The volume of United States Mint circulating coin shipments to Federal Reserve Banks rose for the fourth consecutive year. During the fiscal year ended September 30, 2013, total shipments reached nearly 10.7 billion coins representing an increase of 17.8% compared to the prior year. The shipments had a total value of $578.0 million and generated […]
United States Mint 2013 Financial Results
For the fiscal year ended September 30, 2013, the United States Mint generated revenue of $4.34 billion, yielding seigniorage and net income of $292.5 million. The results represent an increase in revenue of 26.2% and increase in seigniorage and net income of 40.5% compared to the prior fiscal year. The United States Mint is the […]
US Mint Cost To Make Penny and Nickel Declines in FY 2013
The cost for the United States Mint to manufacture and distribute the cent and nickel fell for the second consecutive year. Nonetheless, costs remained well above the respective face values of the two smallest circulating denominations. For the fiscal year ending September 30, 2013, the unit cost for the Mint to produce and distribute the […]
Royal Canadian Mint Revenue Surges in Second Quarter
The Royal Canadian Mint reported a surge in revenue and profitability for the second quarter of 2013. Revenue increased by 93.8% to $1.05 billion, while profit increased 93.0% to 11.0 million. This represented the first time in the Mint’s history that quarterly revenue exceeded $1 billion. The strong results were driven by a sharp increase […]
Royal Canadian Mint Achieves Record Numismatic Revenue
The Royal Canadian Mint recorded revenue of $2.6 billion and pre-tax profits of $40.7 million for 2012. Both figures represented declines from the prior year, when revenue was $3.2 billion and pre-tax profits were $43.8 million. The highlight for 2012 was the numismatic segment which saw revenue surge by 56% to a record $145.1 million. […]
US Mint FY 2012 Numismatic Revenue Falls on Lower Gold and Platinum Sales
The United States Mint reported lower revenue and net income for the numismatic program for the fiscal year ended September 30, 2012. Overall revenue fell by 33.3% to $481.2 million, while net income and seigniorage fell by 34.7% to $73.9 million. This article continues coverage of the United States Mint’s 2012 financial results. The numismatic […]
US Mint Bullion Revenue Falls 29%, American Silver Eagle Generates Loss of $4.4 Million
Following four consecutive years of record breaking results, United States Mint bullion program revenue and net income declined for the fiscal year ended September 30, 2012. Bullion coin revenue was $2.46 billion compared to $3.47 billion in the prior year, representing a decline of 29.11%. Net income for the segment was $28.4 million compared to […]
Penny Accounts for 64.2% of US Mint Circulating Coin Shipments in 2012
For the third consecutive year, the unit volume of United States Mint circulating coin shipments to Federal Reserve Banks rose, however a shift in denominations resulted in a decline in the value of these shipments. For FY 2012, the US Mint shipped 9.08 billion coins representing an increase of 22.8% compared to the prior year. […]
United States Mint 2012 Financial Results
During the fiscal year ended September 30, 2012, the United States Mint generated revenue of $3.44 billion, yielding seigniorage and net income of $108.2 million. These results represent a decline in revenue of 30.88% and decline in seigniorage and net income of 60.55% compared to the prior year. The United States Mint is the world’s […]
Cost to Make Penny and Nickel Declines But Still Double Face Value
The cost for the United States Mint to produce and distribute the cent the the nickel fell for the 2012 fiscal year, mostly as the result of lower metal costs. Despite the decline, costs were still about double the respective face values of the two lowest circulating denominations. For the fiscal year ending September 30, […]
