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US Mint produced nearly 1.17 billion coins for circulation in September

The United States Mint produced nearly 1.17 billion coins in September

The pace of production of US coins for circulation slowed for the third consecutive month in September, but quantities exceeded 1 billion for the eighth consecutive month, according to the latest manufacturing figures released by the United States Mint.

Almost 1.17 billion coins – broken down into cents, nickels, dimes and quarters – were minted last month, a decrease of 1.5% from August and 17.8% from September 2020.

This is how the month compares to others in the past year:

September 2020 to September 2021 circulation coin production

month Imprints rank
September 2021 1,169.28 million 8th
August 2021 1,187.32 million 7th
July 2021 1,505.24 million 1
June 2021 1,348.60 M. 5
May 2021 1,473.06 million 2
April 2021 1,320.28 million 6th
March 2021 1,134.84 million 11
February 2021 1,163.40 million 10
January 2021 919.52 M. 12th
December 2020 903.50 M. 13
November 2020 1,165.10 million 9
October 2020 1,404.69 million 4th
September 2020 1,422.59 million 3

The Federal Reserve orders more 1-cent coins from the US Mint than any other denomination, although data shows that it costs 1.76 cents each to manufacture and distribute. The Mint made 605.6 million Lincoln cents last month, which is 51.8% of the circulating grade coins produced.

month for month

In monthly comparisons for coins used daily by Americans, September production totals saw:

  • 19.6% less Lincoln cents,
  • 14% more Jefferson nickel,
  • 31.8% more Roosevelt groschen and
  • 41.2% more quarters.

Native American $ 1 coins and Kennedy half dollars are no longer ordered from the Federal Reserve Banks, but they are still made in circulation grade for coin collectors. Often in January, the US Mint mints both coins at the expected amounts needed for the entire year.

That was not the case in the halves of 2021. Coin data shows none were made by February and then only 1.6 million from Denver. Philadelphia finally showed up in March at 1.9 million. In April, amounts were advanced by 5.2 million from Denver and 2.9 million from Philadelphia for both facilities. In May production increased by 900,000 from Denver and 300,000 from Philadelphia. Eventually, the Philadelphia Mint produced another 300,000 in August.

Together, the months add up to 13.1 million halves – the most for a year since 2001. Last year’s half dollar ended with 3.4 million from Denver and 2.3 million from Philadelphia, making a total of 5.7 million halves.

The published coins of 2021 Native American dollars have remained unchanged since January, with equal parts of 1.26 million from Denver and 1.26 million from Philadelphia for a combined 2.52 million coins. In contrast, the 2020 dollar was 1.26 million for Denver and 1.4 million for Philadelphia for 2.66 million coins.

The US Mint began selling rolls and bags of 2021 Indian dollars on February 16. Kennedy Half-Dollar Rolls and Bags debuted on May 11th 2021.

Here is a summary of all circulation grade coins produced in the past month:

US Mint circulation coin production in September 2021

Denomination Denver Philadelphia total
Lincoln cents 342,000,000 263,600,000 605,600,000
Jefferson Nickels 79,200,000 55,680,000 134,880,000
Roosevelt dimes 143,000,000 91,000,000 234,000,000
quarter 97,200,000 97,600,000 194,800,000
Kennedy half dollars 0 0 0
Native American $ 1s 0 0 0
total 661,400,000 507,880,000 1,169,280,000

The US mints in Denver and Philadelphia produce all American coins for trade. Last month, the Denver Mint produced 661.4 million coins and the Philadelphia Mint produced 507.88 million coins for the combined 1,169,280,000 coins.

YTD totals

So far this year, the Denver Mint has minted 5,788,020,000 coins and the Philadelphia Mint has minted 5,433,520,000 coins for a total of 11,211,540,000 coins, 0.8% less than the 11,301,070,000 coins minted in the same period in 2020 .

The following table lists the total coin production for 2021 by denomination and by US coin system:

YTD 2021 circulation coin production by denomination

1 5 10 25th 50 Not applicable 1 Total:
Denver 3012.8M 668.16M 1209.5M 888.6M 7.7 million 1.26M 5788.02M
Philadelphia 2927.2M 642.46M 1078M 779.2M 5.4 M. 1.26M 5433.52M
total 5940M 1310.62M 2287.5M 1,667.8 million 13.1 million 2.52M 11211.54M

If the current production rate extended to December, the annual minting for 2021 would exceed 14.9 billion coins. The US Mint produced over 14.77 billion coins for circulation in 2020.

Embossing from Unique Design

In addition to the Native American dollar, the US Mint (on February 8) released another coin with a design only for a year – the 2021 Tuskegee Airmen District for Alabama. Its coinage remained unchanged in August.

This last table provides a breakdown of this year’s coins reported by Coin Design:

2021 Circulation coin production according to design

Denver Philadelphia total
Lincoln cents 3,012,800,000 2,927,200,000 5,940,000,000
Jefferson Nickel 668,160,000 642,460,000 1,310,620,000
Roosevelt dime 1,209,500,000 1,078,000,000 2,287,500,000
Tuskegee Airmen National Historic Site Quarter, Alabama 304,000,000 160,400,000 464,400,000
George Washington crossing the Delaware Quarter not reported not reported not reported
Kennedy half dollars 7,700,000 5,400,000 13,100,000
1 dollar Native American coin 1,260,000 1,260,000 2,520,000
total 5,203,420,000 4,814,720,000 10,018,140,000

There are 1,203,400,000 in quarters that the US Mint has yet to officially assign to a design. This is George Washington Crossing the Delaware Quarters in 2021. Hundreds of millions more will be made by the time the first American Women Quarters are released in 2022.

Article Source : https://www.coinnews.net/2021/10/15/u-s-mint-produces-nearly-1-17-billion-coins-for-circulation-in-september/

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