This year the United States Mint will produce circulating-quality coins with 33 different combinations of designs and mint marks. In an unusual twist, fewer than half of these coins will actually be released into circulation. This situation arises due to separate sets of circumstances across various coin series.
The Kennedy Half Dollar has not been produced for circulation for more than a decade. Over time, the use of the denomination within commerce had declined and mintages dwindled. Starting in 2002, the US Mint stopped producing the coins for circulation, however they continued to produce a limited number of coins to fulfill demand from collectors. This year’s circulating quality 2012 P&D Kennedy Half Dollars are sold by the US Mint in two roll sets or 200-coin bags, priced at a premium to face value.
Late last year, the Treasury Department announced the suspension of production of Presidential Dollars for circulation. Since the program began in 2007, a stockpile of more than 1.4 billion coins had accumulated at Federal Reserve Banks. As a cost savings measure, further production for circulation would be suspended, although the US Mint would continue to produce the coins necessary to meet demand from collectors.
The four different 2012 Presidential Dollars struck at both the Philadelphia and Denver Mint are sold by the Mint in rolls, 100-coin bags, 250-coin boxes, 500-coin boxes, and a four coin set scheduled to be released tomorrow. Each of these products are priced at a premium to face value.
A separate program for the same denomination known as the Native American Dollars are produced with a different reverse design each year. By law, these coins are required to represent at least 20% of all $1 coin production for each year. During the high production years of the Presidential Dollars Program, this drove up production of Native American Dollars. With the suspension of the former program, production of Native American Dollars has fallen significantly. So far, it seems that 2012 dated coins will not be released into circulation, but will only be available through a similar slate of numismatic products, priced at a premium to face value.
In the most recent development, the US Mint has produced 2012 America the Beautiful Quarters across five designs in circulating quality with the “S” mint mark. These coins were created in order to make a new numismatic product carrying the “S” mint mark. Accordingly, these coins will not be released for circulation, but only sold in rolls and 100-coin bags.
The United States Mint’s 2012 coins that are actually released for circulation include only the cent, nickel, dime, and five different quarter designs struck at the Philadelphia and Denver Mints.
|Circulating Quality Coins Released for Circulation|
|2012 Lincoln Cent||Yes||Yes||N/A|
|2012 Jefferson Nickel||Yes||Yes||N/A|
|2012 Roosevelt Dime||Yes||Yes||N/A|
|2012 El Yuqnue Quarter||Yes||Yes||No|
|2012 Chaco Culture Quarter||Yes||Yes||No|
|2012 Acadia Quarter||Yes||Yes||No|
|2012 Hawaii Volcanoes Quarter||Yes||Yes||No|
|2012 Denali Quarter||Yes||Yes||No|
|2012 Kennedy Half Dollar||No||No||N/A|
|2012 Chester Arthur Dollar||No||No||N/A|
|2012 Grover Cleveland (1) Dollar||No||No||N/A|
|2012 Benjamin Harrison Dollar||No||No||N/A|
|2012 Grover Cleveland (2) Dollar||No||No||N/A|
|2012 Native American Dollar||No||No||N/A|
Overall, this makes for 16 circulating quality coins released for circulation, compared to 17 circulating quality coins not released for circulation.