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US Mint Produces Over 1.27 Billion Coins for Circulation in April

The US Mint’s pace of striking coins slowed for the first time in four months in April but it was still quick.

This CoinNews photo shows a stack of Dr. Sally Ride quarters. The US Mint has produced 308.4 million ride quarters.

The Mint produced over 1.27 billion coins last month — spread across cents, nickels, dimes and quarters, representing declines of 12% from March and 3.1% from April 2021. The 1 billion production level has been topped in 14 of the last 15 months.

Here’s how the month compares against others in the past year:

April 2021 to April 2022 Circulating Coin Production

Month mintage rank
April 2022 1,278.88m 6
March 2022 1,452.58 m 3
February 2022 1,260.12M 7
Jan 2022 1,249.84m 8th
December 2021 953.37 m 13
November 2021 1,104.7m 12
October 2021 1,213.86m 9
Sep 2021 1,169.28m 11
Aug 2021 1,187.32m 10
July 2021 1,505.24 m 1
June 2021 1,348.60 m 4
May 2021 1,473.06m 2
April 2021 1,320.28m 5

The US Mint’s main mission is to manufacture coins based on the nation’s demand and transport them to Reserve Banks and their coin terminals for distribution into circulation.

The Federal Reserve orders more 1-cent coins from the US Mint than any other denomination even as data shows that it costs 2.1 cents to make and distribute each one. The Mint struck 708.8 million Lincoln cents in April, representing 55.4% of the circulating-quality coins produced last month.

Month-Over-Month

In month-over month comparisons for coins used daily by Americans, production totals in April declined:

  • 9.2% for Lincoln cents,
  • 5.8% for Jefferson nickels,
  • 25.3% for Roosevelt dimes, and
  • 5.9% for quarters.

Native American $1 coins are no longer ordered by the Federal Reserve, but they are still made in circulating quality for coin collectors. The same is true, or was until last year, for Kennedy half-dollars. Traditionally in January, the US Mint produces both denominations to the expected amounts needed for the entire year. That turned true in 2021 for Native American dollars, but not for halves which saw their mintage last year increase in February, March, April, May and August.

Published mintage of 2022 Native American dollars were unchanged in April, with equal splits of 980,000 from Denver and 980,000 from Philadelphia for a combined 1.96 million coins. In contrast, the 2021 dollar logged splits of 1.26 million for Denver and 1.26 million for Philadelphia for 2.52 million coins.

Mintage for the 2022 Kennedy half-dollar also remained unchanged from January. They stood at 1.6 million from Denver and 1.6 million from Philadelphia for a total of 3.2 million. Last year’s half-dollar ended with a mix of 7.7 million from Denver and 5.4 million from Philadelphia for a combined 13.1 million.

The US Mint started selling rolls, bags and boxes of 2022 Native American dollars on Feb. 9. It released rolls and bags of 2022 Kennedy halves on May 5.

Here’s a summary of all the circulating-quality coins produced last month:

US Mint Circulating Coin Production in April 2022

Denver Philadelphia Total
Lincoln cents 353,600,000 355,200,000 708,800,000
JeffersonNickel 59,760,000 57,120,000 116,880,000
Roosevelt dime 123,500,000 116,500,000 240,000,000
quarters 111,400,000 101,800,000 213,200,000
Kennedy Half Dollar 0 0 0
Native American $1 coin 0 0 0
Total 648,260,000 630,620,000 1,278,880,000

Minting facilities in Philadelphia and Denver are tasked with making all US coins for commerce. Last month, the Denver Mint struck 648.26 million coins and the Philadelphia Mint minted 630.62 million coins for the combined 1,278,880,000 coins.

Year-to-date, the Denver Mint made 2,731,860,000 coins and the Philadelphia Mint made 2,509,560,000 coins. They combine to 5,241,420,000 coins, which is 15.5% more than the 4,538,040,000 coins minted in the first four months of last year.

This next table lists coin production totals by denomination and by US Mint facility:

YTD 2022 Circulating Coin Production by Denomination

10¢ 25¢ 50¢ NA $1 Total:
Denver 1519.6M 264.48M 528M 417.2M 1.6M .98M 2731.86M
Philadelphia 1411.6M 234.48M 469.5M 391.4M 1.6M .98M 2509.56M
Total 2931.2M 498.96M 997.5M 808.6M 3.2M 1.96M 5241.42M

If the current production pace stretched through to December, the annual mintage for 2022 would top 15.7 billion coins. The US Mint manufactured nearly 14.5 billion coins for circulation in 2021.

2022 Quarter Minutes

Lastly, in addition to the 2022 Native American dollar with its one-year-only design, the US Mint has released the first two issues from their four-year program of American Women quarter dollars. Each features a unique design. They include:

This last table offers a breakdown of this year’s mintages that have been reported by coin design, including the pair of quarters just mentioned:

2022 Circulating Coin Production by Design

Denver Philadelphia Total
Lincoln cents 1,519,600,000 1,411,600,000 2,931,200,000
JeffersonNickel 264,480,000 234,480,000 498,960,000
Roosevelt dime 528,000,000 469,500,000 997,500,000
Maya Angelou Quarter 258,200,000 237,600,000 495,800,000
dr Sally Ride Quarter 155,800,000 152,600,000 308,400,000
Wilma Mankiller Quarter (expected release in June) 0 0 0
Nina Otero-Warren Quarter (expected release in summer) 0 0 0
Anna May Wong Quarter (expected release in fall) 0 0 0
Kennedy Half Dollar 1,600,000 1,600,000 3,200,000
Native American $1 coin 980,000 980,000 1,960,000
Total 2,728,660,000 2,508,360,000 5,237,020,000

There are 4.4 million in quarters that the US Mint has yet to officially assign to a design. These are likely the first of many more quarters to depict Wilma Mankiller.

Article Source : https://www.coinnews.net/2022/05/20/u-s-mint-produces-over-1-27-billion-coins-for-circulation-in-april/

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