U.S. Coin Production Reaches 670.42 Million in March 2025

The United States Mint produced just over 1.88 billion coins for circulation in the first three months of this year, reflecting an uptick from last year’s first-quarter pace, which marked the slowest start since 2010.

In March, U.S. coin production rose to a five-month high, marking the second-highest monthly total over the past year, according to newly released U.S. Mint manufacturing data. Still, output remained below the 1-billion mark for a 19th consecutive month – a sharp contrast to earlier periods when surpassing that level was almost routine, including a stretch of eight straight months above it just before the current trend began.

The U.S. Mint struck 670.42 million coins for circulation in March, including cents, nickels, dimes, quarters, and half dollars, reflecting a 15.3% increase from February and just over twice the amount produced in March 2024 (up 101.5%).

Here’s how March’s production compares to previous months over the past year:

March 2024 to March 2025 Circulating Coin Production

The U.S. Mint’s primary mission is to manufacture coins in response to public demand. It produces, sells, and delivers circulating coins to Federal Reserve Banks and their coin terminals, ensuring commercial banks and other financial institutions have the necessary supply.

Despite costing the Mint 3.69 cents to produce and distribute each penny, the Federal Reserve consistently orders more of them than any other denomination. In March, the Mint struck 328 million Lincoln cents, accounting for 48.9% of all circulating-quality coins produced for the month.

The future of the penny, however, is increasingly uncertain. On Feb. 9, President Trump ordered an end to its production, calling the move a step toward reducing “wasteful” government spending.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump said in a Truth Social post. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” Trump wrote.

In the first quarter, the Mint produced 923.4 million Lincoln cents, down from more than 1.01 billion in the same period of 2024.

Month-Over-Month

In month-over-month comparisons for coins commonly used by Americans, March production saw:

• 7.1% fewer Lincoln cents,
• 1% more Jefferson nickels,
• 16.3% fewer Roosevelt dimes, and
• 371.5% more quarters.

Mintages of Native American Dollars and Kennedy Halves

The U.S. Mint also produces other coins in circulating quality, including half dollars and dollars. While Native American $1 coins are no longer ordered by the Federal Reserve, they continue to be minted in circulating quality for collectors. The same applied to Kennedy half dollars until recent years – specifically in 2021, 2022, 2023, and 2024 – when they were released into circulation.

In many years, the U.S. Mint strikes both denominations in January to meet the expected demand for the entire year. However, that has not been the case for Kennedy half dollars over the past four years, as the Federal Reserve unexpectedly ordered millions more for circulation – approximately 12 million in 2021, 7 million in 2022, 18 million in 2023, and 52 million in 2024 (fiscal, not calendar years).

It remains unclear whether any 2025 Kennedy half dollars will be released into general circulation. As of January, production figures showed 3.6 million struck at the Denver Mint and 5.8 million at the Philadelphia Mint, for a total of 9.4 million coins. February data added 2 million more from Denver, while March figures reflected another 2.4 million from Philadelphia. The new year-to-date total stands at 13.8 million coins, split between 5.6 million from Denver and 8.2 million from Philadelphia. By comparison, 2024 production reached 21.9 million from Denver and 15.7 million from Philadelphia, for a combined 37.6 million coins.

Mintage levels for 2025 Native American dollars were initially expected to remain mostly unchanged after January, when 1.12 million were struck in Denver and 1.26 million in Philadelphia, for a combined total of 2.38 million coins – slightly above the 2024 total of 2.24 million, which had equal splits of 1.12 million from each facility. However, February data showed an increase to 3.08 million coins following the addition of 700,000 more from the Philadelphia Mint. March figures revealed another 700,000 struck at each facility, bringing the cumulative total to 4.48 million.

Mintage levels for 2025 Native American dollars were initially expected to remain unchanged after January, when 1.12 million were struck in Denver and 1.26 million in Philadelphia, for a combined total of 2.38 million coins, a bit more than their 2025 million total of 2.24 million with equal splits of 1.12 million between plants. However, February data showed an increase to 3.08 million coins following the addition of 700,000 more from the Philadelphia Mint. March figures revealed another 700,000 struck at each facility, bringing the cumulative totals to 4.48 million, with new splits of 1.82 million from Denver and 2.66 million from Philadelphia.

On Jan. 28, the U.S. Mint began selling rolls, bags, and boxes of 2025 Native American dollars. Collectors can expect rolls and bags of circulating 2025 Kennedy half dollars to become available on May 6.

The following table details 2025 circulating coin mintages in March by production facility, denomination, and design.

U.S. Mint Circulating Coin Production in March 2025

In total March production, the Denver Mint struck 368.72 million coins, while the Philadelphia Mint produced 301.7 million, bringing the combined output to 670.42 million coins.

First Quarter 2025

During the first quarter of this year, the Denver Mint has struck 920.58 million coins, and the Philadelphia Mint has made 965.01 million coins, bringing the total to 1,885,590,000 coins. This is 8.8% more than the 1,733,540,000 coins manufactured during the first first quarter of 2024, which marked the lowest quarterly level since the first quarter of 2010.

This next table lists coin production totals by denomination and by U.S. Mint facility:

YTD 2025 Circulating Coin Production by Denomination

If the current production pace continues through December, the 2025 annual mintage would top 7.5 billion coins. For comparison, the U.S. Mint produced just over 5.6 billion coins for circulation in 2024, marking the lowest output since 2009.

Lastly, Mint data shows that 166.2 million quarters were struck in March, with 2.2 million more featuring Ida B. Wells and 164 million more honoring Juliette Gordon Low. The Wells and Low quarters are the 16th and 17th releases in the Mint’s 20-coin American Women Quarters™ series.

After factoring in March’s figures, quarters honoring Wells now total 99.5 million from Denver and 106.35 million from Philadelphia, for a combined 205.85 million. Quarters honoring Low stand at 86.2 million from Denver and 82.2 million from Philadelphia, totaling 168.4 million. The Mint began selling Ida B. Wells quarters in early February, with Juliette Gordon Low quarters released in late March. This year’s third of five designs, celebrating Dr. Vera Rubin, is scheduled for release this summer.