20 M|
|Jefferson Nickel – Phil.||48.24 M||193.68 M|
|Roosevelt Dime – Denver||83.50 M||270.50 M|
|Roosevelt Dime – Phil.||69.00 M||288.50 M|
|Quarters – Denver||0||47.00 M|
|Quarters – Phil.||0||47.80 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.80 M|
|Native Am Dollar – Denver||0||2.80 M|
|Native Am Dollar – Phil.||0||2.80 M|
|Pres Dollar – Denver||2.52 M||7.00 M|
|Pres Dollar – Phil.||9.10 M||13.72 M|
|Total||858.04 M||3,022.10 M|
Once again production was dominated by cents, nickels, and dimes, which accounted for 98.65% of all coins produced. The only other denomination actually struck during the month was the $1 coin, which is not actually released for general circulation, but only sold by the US Mint via numismatic bags, rolls, and boxes.
There were apparently no quarters struck for circulation during the month. This denomination has been considered to be a workhorse within circulation, however it seems that existing stockpiles at Federal Reserve Banks continue to fulfill the needs of commerce. At the conclusion of the State Quarters Program, certain reports had revealed that large quantities of quarters had flowed back to reserve banks. Late in 2011, there seemed to be signs that the stockpiles were finally dwindling, but this year’s production figures suggest otherwise.
The US Mint has posted production totals by design for certain America the Beautiful Quarters and Presidential Dollars. In the past, typically when these totals had been posted, the Mint would begin production of the next design and not produce additional coins for any previous designs. In recent years, the US Mint has specifically reserved the right to restart production of any design within the year of issue based on demand and production capacity. Thus, the amounts provided below cannot be considered final until the end of the year.
|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|
|Arthur Dollar||2.80 M||4.06 M||6.86 M|
|Cleveland Dollar||2.66 M||4.06 M||6.72 M|
|Harrison Dollar||1.54 M||5.60 M||7.14 M|
The preliminary figures suggest another mintage low for the America the Beautiful Quarters Program, with just 22 million Chaco Culture Quarters struck at the Philadelphia and Denver Mints. This is the lowest mintage for a quarter since 1958.
The figures for the Chester Arthur Dollar show an increase of 1.12 million coins struck at the Philadelphia Mint. Orders for the US Mint’s bags, rolls, and boxes had already surpassed the initial production quantity for the coins. The latest weekly sales report shows total sales accounting for 7,088,500 Chester Arthur Dollars, which is once again higher than the indicated production level. This suggests the US Mint will need to revisit production for this coin once again.
Preliminary totals for the Grover Cleveland (first term) and Benjamin Harrison Presidential Dollars are 6.72 million and 7.14 million. Both coins have production heavily concentrated at Philadelphia, suggesting that more production may need to take place at Denver.