U.S. Coin Production Slows to a Four-Month Low

U.S. coin production slowed to a four-month low in April, according to the latest round of manufacturing figures from the United States Mint. Nearly 960 million across cents, nickels, dimes, quarters, and dollars were pressed for the month.

In headline comparisons, the level marks declines of 33.6% from March and 28.3% from April 2016. Here’s how the month stacks up against others in the past year:

The Federal Reserve orders more 1-cent coins than other denominations even as it costs 1.5 cents to make and distribute each one. The U.S. Mint produced a combined 504 million Lincoln cents in April, representing 52.5% of the circulating-quality coins produced for the month.

P-Mint Cents Change

2017-dated circulating cents from the U.S. Mint facility at Philadelphia include a ‘P’ mint mark for the first time in history. This is a one-year-only embellishment, added as a part of the Mint’s 225th anniversary celebration. These P-cents will be far from rare, though, with a combined 1.458 billion made through the first four months of this year alone.

Month-Over-Month

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

  • 34.6% for Lincoln cents,
  • 33.6% for Jefferson nickels,
  • 33.3% for Roosevelt dimes, and
  • 30.9% for America the Beautiful Quarters.

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. In January, the U.S. Mint tends to strike both coins to expected amounts needed for the entire year. In April, however, the Mint did make 140,000 more 2017-P Native American dollars.

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