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U.S. Mint Production Drops in August



 
 
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Old September 15th 10, 06:44 PM posted to rec.collecting.coins
Tom Wayne
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Posts: 17
Default U.S. Mint Production Drops in August

There have been more dollar coins made year-to-date through August
than either nickels or quarters!

http://numismaticnews.net/article/Mi...ops_in_August/


Mint Production Drops in August
September 10, 2010


For the second month in a row, Mint coin production fell in August.

However, overall August output of 743.78 million coins was still only
28.3 million lower than the July figure of 772.08 million.

June’s output of 918.94 million coins is the Mint’s highest monthly
total for calendar year 2010.

The decline in output seems to be centered in Denver because normally
the outputs of the Mint’s two circulating coin production facilities
more closely match. In August, Denver produced 135.74 million fewer
coins than Philadelphia.

So far this year, the Mint has produced 4,341,210,000 coins and if the
present rate of production holds would produce something on the order
of 6.6 billion coins in the full calendar year, which would be nearly
double the 3.548 billion coins struck in calendar year 2009.

The economic recession clobbered demand for coins last year and this
year’s numbers indicate something of an economic rebound.

Cent output at almost 2.8 billion coins dominates this year’s coin
production total at almost 64 percent, another sign of returning
normality.

Quarter output remains below historic norms and the nickel total seems
to be catching up to it while the dime total far exceed it.

(see actual YTD numbers in link above)
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