Mint News Blog

News, Information, and Commentary on US Mint Products

Monday, March 14, 2011

US Mint Coin Production February 2011

Circulating coin production at the United States Mint fell compared to the previous month, but remains well ahead of year ago levels. Total production across both the Philadelphia and Denver Mint facilities was 523.14 million coins.

Last month, production was higher at 764.63 million. Last year, in February 2010, the US Mint had only struck 194.4 million coins.

Production took place across all denominations except for the half dollar. Dollar coin production consisted of Native American Dollars only, with no Presidential Dollars reported struck.

The table below shows a breakdown of production by coin and mint facility for the most recent month, as well as the current year to date total.

2011 US Mint Coin Production Figures

February 2011 YTD 2011
Lincoln Cent - Denver 144.00 M 407.20 M
Lincoln Cent - Phil. 192.00 M 326.80 M
Jefferson Nickel - Denver 2.88 M 80.16 M
Jefferson Nickel - Phil. 29.28 M 45.12 M
Roosevelt Dime - Denver 29.00 M 139.00 M
Roosevelt Dime - Phil. 62.50 M 82.50 M
Quarters - Denver 11.80 M 42.20 M
Quarters - Phil. 30.40 M 61.20 M
Kennedy Half - Denver 0 1.70 M
Kennedy Half - Phil. 0 1.75 M
Native Am Dollar - Denver 13.44 M 18.06 M
Native Am Dollar - Phil. 7.84 M 9.52 M
Pres Dollar - Denver 0 37.10 M
Pres Dollar - Phil. 0 35.56 M

Total 523.14 M 1,287.87 M

As is typically the case, the one cent coin accounted for the largest percentage of coin production. Across both facilities there were 336 million Lincoln Cents produced, accounting to about 64% of all coins struck during the month. The pace of production is ahead of last year when the final mintage was just over 4 billion.

Production of nickels and dimes slowed compared to the previous month, particularly for nickels. The five cent denomination has received some attention recently since the intrinsic value of the copper and nickel composition exceeds its face value. Following the passage of the Coin Modernization, Oversight, and Continuity Act of 2010, the US Mint recently requested public comment on factors to be considered as they begin metallic coinage materials research.

Quarter production remained around the low levels experienced since the start of the America the Beautiful Quarters program. The reduced production is presumably in response to decreased coinage orders from the Federal Reserve Banks, who have indicated an abundance of quarters within their inventory.

Native American Dollar production was higher, allowing the US Mint to catch up with their requirement that at least 20% of all dollar coins produced each year must be Native American Dollars.

The US Mint has posted final production figures for the Andrew Johnson Presidential Dollar. There were 37.1 million coins struck at Denver and 35.56 struck at Philadelphia for a total of 72.66 million. This marks another fresh mintage low for the series.

Coingrader Capsule: Disclosing No-Grade Data in Population Reports



At March 14, 2011 at 11:27 AM , Anonymous Anonymous said...

Any idea if and when the Mint will make the 2011 Native American Dollars available through the "direct ship" program?

At March 14, 2011 at 11:56 AM , Anonymous JA said...

Not surprise to read that there are plenty of existing quarters in the system and new ones are not being ordered.

I've been asking my bank about the new quarters for over a year and they have yet to see even a single roll come in.

At March 14, 2011 at 4:58 PM , Anonymous Anonymous said...

I've been rather negative on these pseudo-rare, recently issued nickels and dimes.

However, I'm beginning to think there may be some "non-zero" chance the penny, nickle, and dime will be declared obsolete by Congress and the Mint will destroy all non-released inventory.

You never know what the screwy Mint (or Congress) will do.

At March 14, 2011 at 5:03 PM , Anonymous Anonymous said...

BTW...has anyone notice that over the past couple weeks the "product availability" of the Abigail Fillmore coin has been pushed back (daily) from 18Mar to 29Mar?

What's up with that?!

At March 14, 2011 at 6:18 PM , Anonymous Anonymous said...

Abby Fill is about sold out. That's why.

At March 14, 2011 at 6:46 PM , Anonymous Anonymous said...

I have to agree with the previous post - the Fillmore Unc is probably sold out.


At March 14, 2011 at 7:05 PM , Anonymous Anonymous said...

Aren't the first spouse coins supposed to be unavailable one year after issue? I believe Abby fillmore was issued around 3/21/2010.

At March 14, 2011 at 7:23 PM , Blogger Mint News Blog said...

The US Mint has said they would be available for "approximately one year", which has ranged from ten months to fourteen months. This does not count the early sell outs, when production based on demand forecasts has fallen short (proof Pierce, Buchanan).

Sales usually end to coincide with the start of sales for another release. In this case, it will be when Eliza Johnson sales begin.

At March 15, 2011 at 5:22 AM , Anonymous Anonymous said...

I think it's odd that the Uncirculated Abigail Fillmore would sell out before the Proof.

At March 15, 2011 at 7:32 AM , Anonymous Anonymous said...

I am also waiting for the mint to offer the 2011 Native American Dollars through the Direct Ship program. The 2009 and 2010 were offered in early January of those years. Why the hold up this year?

At March 15, 2011 at 7:36 AM , Blogger Mint News Blog said...

I don't have confirmation, but I think the Mint will offer the 2011 Native American Dollars through Direct Ship.

Since they are not required to do so by law (as with Presidential Dollars), the Federal Reserve Banks have not ordered Native American Dollars for distribution to circulation channels.

Thus, Direct Ship has been the primary means of distributing the required 20% mintage of Native American Dollars.

The US Mint still has not officially "launched" the 2011 Native American Dollar. The ceremony is planned for March 25. This might be impacting the usual time line.

At March 15, 2011 at 1:17 PM , Anonymous Anonymous said...

I get the new Quarters by the roll at a United Bank and Trust. If you have any in your area, you might want to check with them. I live in SE Mi. and usually end up with the P mint, but from time to time I do get some D's. Gettysburg was a D this last time around. So that was interesting.

At March 17, 2011 at 5:53 AM , Anonymous Anonymous said...

I have an Andrew Jonson Dollar!!!!!!!!!


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