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U.S. Mint revenues increase

Revenues are up at the U.S. Mint and the Mint
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Revenues are up at the U.S. Mint and the Mint?s safety record continues to improve.

Those are the findings of the Mint?s report to Congress on the second quarter for Fiscal Year 2006, which runs from Jan. 1 through March 31.

Compared to the second quarter of 2005, revenues for the second quarter of 2006 are 18 percent higher. As far as the total year-to-date numbers go, 2006 revenues are up 28 percent over the same period in 2005.

Also, the second quarter of 2006 experienced a 29 percent rise in revenues over the first quarter.

Year-to-date numismatic revenues totaled $152 million in the second quarter, a drop of 12.6 percent from the second quarter of Fiscal Year 2005. However, bullion revenues in the same period rose by 39 percent, hitting $236 million.

In the second quarter, numismatic revenues were $76 million, a 24-percent decline. The drop was due in part to December 2005 sellouts of sets like the 50 State Quarters Proof set, the Uncirculated set and the Proof and Silver Proof sets.

Bullion totals reached $169 million in the second quarter, showing a 33-percent increase.

A number of numismatic initiatives were launched in the second quarter of 2006, including the Nevada quarter, the ?Return to Monticello? nickel, and the Benjamin Franklin Commemorative Coin Program.

Also, approved designs for a new 24-karat gold bullion coin were released during the second quarter.

Worker safety has also improved, with the U.S. Mint at Denver recording one million hours without a lost-time accident ? almost two without a day lost to injury.

The Mint?s current fiscal year runs Oct. 1, 2005, to Sept. 30, 2006.