Coin Production | U.S. Mint (2024)

The U.S. Mint makes the nation’s circulating coins, as well as bullion and numismatic (collector) coins. The Mint’s four production facilities in Philadelphia, Denver, San Francisco, and West Point use a variety of machines and processes. Explore the steps of how the Mint makes coins.

To review coin terminology and different coin finishes, such as proof and uncirculated, read Anatomy of a Coin.

Once the Secretary of the Treasury approves a design, Mint medallic artists transform a line drawing into a three-dimensional sculpt. After the sculpt is finalized and digitized, the Mint makes coin dies that stamp the design onto the coins.

Step One: Blanking

Blanks are flat metal discs that will eventually become coins. The Mint makes blanks for:

  • Nickels
  • Dimes
  • Quarters
  • Half dollars
  • Dollars

For pennies, numismatic coins, and bullion coins, the Mint buys blanks.

To make blanks, the Mint buys coils of metal 1,500 feet long made to the correct specifications of each denomination. The coil is first fed through a machine that straightens the metal and then into a blanking press. The blanking press punches out the blanks like a cookie cutter at a rate of 14,000 blanks per minute. They have a slightly different diameter, but the same thickness, as a finished coin.

The blanks are transported to the annealing furnace for the next stage of the process. The scrap metal from the coil, called webbing, is shredded and recycled.

This page contains the following video: https://www.youtube.com/embed/FnRboZn7Zvg

Step Two: Annealing

Blanks are annealed to prepare them for striking. Annealing changes the physical properties of the metal to make it softer and allow it to be shaped without breaking. The annealed blanks will hold the design better during striking.

The annealing furnace heats the blanks to temperatures up to 1,600 degrees Fahrenheit in an oxygen-free environment. The lack of oxygen prevents tarnishing. They are then dropped into a quench tank filled with “slippery” water to quickly lower the temperature. The slippery water is a mix of water, citric acid powder, and lubricants that keep the blanks from sticking together.

Next, a machine lifts the blanks out of the quench tank to drain. The Philadelphia Mint uses a cylindrical machine called a whirlaway that slowly turns as it lifts the blanks from the water. The Denver Mint uses a large scoop called a skip basket. The blanks travel from the quench tank to the washing area.

This page contains the following video: https://www.youtube.com/embed/FnRboZn7Zvg

Step Three: Washing & Drying

The blanks are washed to restore their original color. The cleaning solution is a mix of cleaning and anti-tarnish agents.

The dryer steam dries the cleaned blanks before they move to the upsetting mill.

Step Four: Upsetting

Upsetting means to “upset” the edge of a coin to create a raised rim. The upsetting mill feeds the blanks into a groove slightly narrower than its diameter. This pushes the metal up around the edge to form a rim. The rim protects the final coin from wear and makes it stackable.

A blank with a rim is called a planchet. Some people continue to use ‘blank’ as a general term for a coin before it’s struck.

Most of the blanks that the Mint buys are planchets ready for striking. When the Mint receives a shipment of planchets, inspectors check them carefully to ensure they meet the required specifications. After that, penny planchets go directly to the presses for striking.

Special proof and uncirculated planchets go through a cleaning process called burnishing. They are placed in a drum with cleaning agents and small metal pellets to smooth and polish the surface. An employee then rinses the planchets and hand-dries them with towels.

This page contains the following video: https://www.youtube.com/embed/FnRboZn7Zvg

Step Five: Striking

The planchets travel to the coin presses for striking the design. The Mint has several different kinds of presses, but they all work the same way. The press forces the obverse and reverse dies together against the planchet to strike both sides of the coin at once. Circulating coin presses use from 35 to 100 metric tons of pressure to strike the coins, depending on the denomination. Other presses strike with up to 540 tons of force, the pressure used to create the America the Beautiful Five Ounce Silver Coins.

When the dies come together, the planchet metal flows into the shape of the design. A collar placed around the planchet prevents the metal from expanding too much. It also forms the edge design, whether smooth, reeded, or lettered. Dollars receive a smooth edge from the collar, but then go through an additional machine that rolls the lettering onto the edge. Once the planchet receives the design, it becomes a coin.

A circulating coin press strikes 750 coins per minute. The Philadelphia Mint produces 47,250 coins per minute if all of its 63 presses are operational. The Denver Mint makes 40,500 coins per minute with its 54 coin presses. That results in millions of circulating coins each day.

Coins are struck differently depending on their finish. Circulating, uncirculated, and bullion coins are struck once. Proof coins are struck at least twice. The circulating coin presses strike coins faster than the presses used for uncirculated, proof, and bullion coins.

Once the press strikes the coins, they drop into either a bin or a tray. An inspector examines samples for errors. If they pass inspection, they move to packaging. If circulating coins don’t meet certain standards, the batch goes to a machine called a waffler. The waffler bends the coins to form wavy lines before they’re sent for recycling.

Step Six: Bagging & Packaging

After they pass inspection, circulating coins are counted and weighed. The coins fall through a counting machine before they are dumped into bulk storage bags. All the bags are weighed and then stored until they travel to Federal Reserve Banks for distribution around the country.

Robots and automated machines package numismatic coins into blister packs, lenses, and other packaging for sale to the public. The Philadelphia and Denver Mint facilities also package some coins by hand. Bullion coins are packaged in 500-coin monster boxes to ship to authorized dealers.

This page contains the following video: https://www.youtube.com/embed/FnRboZn7Zvg

Coin Production | U.S. Mint (2024)

FAQs

Are the U.S. mints making coins? ›

The U.S. Mint makes the nation's circulating coins, as well as bullion and numismatic (collector) coins.

Is it worth collecting U.S. Mint coins? ›

Collectors and investors often consider US Mint coins a valuable addition to their portfolios. These pieces hold historical significance, potentially increase in value over time, and offer diversification.

How much does it currently cost the U.S. Mint to produce a penny? ›

On top of that, producing these coins costs the U.S. Mint a pretty penny. The mint's 2022 annual report revealed that it costs 2.72 cents to make 1 penny and 10.41 cents to make a nickel. In comparison, coins like dimes, quarters and the half-dollar cost less to produce and distribute than their face value.

How many coins has the mint produced? ›

The first big job of the Mint was to produce new coins for the introduction of decimal currency on 14 February 1966. Since then, it has produced more than fifteen billion circulating coins. It is now able to produce an amazing two million coins per day!

Are pennies going away in 2024? ›

The U.S. Mint has no plans to discontinue the penny, and such a move would require congressional approval.

Is the U.S. discontinuing coins? ›

While there is no longer a nationwide coin shortage, there are still many issues with money circulation for businesses. Many companies can find solutions to these issues by utilizing cash management services, such as ICL's cash capture technology.

Does the mint destroy old coins? ›

When coins reach the end of their life, the Federal Reserve removes them from circulation. Old coins are melted down and used for other things.

Can I buy coins directly from the US Mint? ›

The United States Mint does not sell its bullion coins directly to the public. Instead, we distribute the coins through a network of official distributors called “Authorized Purchasers” who, in turn, create a two-way market buying and selling to wholesalers, financial institutions, and other secondary retailers.

Should we keep pennies? ›

Those who favor keeping the penny believe the penny plays an important role in keeping down the costs of the goods and services we buy. If there were no pennies, stores and restaurants would round up to the nearest nickel. This means consumers would end up paying $0.55 for something that should cost only $0.51.

Is the U.S. Mint removing the penny? ›

The penny costs more to produce than the one cent it is worth, meaning the seigniorage is negative – the government loses money on every penny that is created. Several bills introduced in the U.S. Congress would have ceased production of pennies, but none have been approved.

Are pennies worth saving? ›

The Value of a Penny

While the humble penny might seem insignificant, it can occasionally be worth more than one cent. Whether it's a rare 1943 copper penny, a 1955 doubled-die cent, or a wide AM 1999 penny, these little copper-coated coins can sometimes fetch a surprising sum.

Which U.S. Mint produces the most coins? ›

Philadelphia Mint

Mint at Philadelphia makes circulating and collectible coins, medals, and dies for both coins and medals. It is the largest mint in the world!

What is the most valuable coin from the U.S. Mint? ›

When it comes to valuable coins, nothing compares to the 1933 Double Eagle. The Double Eagle, the last gold currency struck in the U.S., sold for a whopping $18.9 million in 2021. First minted in 1907, the coin features an image of Lady Liberty on its obverse and an eagle in flight on the reverse, Smithsonian reported.

What is the rarest mint mark on a coin? ›

The Rarest Mint Mark: 1870-CC

The 1870-CC mint mark is especially notable for several coins: 1870-CC Liberty Seated Dollar: This coin is one of the rarest, with only 11,758 pieces minted. In high grades, it can fetch upwards of several hundred thousand dollars.

Can I get coins from the U.S. Mint? ›

The U.S. Mint produces precious metal coins for collectors and investors in gold, silver, platinum, and palladium. Proof and uncirculated coins are collected for their limited mintage numbers, while bullion coins offer a way to invest in precious metals.

Is the U.S. Mint still making pennies? ›

One reason the Mint keeps making pennies, Whaples explained, is because so many pennies end up in jars on dressers and scattered on coffee tables. People don't use them, and the government wants hard currency to be circulated. “You want your money to make transactions more efficient.

Does the U.S. Mint still make dollar coins? ›

Half dollar and $1 coins are produced as collectibles. However, they may still be ordered by the Federal Reserve for circulation and used as legal tender.

Where are the 2 U.S. mints that make our currency today? ›

There are four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point.

Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 6112

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.