US Mint Coin Production Figures Fall in February 2011

The United States Mint produced fewer coins in February 2011 than in January 2011, according to published coin production figures recently released.

While it minted no Presidential dollars or Kennedy half dollars during the month, it did strike cents, nickels, dimes and quarters in the amount of 523,140,000 in total.

In contrast, coin production in January 2011 was at 764,730,000.

As the above figures reflect, the Denver and Philadelphia Mints were most busy striking Lincoln cents. Their February total of 336 million represents 64.2% of all the coins produced for the month.

Native American $1 coins were produced for a second straight month. Their monthly production is not guaranteed. The US Mint must strike enough that they account for 20% of all dollar coins minted in a year. As such, their levels are bound to how many Presidential $1 coins are produced.

The pace in February 2011 was quicker than during the same period of a year ago, but then February 2010 was also the second slowest month of the year.

The US Mint coin production figures also revealed mintages for the Andrew Johnson Presidential $1 coins and the Gettysburg National Military Park Quarters. Their totals, shown below, were the lowest in either series to date.

The Gettysburg Quarter mintages do have a chance to increase since the US Mint has a bulk purchase policy in place that enables businesses to order quarters that the Mint has stopped producing.

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US Mint Gold and Silver Eagle Bullion Coin Sales in February 2011

The pace of US Mint bullion coin sales slowed in February 2011 against January, but authorized dealers ordered more Silver Eagles and more Gold Eagles when compared to the same time last year.

As is always the case, American Silver Eagle bullion coins claimed the lead. Coming off a January when more of the coins were sold during a month than ever before at 6.422 million, February 2011 Silver Eagle coin sales registered a total of 3.24 million.

That was enough to easily make it the best ever February for the .999 fine silver series that was first introduced in 1986. The second top February is now from 2009 when the US Mint sold 2.125 million of the coins.

Last month versus all other past months also compared well, ranking as the seventh best of all-time. Year-to-date sales for the Silver Eagle bullion coin stands at 9,662,00, which is the best two-month start for the series.

Sales of American Gold Eagle bullion coins finished at 92,500 ounces last month, which was down from the 133,500 ounces the US Mint sold during the previous month. However, the sales pace handily eclipsed the 84,000 ounces sold during the same time last year. Compared against prior February's, last month ranked fourth overall.

The fractional one-tenth ounce, one-half ounce and one-quarter ounce Gold Eagles broke out during the month, posting their best numbers since the 2010's were issued in June. From smallest to largest, the total ounces sold were 6,000, 4,000 and 10,000. Gold Eagle year-to-date sales are at 232,000 ounces.

For reference, last month and year-to-date bullion coin sales figures follow:

America the Beautiful Silver 5 oz

The numbers above for the gold coins are in ounces, not the number of coins sold.

As the table indicates, the US Mint is yet to offer the 2011-dated Gold Buffalo and five-ounce 2011 America the Beautiful Silver Coins.

The five ouncers are three inches in diameter, include five ounces of .999 fine silver, and share the same designs as the circulating America the Beautiful Quarters®. This year's America the Beautiful Silver Coins honor Gettysburg National Military Park in Pennsylvania, Glacier National Park in Montana, Olympic National Park in Washington, Vicksburg National Military Park in Mississippi, and Chickasaw National Recreation Area in Oklahoma.

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US Mint Gold and Silver Eagle Bullion Coin Sales in February 2011

The pace of US Mint bullion coin sales slowed in February 2011 against January, but authorized dealers ordered more Silver Eagles and more Gold Eagles when compared to the same time last year.

As is always the case, American Silver Eagle bullion coins claimed the lead. Coming off a January when more of the coins were sold during a month than ever before at 6.422 million, February 2011 Silver Eagle coin sales registered a total of 3.24 million.

That was enough to easily make it the best ever February for the .999 fine silver series that was first introduced in 1986. The second top February is now from 2009 when the US Mint sold 2.125 million of the coins.

Last month versus all other past months also compared well, ranking as the seventh best of all-time. Year-to-date sales for the Silver Eagle bullion coin stands at 9,662,00, which is the best two-month start for the series.

Sales of American Gold Eagle bullion coins finished at 92,500 ounces last month, which was down from the 133,500 ounces the US Mint sold during the previous month. However, the sales pace handily eclipsed the 84,000 ounces sold during the same time last year. Compared against prior February's, last month ranked fourth overall.

The fractional one-tenth ounce, one-half ounce and one-quarter ounce Gold Eagles broke out during the month, posting their best numbers since the 2010's were issued in June. From smallest to largest, the total ounces sold were 6,000, 4,000 and 10,000. Gold Eagle year-to-date sales are at 232,000 ounces.

For reference, last month and year-to-date bullion coin sales figures follow:

America the Beautiful Silver 5 oz

The numbers above for the gold coins are in ounces, not the number of coins sold.

As the table indicates, the US Mint is yet to offer the 2011-dated Gold Buffalo and five-ounce 2011 America the Beautiful Silver Coins.

The five ouncers are three inches in diameter, include five ounces of .999 fine silver, and share the same designs as the circulating America the Beautiful Quarters®. This year's America the Beautiful Silver Coins honor Gettysburg National Military Park in Pennsylvania, Glacier National Park in Montana, Olympic National Park in Washington, Vicksburg National Military Park in Mississippi, and Chickasaw National Recreation Area in Oklahoma.

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Uncirculated 2011 Mint Set Available February 8

Sales of the United States Mint Uncirculated 2011 Mint Set will begin on February 8 at noon Eastern Time (ET).

US Mint images of Silver Proof Set, 2011 Mint Set, and Proof Set

This year's set contains two folders of 14 coins each-one each from the United States Mint facilities at Denver and Philadelphia-for a total of 28 coins.

Each includes uncirculated versions of the following 2011 coins:

Five coins from the America the Beautiful Quarters®  Program, honoring Gettysburg National Military Park (Pennsylvania), Glacier National Park (Montana), Olympic National Park (Washington), Vicksburg National Military Park (Mississippi) and Chickasaw National Recreation Area (Oklahoma)Four Presidential $1 Coins, honoring Presidents Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes and James GarfieldOne Native American $1 Coin with a reverse design emblematic of the peace alliance created by the 1621 Wampanoag TreatyOne Lincoln one-cent coinOne Jefferson 5-cent coinOne Roosevelt dime coinOne Kennedy half-dollar coin

United States Mint uncirculated coins are struck on special presses using greater force than circulating coins, producing a sharp, intricately detailed image, and feature a brilliant finish.

The 2011 United States Mint Uncirculated Coin Set is priced at $31.95.  Orders will be accepted at http://www.usmint.gov/catalog or at 1-800-USA-MINT (872-6468).  Hearing- and speech-impaired customers may order by calling 1-888-321-MINT (6468).  All domestic orders will be assessed a shipping and handling fee of $4.95.

Customers may also order the 2012 United States Mint Uncirculated Coin Set and all future sets through the agency's Online Subscription Program.  For more information about this convenient ordering method, visit http://www.usmint.gov/catalog.

Note:  To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time of February 8, 2011, at noon ET shall not be deemed accepted by the United States Mint and will not be honored.  For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175.

The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

[Coin Collecting News editor: For more information on the 2011 Mint Set, also check out this site's page: 2011 Mint Set.]

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