The United States Mint has released its Circulating Coin Production Report for March 2024. The report shows that the United States Mint produced just 332.7 million coins in March, its lowest monthly production since December 2023, and the lowest total for March in six years. Indeed, three of the six coins that the Mint normally produces for circulation had no production in March 2024.
The Lincoln Cent saw total production of 189.2 million Cents in March, down from the 408.4 million in February. Of that production total, 124 million were minted in Denver, and the remaining 65.2 million were minted in Philadelphia. For the year, the Mint just produced just over 1 billion Lincoln Cents, 1.0104 billion to be exact.
In March, there was no reported production of the Jefferson Nickel or the Roosevelt Dime across either Mint facility. The same was also true for the Native American Dollar.
The Washington Quarter’s reported production in March was 141.6 million Quarters. Production was nearly even across the Denver Mint (75.4 million) and the Philadelphia Mint (66.2 million). For 2024, the Mint has now minted 453.6 million Quarters. The Mint’s circulation production report does not break down the type of Quarters it produced, as there will be five different designs as part of the American Womens Quarter Program.
Finally, the Kennedy Half Dollar saw modest production of 1.9 million Half Dollar coins, all of which were minted in Denver.
For the year, the Mint has now produced 1.73354 billion coins for circulation. When compared to production through March 2023, production is down by just over 50%. While production has been low so far in 2024, the United States has little chance of running out of available coinage. Currently, the Federal Reserve, the central bank of the United States, has an estimated reserve of $47.2 billion coins available for circulation.
The United States Mint production report is updated monthly and is available to the public at this link on the Mint’s site.