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U.S. Coin Productions Tops 1.47 Billion in May 2021


The U.S. Mint struck over 1.47 billion coins for circulation last month

The U.S. produced more coins in May than in any month since August, according to manufacturing figures from the United States Mint.

The U.S. Mint struck over 1.47 billion coins for circulation last month, posting increases of 11.6% from April and 62.9% from May of last year.

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

May 2020 to May 2021 Circulating Coin Production

Month Mintages Rank
May 2021 1,473.06 M 4
April 2021 1,320.28 M 7
March 2021 1,134.84 M 10
February 2021 1,163.40 M 9
January 2021 919.52 M 11
December 2020 903.50 M 13
November 2020 1,165.10 M 8
October 2020 1,404.69 M 6
September 2020 1,422.59 M 5
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 12

 

The Federal Reserve orders more 1-cent coins than any other denomination even as data shows it costs 1.76 cents to make and distribute each one. The U.S. Mint made 818 million Lincoln cents last month, representing 55.5% of the circulating-quality coins produced.

Month-Over-Month

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

  • 36.7% more Lincoln cents,
  • 40.6% more Jefferson nickels,
  • 3.3% fewer Roosevelt dimes, and
  • 34.2% fewer 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. Often 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. Philadelphia finally showed up in March at 1.9 million. Then in April, amounts for both facilities advanced by 5.2 million from Denver and 2.9 million from Philadelphia. Finally in May, production increased by 900,000 from Denver and 300,000 from Philadelphia.

Together, the months added to a combined 12.8 million halves — already 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 for a total of 5.7 million halves.

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 debuted on May 11.

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

US Mint Circulating Coin Production in May 2021

Denomination Denver Philadelphia Total
Lincoln Cents 418,000,000 400,000,000 818,000,000
Jefferson Nickels 82,080,000 85,680,000 167,760,000
Roosevelt Dimes 170,500,000 126,000,000 296,500,000
Quarters 108,400,000 81,200,000 189,600,000
Kennedy Half Dollars 900,000 300,000 1,200,000
Native American $1s 0 0 0
Total 779,880,000 693,180,000 1,473,060,000

 

U.S. Mint plants in Denver and Philadelphia manufacture all of America’s coins for commerce. Last month, the Denver Mint made 779.88 million coins and the Philadelphia Mint made 693.18 million coins for the combined 1,473,06,000 coins.

Year-to-date, the Denver Mint has struck 3,204,040,000 coins and the Philadelphia Mint has made 2,807,060,000 coins for a combined 6,011,100,000 coins, which is 22% more than the 4,927,200,000 coins minted through the first five months of 2020.

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 1554.8M 380.68M 724M 535.6M 7.7M 1.26M 3204.04M
Philadelphia 1386.4M 359.3M 643M 412M 5.1M 1.26M 2807.06M
Total 2941.2M 739.98M 1367M 947.6M 12.8M 2.52M 6011.1M

 

If the current production pace stretched through to December, the annual mintage for 2021 would top 14.4 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 May.

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 1,554,800,000 1,386,400,000 2,941,200,000
Jefferson Nickel 380,680,000 359,300,000 739,980,000
Roosevelt Dime 724,000,000 643,000,000 1,367,000,000
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 7,700,000 5,100,000 12,800,000
Native American $1 Coin 1,260,000 1,260,000 2,520,000
Total 2,972,440,000 2,555,460,000 5,527,900,000

 

There are 483.2 million in quarters that the U.S. Mint has yet to officially assign to a design. These are 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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