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Thursday, February 10, 2011

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

January 2011
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


Total 764.73 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.
Coin Update News: Collecting Modern Commemorative Coins

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6 Comments:

At February 10, 2011 at 9:12 AM , Anonymous willzilla said...

Wow! Denver was a lot busier than Philly.

 
At February 10, 2011 at 1:04 PM , Blogger TimLeeBark said...

I bet it was more snow in Philly than Denver. It is like they flip-flopped this year. Got my 2011 Silver Proof Set yesterday, fabulous looking on the black background. As in years past the half and the 5 quarters are gorgeous. I wish all the coins were. The Mint must take greater care in the production of these 2 items. They are flawless, the others not so special.

 
At February 10, 2011 at 1:45 PM , Anonymous Omega said...

Nice article link to modern commemorative coins. I look forward to part two. I have been picking them up over the past year as many are trading so close to silver value. Maybe they'll be winners some day, but if they are not the risk is low as the premium to silver was small. I like the variations in design and they'll make a nice collection when viewed together.

 
At February 11, 2011 at 5:32 AM , Anonymous VABEACHBUM said...

Hey Michael - Have you been privy to any updates on the production and release of the 2011 ATB Bullions, as well as the 2010 and 2011 ATB Numismatics? I find the overwhelming silence indicative of revamps to the programs and the rules.

Here we are, seven weeks into 2011; Gettysburg coins were released over two weeks ago. Several of the APs have yet to sell their 2010 allocations, and narry a peep related to the 2011 aspects of the program.

I also would appreciate some insight into 2011 production numbers. Is the Mint planning to achieve 100K each for the bullion, and will the numismatic numbers be higher? Or, has the Mint determined that these products are severely constrained by equipment, materials and processes, thus reducing final numbers?

As always, thanks for the time and the effort you put into all of your works. I, for one, appreciate it!!

 
At February 11, 2011 at 12:09 PM , Anonymous Anonymous said...

Any body got 2011s?

 
At February 12, 2011 at 5:12 AM , Anonymous Anonymous said...

I got my first 2011 Lincoln cent as change at a coffee shop in Union Station in Washington, D.C., yesterday (2/11).

 

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