US Mint Coin Production June 2010
The United States Mint recently updated coin production figures through the end of June 2010. The numbers include the first 2010-D Jefferson Nickels and the preliminary production figures for the Yellowstone National Park Quarters.
For the month of June 2010, total circulating coin production reached 918.94 million. This is the highest level in more than a year and also represents the fourth consecutive month to month increase. Compared to January 2010, overall monthly coin production has quadrupled.
The table below shows the breakdown of production by denomination and mint facility. The first number column shows the production for the prior month and the second column shows the year to date production through June 30, 2010.
| 2010 US Mint Coin Production Figures | ||
| June 2010 | YTD 2010 | |
| Lincoln Cent - Denver | 296.00 M | 911.60 M |
| Lincoln Cent - Phil. | 289.20 M | 939.63 M |
| Jefferson Nickel - Denver | 36.24 M | 36.24 M |
| Jefferson Nickel - Phil. | 46.80 M | 76.08 M |
| Roosevelt Dime - Denver | 82.00 M | 186.50 M |
| Roosevelt Dime - Phil. | 64.50 M | 219.50 M |
| Quarters - Denver | 24.60 M | 88.40 M |
| Quarters - Phil. | 29.20 M | 88.80 M |
| Kennedy Half - Denver | 0 | 1.70 M |
| Kennedy Half - Phil. | 0 | 1.80 M |
| Native Am Dollar - Denver | 1.40 M | 42.98 M |
| Native Am Dollar - Phil. | 0 | 32.06 M |
| Pres Dollar - Denver | 24.50 M | 99.82 M |
| Pres Dollar - Phil. | 24.50 M | 100.24 M |
| Total | 918.94 M | 2,825.35 M |
The Lincoln Cent had the highest production for any coin during the month with 296 million produced at the Denver Mint and 289.20 million produced at the Philadelphia Mint.
The first 2010-D Jefferson Nickels were produced in June with production of 36.24 million. The Philadelphia Mint also struck an additional 46.8 million nickels. Total year to date production of Jefferson Nickels across both mints is now above the combined total for the prior year.
Production for 2010 Roosevelt Dimes jumped during the month with 146.5 million produced across both facilities. This monthly total is above the combined 146 million dimes minted during all of 2009.
While monthly quarter production continued at a moderate pace, the US Mint posted the preliminary production figures for the Yellowstone National Park Quarter. There were 33.6 million from the Philadelphia Mint and 34.8 million from the Denver Mint for a combined total of 68.4 million pieces. This exceeds the preliminary production figures for the prior Hot Springs Quarter, which were 30.6 million from Philadelphia and 29 million from Denver for a total of 59.6 million.
There were 1.4 million Native American Dollars struck in Denver, and Presidential Dollar production was 24.5 million from each facility.
The rapid scale up in production this year has been surprising. Anecdotal evidence also suggests that the coins are reaching the channels of circulation faster. I have read several reports of 2010 Roosevelt Dimes and 2010 Lincoln Cents appearing in change, although the America the Beautiful Quarters seem more elusive in circulation.
Labels: Coin Mintages
posted by Mint News Blog @ 11:08 AM
30 Comments:
Whoever paid 30 dollars for a 2010 p dime wishes they hadn't now. Ouch!
Just another reason to love the US Mint.The Fed and the US Mint are a double edged sword that will scalp the public for as much as they can take.If anyone thinks that there is not favors given and mintage figures held back to make sure those favors are well rewarded.
Then you should go look at some great oily ocean front property in Louisiana right now.The fact that Puerto Rico got the first cents and nickels was no mistake or random luck of the draw as Moy so politically lied about.Our government is more corrupt then it ever has been in history and the people are starting to see the non transparent truth of the good ole boy buddy system.Now the good ole boy buddies in Cali can ride out a full month of profits until that ball gets dropped and the only ones screwed are the ones that didn't wait to see the mintage outcome.This is more proof that no one and I mean no one should ever buy freshly minted coins hoping that the mintage will make the difference.Buy them because you want to continue a collection or see the new coin to enjoy it.But paying a premium out of hope can and usually does lead to major disappointment.
I see many people paying premiums for NF Stringer and Sons rolls.I see the shrink wrapped rolls going at lower premiums.Why is this? Aren't the shrink wrapped rolls designed to make the coins last longer in storage.Isn't the ammonia and ink in NF Stringer rolls worse for the coins in long term storage.Can someone help me understand this difference.I want to buy rolls that I can store long term. Which rolls will last longer and keep the coins safer in a long term storage situation?
I believe the NF String and Son rolls are deemed more valuable because it means they came directly from the Fed Reserve as is. That is, no one else messed with the coins. You're getting a semi-guarantee of more or less untouched mint-state coins usually all of the same date and mint. Any other wrapped roll there is no real idea what you're getting. Could be a mixed roll of old and new... could be a roll someone else other than the Federal Reserve made, and thus it may have been searched through and have varied quality.
Anyone else know anything more?
As to conspiracy theories about kickbacks and the Mint... I only wish our government had it put together enough to be able to accomplish what you're suggesting they are doing. I seriously doubt the Mint or Mint officials are getting kickbacks from Puerto Rico banks and I also doubt any of this kind of chicanery is worth the piddly amount of profits from selling rolls of dimes and nickels shortly before others can get there hands on them.
But then again, I'm one of those nuts that thinks Oswald was the only shooter and that most any UFO sighting is anything but aliens.
If anyone is detecting signal penetration from the mother ship it is time to wrap your head in heavy duty Reynolds wrap before you go to bed. I personally have a tin foil hat I wear all day for added protection and no one knows the difference.
So which one is better for long term storage.The facts are that the rolls are rolled by contracted companies who roll them for distribution.The fed or US Mint has nothing to do with rolling the coins as far as I know the US Mint sends the coins in bags to the contractors who roll them and box them up for the fed to distribute.They also do the same thing for the rolls that are sold out of the US Mint.So as far as I'm concerned the term OBW is obsolete any more.Banks used to wrap the rolls themselves when they received bags from the fed.I believe now all rolls are rolled and boxed by contractors then sent to the fed for distribution to banks.So rolls being mixed may only be those rolls that very few banks roll themselves now.Even the fed distributes mixed date rolls from coins that are turned into them for them to go through and sort out the silver and copper which they have been doing for years.NF Stringer and Sons only produces the paper for the rolls.They do not do the rolling for the US Mint.So my question is.Which roll is safer for long term storage?The shrink wrap is designed for the coins to last longer and not be effected by any ammonia or ink which the NF Stringer and Sons and other paper rolls contain.I know that long term storage is obviously better for coins when a coin safe tube is used.But do these new shrink wrap rolls actually last with no damage caused to the coins in a long term storage situation.And why do all these people just want heads/tails rolls.Have people just complete lost their minds with gimmicks.Do people realize just how easy it is to rewrap a roll and make it H/T.I guess for every idiot out there.There is a gimmick to make them pay more.
Regarding the NF String rolls comings directly from the Fed I have yet to see any of the '09 -P Jefferson Nickel Unc. rolls in a NF String wrapper. I have only seen them sold in a white paper wrapper with similar type green markings but no NF String printed thereon.
Jim L.
The nickels are out in three different way on 09s and 2010s.The plain white with blue stripes on each end,the shrink wrap and the NF Stringer and sons rolls.For some reason people are fixed on wanting only NF Stringer rolls.I guess it is something people prefer over plain Jane rolls.Much like PCGS or NGC slabs are preferred over ANACS or ICG.It's all in the marketing I guess.Quality is what people want and NF Stringer and the top graders are signs of quality.Makes sense for people to want quality.
It's NF STRING, not StringER!
Sorry, I couldn't take it anymore.
Don't the blue striped nickel rolls still say "N.F. String and Son" in small print in the middle? Maybe not, but that's what I remember seeing. Some of the one I'm looking at on Ebay look that way as well.
Found this Ebay article ABOUT rolled coins:
http://reviews.ebay.com/BU-Roll-Buyer-apos-s-Guide-Part-1-Introduction_W0QQugidZ10000000001449039
So, long story short... the N.F. String wrapped rolls have a better chance of coming directly from the Federal Reserve's hired armored car companies (but no guarantee since anyone can buy their own N.F. String wrappers).
Mint wrappers on rolls originate from the Mint (though still wrapped by third party companies similar to rolls from the Fed).
Any other kind of roll wrap absolutely weren't from from the Feds.
Also there is no absolute guarantee that a N.F. String wrapped roll of dimes with a 2009-D dime on both ends means that they are all 2009-D dimes in there... though, the likelihood is high IF the current date isn't too far away from that year.
As to storage, I can't find anything that says that one wrapper is better than another... though, the argument that shrinked-wrapped is better seems right. Though, in the end a coin tube is probably your best bet.
Thanks to one and all for the great answers on the String rolls. For one, I didn't realize that anyone can get their hands of String wrappers. With that in mind people still won't pay as much for a higher quality plastic tube or coin safe in an Ebay auction for the reason that they assume that it guarantees the coins were picked through.
Jim L.
I agree.I think if the seller is selling the wrapped roll with a coin safe tube for you to take the coins out yourself and place them in the tube for safe keeping and long term storage.I think that is the best deal.The facts are that there are more then one contractor that rolls coins for the fed and the mint.Storing coins in paper wrappers is not a good idea.You should have all your rolls out of them and put in coin safe tubes.This whole big deal about different wrappers and premiums for wrappers is just as bad as buying the PCGS ms70s just for the slab and label.When it gets down to it.Your buying the coins not the slab or the wrapper.Why can't people understand that.It's the coin that should carry the value.Not the label or the wrapper.One day coin collecting might get smarter.But for now with all the millions of gimmicks out there.The hobby just keeps getting eroded away with ripoffs.
Starting with that "First Strike" nonsense and progressing to "CAC", Secure Plus, and so on... This scheming will go on and on, taking collectors for a very long ride for money which would better be spent on what we all like "COINS". I have read complaints galore about mint pricing and in defense of the Mint and the government at least one can say they are sending out coins. PCGS and it's associates are sending out plastic, labels, and the illusion of satisfaction - to "coin" a phrase "a first strike at collectors wallets." And all for their redundant opinions. Can you imagine the coins one can buy for the cost of grading fees and the special labels. If I remember correctly last years uncirculated set was a steal for the number of coins it offered. I generally do not agree with the negative comments posted about the Mint and Moy. Collectors should really wise up about the grading racket. PCGS cannot even guarantee that they can maintain orignal mint surfaces of coins which they encapsulate. I know because they screwed some of my coins and I will not do business with them or recommend them.
We real "oldtimers" have been storing newly minted BU rolls of coins the old fashioned / time tested / tried and true method. I've done this almost 52 years: I actually use (and have always used) plastic or plain latex type gloves and rip off what ever paper wrappers the rolls came in. Direct from the FED, Mint, contractors, local banks, where ever. I carefully place them in plastic coin tubes with either 2 pin or screw tops. The only thing that has varied over the many years has been the tape used around the tops. I've used black electricians plastic tape, scotch tape, tan paper tape, etc. Yes, some tape has "dried" and some scotch has turned yellowish. But I can assure you that no one would turn down buying my rolls as they look as shiny and brand new as the years they were minted. You buy a coin or rolls of coins for the coins, not the wrappers. Most have been stored in metal cash boxes, and very thick shoe storage cardboard boxes. After I pass on, my son and daughter can hire a big Ryder truck and sell off my life's accumulations to a reputable dealer. There are still a few honest men and women in the business.
You should see my original rolls of 1955 PDS Roos dimes gleeming in their tubes. There are several hundred rolls of just about every denomination and year. Storing any rolled coins in paper or soft plastic is absurd. People who have bought those outrageously priced cents last year direct from the Mint in "special" metal tarnishing colorful paper wrappers just goes to prove fools and their money are soon parted. So it's cost me about .10 a plastic roll to store my collection and roll accumulation over all these many years. So what? Every coin has been fully protected since I started in 1955 while in high school. No moisture, fingerprints, movement knicks, rub marks, spots, etc. Gotta be worth the dime to do it right.
You have to expend your money when and how it's treatred best. Nothings changed. ~ Grandpa
I can only hope more people see these posts and wake up about all the roll rip offs out there.Specially the old obw rolls that usually just someone using old paper to reroll them in and call them OBWs.Truth be know is what grandpa says.Even if the OBW roll is original.If it was kept in the original old paper all those years.The chances are that you will get screwed with a messed up bunch of old coins that should have been put in a protective tube the day they were purchased.As I said before.One day people might just wake up and see all this nonsense and buy the COIN and get back to enjoying a great hobby of collecting what floats their boat.Right now I see so many people sinking their own ships before they even break out their wallet to pay.But sometimes it takes a big ripping off to wake up and realize your stupidity and correct it before you completely screw up any chance for seeing a return for your family who you plan to leave your collection to.For me I collect out of love for coins designs,designers who designed them and the history behind the designs.I love low mintage items like any smart collect does.And I can hope one day that my family benefits from my investments. I have enjoyed this hobby for more then 40 years now and I hate to see it ruined by all the nonsense I see.
One thing I do with some of the paper rolls is to put them in a Foodsaver bag and vacuum seal them that way to remove air and moisture..
I don't know why rolls wrapped in a premium grade coin kraft paper should be harmed by it per se as there are anti-tarnish chemicals impregnated into the kraft to neutralize the ph. Air and moisture are another matter.
Jim L.
Jim
Complete untrue.The paper used to roll coins has ink and ammonia in it which is bad for the coins.The printing process to make any paper printed items has harmful chemicals in it and should be removed from the coins as soon as possible.The best way to store the coins is in coin safe tubes.But vacuum sealing isn't a bad idea either if you have the ability to do that.So paying a premium for a wrapper or a H/T roll is just plain ignorant IMO.
The biggest ripoff I see on ebay is all these sellers selling rolls with older coins in them and placing key date coins on the ends to make people think that the roll is more valuable.People seem to fall for this crap as I see many people paying high premiums for this ripoff scam.Usually just old cull key dates are used and the rolls are filled with junk cull coins.For ever scammer out there is ten idiots willing to part with their money.ebay and the internet has turned coin collecting into a scammers paradise.I guess it takes getting ripped off a few times to figure this out for most people.A fool and his money soon will part.
RE: July 11, 2010 6:26 AM
You say that ink has ammonia etc. however not all inks contain solvents as some are water based which is potentially cheaper to use. All inks evaporate and dry long before end use. Bleached kraft (white) coin wrapper stock is a premium paper grade treated to (mostly) avoid wicking of the inks to the underside that touchs the coin stack and thus helps the printer use less ink (less cost). The reason this is done this way in the first place is that it is economical and because the government stores rolls for lengthy periods of time in humid environments . I would guess that the plastic shrink wrapper is the ultimate method as it has obvious advantages over paper. What people pay as a premium for kraft wrapped rolls, again, is a matter of the underlying and legitimate fear of tampering.
If, as a previous poster states, anyone can get their hands on String wrappers then in today's world all rolls except US Mint wrappers can be potentially tampered with. The only other way to reassure a skeptical buyer would some form of tamper proof seal that raises cost.
Jim L.
Check this scam out on feebay #320559128612.Some idiot is going to pay big bucks just for the chance that one of the coins is a 1909 S vdb.Kinda makes ones blood boil and wish they could get their hands around the neck of this selling scammer.
To :Jim L
Your theory of protective paper coin wrappings was pretty much wiped out by the sale of the 2000 and 2001 Sacagawea coins early in the year this year when the US Mint passed off a bunch of old junk because they had to get rid of the crap they had knowing it was going bad.Storing paper wrapped rolls IMO is ignorant.No offense but any smart collector removes the wrapper and places their coins in coin safe protective tubes.
Read the scammers toolhaus and you'll see other idiot buyers were pissed when they received the rolls they paid to much for.This is typical for the crap you can expect to see on the internet and specially feebay.Why Michael even shows ebay auction on this site is questionable at best to me.
Toolhaus of scammers feedbacks:
http://toolhaus.org/cgi-bin/negs?User=coinmaster!!&Dirn=Received+by&ref=home
July 11, 2010 10:16 AM
I have never argued against anybody transferring coins to a better container as you and I both have done. My post only argues against idea that it is the coin kraft and inks that are in and of themselves causing the degradation of coins. We can agree that coins in paper sleeves in an immoderate environment will degrade faster. My only point is that many people have a belief, founded or not, that coins contained in String wrappers are not picked through, and it is a fact in today's world that if you intend to sell your coins on EBay in the future and do so with the coins in other than a String wrapper they will sell for less if at all.
Jim L.
The Fed doesn't have coins wrapped to preserve their mint luster or collectability. They are wrapped as a handling convenience. They don't care if a coin is tarnished or not, they all spend the same.
If one is to keep rolls in paper, make sure it is in a low humidity environment, preferable loosely packed, in a sealed container with desiccants (not touching the rolls). I like the vacuum seal idea too, but be careful, a small amount of air will still be there as will any moisture currently in the paper, most likely unnoticeable. With no circulation of dry air, and nowhere for the minute amount of moisture to escape, you could be causing more harm long term. Perhaps those tiny desiccant/oxygen eater packs like you find in beef jerky (they can be purchased new, in bulk pretty cheap online)placed inside prior to sealing would be a good addition.
Moisture, over time, will react to the acids in the paper and leach onto the coins at worst. Even without acid or chemicals, moisture and coins don't mix. You wouldn't wrap your coins in a sponge. That's paper at best.
That said, we all have seen old rolls that still look good, even great. Someone took care of these. Plastic coin tubes are a good alternative, but lets face it modern roll value seems to be in the mint paper, not (unfortunately)the coins, so care for them the best you can because an $8.95 pair of P & D cent rolls is worth $1 without the paper.
It would be nice if the Mint stated (maybe I just haven't seen it) if their roll papers w/inks and cardboard boxes are acid free, archival grade and the cheap plastic holders, in roll boxes, are coin safe. How many times have you pulled a roll out of these and saw ink residue (particularly on the Sac and Kennedy rolls) in the bottom of the plastic? I open my boxes to have a look, but plenty of folks don't and like to keep them sealed.
Chemicals in "Mint" produced or sold products? Some say yes, others say "no". I hope the majority hasn't forgotten that overpriced offering a few years back, wherein you got a coin to be kept in an Indian hand made pouch. The bait was that several different tribes were to decorate the tiny "deerskin" pouches with fancy beadwork. The crowd went wild. I opened my carton on arrival to view the various randomly packed beaded pouches. Lo and behold, the "smell" was a dead giveaway that the coins could NEVER be stored or placed into the little pouches. Why? The "indians" treated and cured the leather with a chemical preservative so the skin would stay soft and not mold and rot! You store a coin, even in a plastic capsule, in a preservative treated leather pouch and in 2 years you can throw that coin away as RUINED by the chemical interaction. A few of us contacted the Mint to clue them in, and after several months, and embarassing investigation, they mailed out little cardboard warnings NOT to store the silver coins in the pouches as "some deterioration and damage" was likely to occur.
Imagine innocent collectors who bought them from a secondary source and never were advised about the chemical leaching into the capsule? Some day they will open their cute purchase and throw up. Those of us who pay attention have stored the silver capsuled coins in oversize coin tubes, and the pouches stored in separate zip lock bags. If you care to preserve the pouches, open the zip locks every 2 years or so outside on your patio. Paper wrappers are dangerous for coin storage, also many straight-from-the-mint offerings. No one thinks or seems to care about quality, only making a buck. ~ Grandpa.
Extremely good memory grandpa.I do remember that fiasco on those coin pouches.My brother works for a printing company and he tells me about all the chemicals they use when producing labels and other printed supplies.It is important if you collect for the long term to store your coins properly in the correct conditions.This has been a great education that many newbie and old collectors should read.Any coin/medal is susceptible to damage if not properly cared for.It will be those who preserve the Mint State or same condition of the coins they buy that benefit the most in the long term.I don't plan to be alive to sell my coins as I want them to benefit my family when I pass away.So since I do love my family so much.It is my duty to make sure that the investment I make today and proper care I take for the long term will benefit them the most when I'm gone.Plus it is nice to take out a coin I bought years ago to see it in the same shape as the day I bought it.
My Lewis and Clark pouch set originally came with the warning note however this was worded as a precautionary advisory as the leathers had been cured over fire and smoke in the traditional ways of the Indians. You can smell the smoke to this day if you sniff the pouch. Thus not knowing what (if any) problem that could arise from that smoking process the mint suggests to err on the side of caution and not keep the coin in the pouch or in the set at all. The Lewis and Clark dollar itself is packaged in the usual mint airtite capsule in its own molded tray in a separate section of the kit. I look at it periodically and can see so evidence of degradation and being that it's in an airtite I can't envision a problem. Aside from that these sets have not held there value too well which is a shame because it is a must have in MHO but then as I've previously stated I'm a sucker for anything with an old west theme.
Jim L.
Isn't this the same set that the Mint offered a refund on years later due to finding out that one of the "Indian tribes" who did the pouches wasn't even REAL?
What a total fiasco!
I'm pretty sure you're right about a refund due to some tribe that got disqualified. However, for anyone who purchased the set new there was no picking and choosing on the pouchs or tribe. Today's EBay buyer gets to see a photo of the actual pouch he/she will receive, plus they're going for bargain prices. I got lucky and received a beautifully beaded pouch made of deerskin. The smoky odor lets you know that the hides were not out of some factory but prepared traditionally. If I had some extra dough I would go after a couple of more sets if for no other reason than you could gift these to someone who would appreciate the concept.
Jim L.
Any word on the 09 proof set mintage yet? I'm figuring it to be very high since it sold for half of 2010.
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