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Coin output jumps

More than 10 billion coins have been struck for circulation this year by the U.S. Mint through the month of July.


Output in July was the highest of calendar year 2016, pushed up by production increases across the board for cents through quarters.

There were no half dollars nor dollar coins struck during the month.

Dime production went up by 55 percent from the prior month, notching a total of 398 million pieces.

Cent numbers advanced by 46.4 million pieces, but in percentage terms that was just a 5.3 percent increase. The July total was 928 million cents.

Monthly quarter output rose by 27.4 million pieces compared to June to reach 340.8 million in July. That is an 8.7 percent increase.

For nickels, the Mint turned out 10.32 million more coins in July compared to June. This is a 7.9 percent increase.

Overall, the number of coins produced in July was 21.6 percent higher than in June.

If the pace of coin production set in the first seven months continues for the rest of the year, total output would reach 17.44 billion coins.


This article was originally printed in Numismatic News Express.
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