![]() For example, in 2021, the Mint manufactured over 7.9 billion cents for 54.6% of all coins minted for circulation. While a lot, this is well lower than in past years. The over 6.3 billion cents struck last year represents 46.7% of the combined production total for 2022. Mint than any other denomination even as data shows that it costs 2.1 cents to make and distribute each one. Of note, the Federal Reserve orders more 1-cent coins from the U.S. In 2022, the Philadelphia Mint produced 6,730,500,000 coins while the Denver Mint made 6,889,880,000 coins. Minting facilities in Philadelphia and Denver are tasked with manufacturing all U.S. Mint’s main mission is to manufacture coins based on the nation’s demand and then transport them to Federal Reserve Banks and their coin terminals for distribution into circulation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |