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.
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Labels: Coin Mintages