With the latest figures reflecting production through September 2014, the United States Mint’s year to date circulating coin production has now exceeded 10 billion pieces. Production is on pace for its fifth year over year increase since bottoming back in 2009.
During September 2014, the US Mint struck just over 1 billion circulating coins at the Philadelphia and Denver facilities. This amount was up from the previous month when production had reached 913 million, but down from the year ago period when production was nearly 1.1 billion.
A breakdown of production by mint facility and denomination appears below. The first number column represents the monthly production amount, while the second number column represents the cumulative production for the year to date through the end of September.
|2014 US Mint Coin Production Figures|
|Sept 2014||YTD 2014|
|Lincoln Cent – Denver||204.80 M||3,147.20 M|
|Lincoln Cent – Phil.||358.40 M||2,996.80 M|
|Jefferson Nickel – Denver||34.08 M||468.96 M|
|Jefferson Nickel – Phil.||62.16 M||486.48 M|
|Roosevelt Dime – Denver||62.00 M||866.00 M|
|Roosevelt Dime – Phil.||138.00 M||838.50 M|
|Quarters – Denver||56.40 M||776.80 M|
|Quarters – Phil.||88.40 M||648.20 M|
|Kennedy Half – Denver||0||2.10 M|
|Kennedy Half – Phil.||0||2.50 M|
|Native Am Dollar – Denver||0||5.60 M|
|Native Am Dollar – Phil.||0||3.08 M|
|Pres Dollar – Denver||0||15.26 M|
|Pres Dollar – Phil.||0||19.88 M|
|Total||1,004.24 M||10,277.36 M|
Looking at the monthly figures, the cent accounted for production of 563.2 million units across both facilities. This accounted for more than half of the overall production activity for the month.
The next most produced denomination was the dime with 200 million pieces struck across both facilities. This was followed by the quarter at 144.8 million pieces, and lastly the nickel at 96.24 million pieces.
There were no circulating quality half dollars, Presidential Dollars, or Native American Dollars struck during the month.
For the year to date, production has now reached 10.28 billion pieces. This is running ahead of the pace of production from the previous year. For the comparable year ago period, production had reached 9.28 billion pieces. Barring any disruption or significant shifts, this year should mark the fifth consecutive year over year increase for circulating coin production.
Annual production had reached its lowest level in decades in 2009 at 3.55 billion pieces. The low figure came amidst a slow down in economic activity and a backwash of existing circulating coinage reentering the system, which sharply reduced the need to newly minted coins. Many of the millions of State Quarters collected during the prior decade were also cashed in, resulting in a long overhang of supply for the denomination.
As the supply of existing coinage was worked down and economic activity increased, annual production totals rebounded in the following years. Production totals would climb to 6.37 billion in 2010, 8.20 billion in 2011, 9.34 billion in 2012, and 11.91 billion in 2013.
There have been no updates provided for the production totals by design for the 2014 America the Beautiful Quarters and 2014 Presidential Dollars. The same figures available in the previous month are shown below.
|2014 US Mint Coin Production by Design|
|Great Smoky Mountains||99.40 M||73.20 M||172.60 M|
|Shenandoah||197.80 M||112.80 M||310.60 M|
|Arches||251.40 M||214.20 M||465.60 M|
|Great Sand Dunes||171.80 M||159.60 M||331.40 M|
|Warren G. Harding||3.78 M||6.16 M||9.94 M|
|Calvin Coolidge||3.78 M||4.48 M||8.26 M|
|Herbert Hoover||3.78 M||4.48 M||8.26 M|
|Franklin D. Roosevelt||3.92 M||4.76 M||8.68 M|