US Mint Coin Production January 2011
The United States Mint has provided their first circulating coin production figures of the year, indicating coins struck at the Philadelphia and Denver Mint facilities during January 2011.
Overall production was 764.73 million coins, covering all denominations. This represents a significant increase from the production level from the year ago period. In January 2010, the US Mint has struck 218.41 million coins.
It is also an increase from the average monthly circulating coin production for the prior year, which was about 531 million. Last year, the highest monthly production occurred in June when 918.94 million coins were struck.
|2011 US Mint Coin Production Figures|
|Lincoln Cent - Denver||263.2 M|
|Lincoln Cent - Phil.||134.8 M|
|Jefferson Nickel - Denver||77.28 M|
|Jefferson Nickel - Phil.||15.84 M|
|Roosevelt Dime - Denver||110.00 M|
|Roosevelt Dime - Phil.||20.00 M|
|Quarters - Denver||30.40 M|
|Quarters - Phil.||30.80 M|
|Kennedy Half - Denver||1.70 M|
|Kennedy Half - Phil.||1.75 M|
|Native Am Dollar - Denver||4.62 M|
|Native Am Dollar - Phil.||1.68 M|
|Pres Dollar - Denver||37.10 M|
|Pres Dollar - Phil.||35.56 M|
The Lincoln Cent accounted for more than half of all coins produced in January, at 398 million across both facilities. Last year, the US Mint struck more than 4 billion Lincoln Cents.
Production of nickels and dimes is running above the averages of last year, driven by the large amounts struck at the Denver Mint.
Continuing the trend from last year, the number of quarters produced has remained low. As a result of large inventories of previously issued quarters held by the Federal Reserve Banks, demand for new quarters has been low. So far, the average mintage for America the Beautiful Quarters has been about one-tenth the level of the prior State Quarters program.
For the Kennedy Half Dollar, there were 1.7 million coins from the Denver Mint and 1.75 million from the Philadelphia Mint. Last year, similar amounts had been struck in January, with no additional half dollars struck for the rest of the year. This denomination is not issued for circulation, but distributed only through numismatic bags and rolls, which are sold at a premium to face value.
Production of dollar coins primarily consisted of Presidential Dollars. Eventually, the US Mint will have to increase the ratio of Native American Dollars produced since by law at least 20% of all dollar coins minted and issued each year must be Native American Dollars.
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