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How Many Coins Did the U.S. Mint Make in 2019?

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For the past 14 years in a row, it has cost the United States Mint more to produce one-cent and five-cent coins than their face values. According to the United States Mint 2019 Annual Report, the Mint spent 1.99 cents to produce each circulation-strike Lincoln Cent and 7.62 cents to churn out the business-strike Jefferson Nickel.

2019 Lincoln Cent
2019 Jefferson Nickel

Images courtesy of PCGS CoinFacts®. Click images to enlarge.

On the other hand, the Mint turned a profit on the 2019 dime and quarter. The Roosevelt Dime cost 3.73 cents to produce, translating to 6.27 cents less than the coin’s face value. This works out to about $138.8 million in seigniorage, or the net profit made from producing Roosevelt Dimes.

For the quarters, it cost the U.S. Mint 9.01 cents to produce each one. This gives the U.S. Mint a profit of 15.99 cents for every circulation-strike Washington Quarter struck. The total seigniorage for the quarters was $285.2 million.

2019 Roosevelt Dime
2019 Washington Quarter

Images courtesy of PCGS CoinFacts®. Click images to enlarge.

After business-strike coins are made at the U.S. Mint, they get sent to the Federal Reserve for distribution. Overall, in 2019 the U.S. Mint ended up producing a whopping 12.46 billion coins for circulation. This figure corresponds to the cumulative mintages for the one-cent, five-cent, 10-cent, and 25-cent coins. However, this lofty total is still about 1.22 billion fewer coins than made in 2018.

In all, the U.S. Mint made a total profit of about $318 million from striking 2019-dated circulation-strike coins. This is about 0.10% less than it made in seigniorage in 2018, mainly due to the lower number of coins produced in 2019 compared to 2018.

Washington Quarters (1932-1964) Roosevelt Dimes (1946-to Date) Jefferson Nickels (1938-to Date) Lincoln Cents (1909-to Date)

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