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U.S. Coin Production Hits 3.21 Billion in First Quarter 2021


The U.S. Mint struck 1,134,840,000 coins for circulation in the first quarter

The United States Mint struck more than 3.21 billion coins for circulation during the first quarter of 2021, a tad less than the amount made in the same period last year, registering the slowest first quarterly pace since 2013.

As for March, the U.S. Mint produced over 1.1 billion coins, representing 2.5% decline from February but a 26.3% increase from March 2020.

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

March 2020 to March 2021 Circulating Coin Production

Month Mintages Rank
March 2021 1,134.84 M 8
February 2021 1,163.40 M 7
January 2021 919.52 M 9
December 2020 903.50 M 11
November 2020 1,165.10 M 6
October 2020 1,404.69 M 5
September 2020 1,422.59 M 4
August 2020 1,657.06 M 2
July 2020 1,697.74 M 1
June 2020 1,596.48 M 3
May 2020 904.12 M 10
April 2020 801.84 M 13
March 2020 898.86 M 12

 

The Federal Reserve orders more 1-cent coins than any other denomination even as data shows it costs the U.S. Mint 1.76 cents to make and distribute each one. The Mint made 608.8 million Lincoln cents last month, representing 53.6% of the circulating-quality coins produced in March.

Month-Over-Month

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

  • 14.3% more Lincoln cents,
  • 16.8% fewer Jefferson nickels,
  • 28.8% fewer Roosevelt dimes, and
  • 3.3% more 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 quality for coin collectors. Typically in January, the U.S. Mint strikes both coins to the expected amounts needed for the entire year.

That wasn’t the case for 2021 halves. Mint data shows none were produced until February, and then only 1.6 million from Denver. The Philadelphia total showed up in March at 1.9 million. Combined, 2021 production of halves stands at 3.5 million. Last year’s half-dollar ended with 3.4 million from Denver and 2.3 million from Philadelphia for a combined 5.7 million.

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

The U.S. Mint started selling rolls and bags of 2021 Native American dollars on Feb. 16. Rolls and bags of 2021 Kennedy half dollars are scheduled for release on May 11.

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

US Mint Circulating Coin Production in March 2021

Denomination Denver Philadelphia Total
Lincoln Cents 335,200,000 273,600,000 608,800,000
Jefferson Nickels 75,600,000 61,440,000 137,040,000
Roosevelt Dimes 114,500,000 91,000,000 205,500,000
Quarters 101,800,000 79,800,000 181,600,000
Kennedy Half Dollars 0 1,900,000 1,900,000
Native American $1s 0 0 0
Total 627,100,000 507,740,000 1,134,840,000

 

U.S. Mint plants in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Denver Mint made 627.1 million coins and the Philadelphia Mint made 507.74 million coins for the combined 1,134,840,000 coins.

First Quarter 2021

In first quarter 2021, the Denver Mint struck 1,847,660,000 coins and the Philadelphia Mint made 1,370,100 coins. They combine for a quarterly total of 3,217,760,000 coins, which is 0.1% less than the 3,221,240,000 coins minted in the first quarter of last year.

This next table lists 2021 coin production totals by denomination and by U.S. Mint facility:

YTD 2021 Circulating Coin Production by Denomination

1 ¢ 5 ¢ 10 ¢ 25 ¢ 50 ¢ N.A. $1 Total:
Denver 884.4M 236.2M 415M 309.2M 1.6M 1.26M 1847.66M
Philadelphia 640.4M 216.74M 349M 160.8M 1.9M 1.26M 1370.1M
Total 1524.8M 452.94M 764M 470M 3.5M 2.52M 3217.76M

 

If the current production pace stretched through to December, the annual mintage for 2021 would end near 12.9 billion coins. The U.S. Mint made over 14.77 billion coins for circulation in 2020.

Mintages by Unique Design

In addition to the Native American dollar, the U.S. Mint released (on Feb. 8) another coin with a one-year-only design — the 2021 Tuskegee Airmen quarter for Alabama. Its mintage remained unchanged in March.

This last table offers a breakdown of this year’s mintages that have been reported by coin design:

2021 Circulating Coin Production by Design

Denver Philadelphia Total
Lincoln Cent 884,400,000 640,400,000 1,524,800,000
Jefferson Nickel 236,200,000 216,740,000 452,940,000
Roosevelt Dime 415,000,000 349,000,000 764,000,000
Tuskegee Airmen National Historic Site Quarter (Alabama) 304,000,000 160,400,000 464,400,000
George Washington Crossing the Delaware Quarter 0 0 0
Kennedy Half-Dollar 1,600,000 1,900,000 3,500,000
Native American $1 Coin 1,260,000 1,260,000 2,520,000
Total 1,842,460,000 1,369,700,000 3,212,160,000

 

There are 5.6 million in quarters that the U.S. Mint has yet to officially assign to a design. These are likely 2021 George Washington Crossing the Delaware quarters. Hundreds of millions more of them will be made until the first American Women quarters are issued in 2022.





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