The United States Mint has updated their circulation coin production figures to include production through the close of 2013. During the year, nearly 12 billion coins were produced, representing an increase of 27.5% compared to the prior year.
During the month of December 2013, production was relatively limited, with 285.96 million coins struck at the Philadelphia and Denver Mint facilities. Production has typically been limited during the final month of the year. In the previous year, the US Mint had struck 245.34 million coins in December 2012.
The table below displays the latest production figures broken down by denomination and mint facility. The first number column represents the production for December 2013, while the second number column represents production for the full year.
|2013 US Mint Coin Production Figures|
|Dec 2013||Full Year 2013|
|Lincoln Cent – Denver||76.80 M||3,319.60 M|
|Lincoln Cent – Phil.||126.00 M||3,750.40 M|
|Jefferson Nickel – Denver||13.20 M||615.60 M|
|Jefferson Nickel – Phil.||11.76 M||607.44 M|
|Roosevelt Dime – Denver||24.50 M||1,025.50 M|
|Roosevelt Dime – Phil.||30.50 M||1,086.50 M|
|Quarters – Denver||3.20 M||804.40 M|
|Quarters – Phil.||0||650.80 M|
|Kennedy Half – Denver||0||4.60 M|
|Kennedy Half – Phil.||0||5.00 M|
|Native Am Dollar – Denver||0||1.82 M|
|Native Am Dollar – Phil.||0||1.82 M|
|Pres Dollar – Denver||0||14.01 M|
|Pres Dollar – Phil.||0||19.45 M|
|Total||285.96 M||11,906.94 M|
During the month, circulating coin production was confined to cents, nickels, and a small number of quarters. The cent accounted for the majority of production with more than 200 million pieces struck.
There were no half dollars or $1 coins struck during the month.
The following table displays the full year 2013 circulating coin production totals by denomination compared to the prior year.
|2013 vs 2012 US Mint Circulating Coin Production|
|Full Year 2013||Full Year 2012||Change|
|Cents||7,070.00 M||6,015.20 M||17.54%|
|Nickels||1,223.04 M||1,023.60 M||19.48%|
|Dimes||2,112.00 M||1,676.00 M||26.01%|
|Quarters||1,455.20 M||568.01 M||156.19%|
|Half Dollars||9.60 M||3.50 M||174.29%|
|Native Am Dollars||3.64 M||5.88 M||-38.10%|
|Pres Dollars||33.46 M||44.04 M||-24.02%|
|Total||11,906.94 M||9,336.23 M||27.53%|
Behind the overall annual increase of 27.53%, some denominations experienced a rise in production, while others registered a decline. Significant increases were seen for the quarter and half dollar denomination.
Since 2009, the production levels for quarters have been much lower than typical due to a significant backlog of excess inventory at Federal Reserve Banks. This led to minimal production levels for the first few years of the America the Beautiful Quarters Program which launched in 2010. Last year, production levels finally started to recover, as the excess inventories had finally been worked down. This year, production levels have further recovered, registering a 156.19% increase from the prior year.
A more unexpected annual production increase was registered for the half dollar, with the number of coins struck increasingly by 174.29% to 9.60 million. These coins are not distributed for circulation, but only sold through numismatic products. When quizzed about the sudden increase in production which occurred last month, a spokesman for the US Mint could offer no explanation. Sales figures for the two roll sets and 200-coin bags haven’t shown any corresponding spike that would explain the production increase. Perhaps the US Mint struck the additional 2013-dated coins for an as yet unannounced product to be released in 2014?
Annual production declines were registered for the Presidential Dollars and Native American Dollars. Following a Treasury Department decision in late 2010, the Presidential Dollars were no longer struck for circulation, rather the coins would only be sold within numismatic products offered by the Mint. This led to a significant decline in production in 2012. A corresponding decline was seen for the Native American Dollars, which have production levels based on overall $1 coin production levels. Further production declines for both series were seen in 2013, as sales figures for numismatic bags and rolls have tapered off.
The final table below shows production totals by design for the 2013 America the Beautiful Quarters and 2013 Presidential Dollars. The table is now completed with the totals for the Mount Rushmore Quarters.
|2013 US Mint Coin Production by Design|
|White Mountain Quarter||107.60 M||68.80 M||176.40 M|
|Perry’s Victory Quarter||131.60 M||107.80 M||239.40 M|
|Great Basin Quarter||141.40 M||122.40 M||263.80 M|
|Fort McHenry Quarter||151.40 M||120.00 M||271.40 M|
|Mount Rushmore||272.40 M||231.80 M||504.20 M|
|McKinley Dollar||3.36 M||4.76 M||8.13 M|
|Roosevelt Dollar||3.92 M||5.31 M||9.23 M|
|Taft Dollar||3.36 M||4.76 M||8.12 M|
|Wilson Dollar||3.36 M||4.62 M||7.98 M|
The 2013 Mount Rushmore Quarter saw production of 272.4 million pieces at Denver and 231.8 million pieces at Philadelphia for an overall total of 504.2 million. This is nearly double the amount of quarters produced for the previous design and represents the highest overall production total for a design of the series to date.