The United States Mint has provided updated circulating coin production figures, covering production at the Philadelphia and Denver facilities through September 2012. The recent figures may indicate that the recent increase in quarter production will continue.
During the month of September 2012, production across both facilities reached 905.34 million coins. This represented an increase from the prior month when 655.50 million coins were struck. It also represents an increase from the year ago period of September 2011, when 811.42 million coins were struck.
Total production for the year to date is now nearly 7.3 billion, which is quickly approaching the 8.2 billion total production for all of 2011.
The table below includes the production figures broken down by denomination and mint facility. The first number column represents production for September 2012, while the second number column represents year to date production though September 30, 2012.
|2012 US Mint Coin Production Figures|
|Sept 2012||YTD 2012|
|Lincoln Cent – Denver||273.20 M||2,241.20 M|
|Lincoln Cent – Phil.||332.80 M||2,532.00 M|
|Jefferson Nickel – Denver||47.04 M||443.52 M|
|Jefferson Nickel – Phil.||40.32 M||366.96 M|
|Roosevelt Dime – Denver||75.00 M||663.50 M|
|Roosevelt Dime – Phil.||54.50 M||641.00 M|
|Quarters – Denver||62.60 M||205.01 M|
|Quarters – Phil.||19.60 M||138.40 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.80 M|
|Native Am Dollar – Denver||0.28 M||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||905.34 M||7,285.01 M|
At 606 million, the cent accounted for 67.0% of all circulating coin production for the month. The remaining production was mainly distributed between the nickels, dimes, and quarters.
The Native American Dollars saw additional production of 0.28 million at the Denver facility. Collector demand for bags and rolls of the 2012 Native American Dollars has trailed demand for the 2012 Presidential Dollars and production has followed suit.
There is a legal requirement for at least 20% of all $1 coins minted and issued for the year to be Native American Dollars, but it seems unlikely that this requirement will be met. Current production levels show less than 12% of all $1 coins to be Native American Dollars. In the last fiscal year, the US Mint failed to meet the legal requirement. This was noted in their annual report, but there was seemingly no other consequence.
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|
|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|
Comparing the total production of the first four 2012 America the Beautiful Quarters to overall year to date production reveals something interesting.
For the first four designs, total production based on the chart above is 266 million. If this total is backed out from the year to date overall quarter production of 343.41 million, this leaves 77.41 million. This amount should represent the production so far for the fifth design of the year featuring Denali National Park. This initial production already exceeds total production of the first three designs for this year. Additional production may also take place in the coming months, which could bring the total to the same level or higher than the Hawaii Volcanoes design.
This would be significant since it could signify a sustained increase in the level of quarter production, which has stubbornly remained at incredibly low levels for the entire America the Beautiful Quarters Program.
New Weekly Sales Report
Over on Coin Update News, I have just published the latest weekly sales report for United States Mint numismatic products. There were no new product releases, but a few surprises. Despite the suspension, sales of 2012 Proof Silver Eagles rose, and one gold coin saw sales spike higher for the week.
Check out the full report at Coin Update News.