Mint production drops in August
This article was originally printed in the latest issue of Numismatic News.
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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.
2011 North American Coins and Prices |
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.
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