New Year and New Coins for the US Mint

As 2023 begins, the US Mint has unveiled several coin designs and release schedules for the year and announced its final 2022 production figures. Both the Philadelphia and Denver Mints have now begun full-scale production of 2023 circulating coinage for eventual release into commerce.

Coin production slows

The pace of minting US coins for circulation slowed for a third year in a row, according to the final 2022 production figures from the Mint.

US minting facilities shipped just over 13.6 billion coins to Federal Reserve Banks for release during the calendar year, a drop of 6% from the nearly 14.5 billion coins struck in 2021 and 7.8% from the more than 14.7 billion coins made in 2020, when production ramped up again to alleviate coin circulation issues brought on by the pandemic.