Mint figures show 246 million quarters were struck in January. Mint manufactured over 13.6 billion coins for circulation in 2022. If the current production pace stretched through to December, the annual mintage for 2023 would top 14.4 billion coins. In overall production totals for January, the Denver Mint made 637.74 million coins and the Philadelphia Mint made 562.724 million coins for the combined 1,200,460,000 coins, which is 4% fewer than the 1,249,840,000 manufactured in January 2022. Mint Circulating Coin Production in January 2023 This next table shows 2023 circulating coin mintages by production facility, denomination, and design. In May, the bureau is expected to offer collectors rolls and bags of circulating 2023 Kennedy halves. Mint started selling rolls, bags and boxes of 2023 Native American dollars. In contrast, the 2022 dollar recorded equal splits of 980,000 from each facility for a total of 1.96 million coins. These compared to production runs in 2022 totaling 4.9 million from Denver and 4.8 million from Philadelphia for 9.7 million coins.Ģ023 Native American dollar mintages are not expected to change with splits of 1.12 million each from the Denver and Philadelphia Mints for a combined 2.24 million coins. Figures to date have this year’s halves at 2.2 million from each production plant for a total of 4.4 million coins. It has not been disclosed whether any 2023 Kennedy half dollars will be produced for general circulation. That has not been the case for Kennedy halves in each of the two prior years, however, as the Federal Reserve unexpectedly ordered millions more for circulation - roughly 12 million and then 7 million in fiscal years 20, respectively. Mint produces both denominations to the expected amounts needed for the entire year. The same was true for Kennedy half dollars until recently - years 20. Native American $1 coins are no longer ordered by the Federal Reserve, but they are still made in circulating quality for coin collectors. Mint also strikes other coins in circulating quality, namely dollars and half dollars. Mintages of Native American Dollars and Kennedy Halves In month-over-month comparisons for coins used daily by Americans, production totals in January increased: As an example, last year’s high-water mark happened in January when 59.8% of the circulating coins minted were cents. Historically, before then, more than half of the coins produced in any given month were cents. This continues a sub-50 trend which began in May. The Mint struck 485.2 million Lincoln cents in January, representing 40.4% of the circulating-quality coins made for the month. The Federal Reserve always orders more 1-cent coins than any other denomination even though the latest available data shows that it costs the Mint 2.72 cents to make and distribute each one. The Mint produces, sells and then delivers circulating coins to Federal Reserve Banks to support its service to commercial banks and other financial institutions. Mint’s top mission is to manufacture coins in requested quantities to meet public demand.
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