U.S. Mint Production Pace Slows to 767.3 Million Coins in August

Fewer coins for circulation dropped from U.S. coining presses in August than in July and a year earlier, manufacturing figures from the United States Mint show.

In the headline figure for the month, the U.S. Mint struck 767.3 million coins, marking declines of 36.2% from July and 7.7% from August 2018.

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

August 2018 to August 2019 Circulating Coin Production

Month Mintages Rank August 2019 767.32 M 11 July 2019 1,202.10 M 5 June 2019 1,021.654 M 8 May 2019 485.24 M 13 April 2019 1,253.76 M 4 March 2019 1,054.90 M 6 February 2019 1,256.10 M 3 January 2019 1,507.30 M 1 December 2018 560.64 M 12 November 2018 1,031.24 M 7 October 2018 1,382.18 M 2 September 2018 976.82 M 9 August 2018 831.56 M 10

The Federal Reserve always orders more 1-cent coins than any other denomination even with the latest data showing it costs the U.S. Mint 2.06 cents to make and distribute each one. The bureau produced 460 million Lincoln cents in August, representing 59.9% of the circulating-quality coins produced for the month.

Month-Over-Month

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

35.6% for Lincoln cents,

40.6% for Jefferson nickels,

32.4% for Roosevelt dimes, and

42.2% for America the Beautiful quarter dollars.

Native American $1 Coins and Kennedy half-dollars are no longer ordered by Federal Reserve Banks but they are still made in circulating finish for coin collectors. In January, the U.S. Mint tends to strike both coins to the expected amounts needed for the entire year.

That said, the bureau’s data for February did show an increase of 140,000 in 2019-D Native American dollars. Reported mintages for the space-themed piece are at 1.54 million for Denver and 1.4 million for Philadelphia for a combined 2.94 million coins — up from last year’s dollar mintages by the added 140,000.

Mintages for the 2019 Kennedy half-dollar remained the same for a seventh straight month, totaling 3.4 million coins with equal splits between the Denver and Philadelphia Mints. Last year’s half-dollar was the most produced since the one from 2001. It saw 6.1 million from Denver and 4.8 million from Philadelphia for a combined 10.9 million coins.

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

US Mint Circulating Coin Production in August 2019

Denomination Denver Philadelphia Total Lincoln Cents 202,400,000 257,600,000 460,000,000 Jefferson Nickels 32,160,000 36,960,000 69,120,000 Roosevelt Dimes 66,000,000 98,000,000 164,000,000 ATB Quarters 35,000,000 39,200,000 74,200,000 Kennedy Half Dollars 0 0 0 Native American $1s 0 0 0 Total 335,560,000 431,760,000 767,320,000

U.S. Mint facilities in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Philadelphia Mint produced 431.76 million coins and the Denver Mint produced 335.56 million coins.

YTD Totals

Year-to-date, the Philadelphia Mint struck 4,439,334,000 coins and the Denver Mint struck 4,109,040,000 coins for a combined 8,548,374,400 coins — 6.8% fewer than the 9,174,534,000 coins minted through the first eight months of 2018.

This next table lists 2019 coin production totals by denomination and by U.S. Mint facility:

YTD 2019 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Total: Denver 2434.8M 379M 739M 553M 1.7M 1.54M 4109.04M Philadelphia 2584.4M 445.934M 895.5M 510.4M 1.7M 1.4M 4439.334M Total 5019.2M 824.934M 1634.5M 1063.4M 3.4M 2.94M 8548.3744M

The 2019 monthly average of about 1.07 billion coins tracks over 12 months to roughly 12.8 billion coins. The U.S. Mint made over 13.1 billion coins for circulation in 2018.

Mintages by Unique Design

Through August, the U.S. Mint released five annually issued coins with one-year-only designs. They include:

The following table offers a breakdown of this year’s mintages by coin design:

2019 Circulating Coin Production by Design

Denver Philadelphia Total Lincoln Cents 2,434,800,000 2,584,400,000 5,019,200,000 Jefferson Nickels 379,000,000 445,934,000 824,934,000 Roosevelt Dimes 739,000,000 895,500,000 1,634,500,000 Lowell National Historical Park Quarter (MA) 182,200,000 165,800,000 348,000,000 American Memorial Park Quarter (MP) 182,600,000 142,800,000 325,400,000 War in the Pacific National Historical Park Quarter (GU) 114,400,000 116,600,000 231,000,000 San Antonio Missions National Historical Park Quarter (TX) 0 0 0 Frank Church River of No Return Wilderness Quarter (ID) 0 0 0 Kennedy Half-Dollars 1,700,000 1,700,000 3,400,000 Native American $1 Coins 1,540,000 1,400,000 2,940,000 Total 4,035,240,000 4,354,134,000 8,389,374,000

There are 159 million in quarters that the U.S. Mint has yet to officially assign to a design. These are a portion of the San Antonio Missions National Historical Park quarters that debuted in late August.