The US Mint has updated circulating coin production figures through the close of the 2011 calendar year.
During the month of December 2011, production was 431.78 million coins, down from the previous month’s production of 715.96 million. However, the final month of the year has typically seen minimal circulating coin production activity. In December 2010, the Mint struck only 80.2 million coins, while in December 2009, the US Mint did not report any circulating coins produced.
For the full year of 2011, circulating coin production reached just over 8.2 billion. This is an increase of 28.67% compared to production for the 2010 calendar year. The gains were primarily attributable to higher production of cents, nickels, and dimes.
|2011 US Mint Coin Production Figures|
|Dec 2011||YTD 2011|
|Lincoln Cent – Denver||135.20 M||2,536.14 M|
|Lincoln Cent – Phil.||170.00 M||2,402.40 M|
|Jefferson Nickel – Denver||17.04 M||540.24 M|
|Jefferson Nickel – Phil.||35.04 M||450.00 M|
|Roosevelt Dime – Denver||42.00 M||754.00 M|
|Roosevelt Dime – Phil.||32.50 M||748.00 M|
|Quarters – Denver||0||195.00 M|
|Quarters – Phil.||0||196.20 M|
|Kennedy Half – Denver||0||1.70 M|
|Kennedy Half – Phil.||0||1.75 M|
|Native Am Dollar – Denver||0||48.16 M|
|Native Am Dollar – Phil.||0||29.40 M|
|Pres Dollar – Denver||0||148.96 M|
|Pres Dollar – Phil.||0||148.40 M|
|Total||431.78 M||8,200.35 M|
Comparing 2011 coin production to the previous year, the number of cents produced across the Philadelphia and Denver Mint facilities rose by 23.13% to 4.94 billion. The number of nickels produced increased by 101.86% to 990.24 million. Both the cent and nickel cost more to produced than their respective face values, and the US Mint has indicated that demand for these two denominations is expected to increase.
Production of dimes for the full year reached 1.5 billion, representing an increase of 34.23% compared to the prior year. The number of quarters increased by 12.73%, but still remains at a historically low annual total of 391.2 million. Half Dollar production was essentially flat at 3.45 million.
Dollar coin production for the 2011 calendar year reached 374.92 million, down 6.79% from the previous year. Production levels will almost certainly experience a sharp decline in the coming year, following the announcement of the suspension of production of Presidential Dollars for circulation.
No changes occurred to the figures breaking down production by individual design for the 2011 Presidential Dollars and 2011 America the Beautiful Quarters. The final figures are provided 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|
|Chickasaw Quarter||69.40 M||73.80 M||143.20 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|
|Rutherd Hayes Dollar||36.82 M||37.66 M||74.48 M|
|James Garfield Dollar||37.10 M||37.10 M||74.20 M|
Gold and Platinum Numismatic Product Prices
Based on the available data, it seems likely that the price for the 2011 Proof Platinum Eagle will be increased tomorrow. Depending on tomorrow’s London Fix prices, a price increase may also be possible for gold numismatic products.
The average price of platinum for the weekly period is in the middle of the US Mint’s $1450 to $1549.99 pricing tier, which is one level higher than the tier currently in effect. Since December 21, the 2011 Proof Platinum Eagle has been priced at $1,692, representing the lowest price during the course of the offering. The likely increase would bring the price to $1,792.
For the available data, the average gold price for the weekly period is just below $1,650. If tomorrow’s London AM Fix price comes in at $1,656.50 or higher and the PM Fix price is above $1,650, then the criteria would be met for a price increase. Prices for the 2011-W Uncirculated Gold Eagle, 2011 Proof Gold Eagle, 2011 Proof Gold Buffalo, and First Spouse Gold Coins would be increased proportionally by $50 for each ounce of gold content.
The 2011-W Uncirculated Gold Eagle has sold out at the US Mint. More on this tomorrow…