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Half dollars grab the spotlight

Half dollars were the stars of October monthly coin production at the U.S. Mint.

Denver cranked out another 1.1 million of them.

Collectors must be eating them up this year. The Mint sells them by the roll and bag.

Does this mean Philadelphia will be putting them back on the press in November? Let’s wait and see.

October is the first month of the fiscal year for the Mint and other government agencies.

Collectors don’t really care, as the date on the coins remains the same.

Overall, October output jumped by a little over 8 percent.

This is nothing to write home about, but the direction is important for an economy that was growing at a 3.3 percent annual pace in the third calendar quarter.

In the first 10 months of the year, cents comprised 58.5 percent of all coins struck for circulation.

Dimes are a distant second at 18.5 percent.

Roughly 12.75 billion coins have been struck in 2017. Remember that in the year 2000, the Mint struck 25 billion coins.

The Mint’s productive capacity is definitely not being challenged by today’s coin demand.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

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