US MINT: coin production for January 2009:
These are the numbers for January. No subtracting of the previous month is necessary this time.
1 cent = 294.0 M
5 cents = 14.16 M
10 cents = 52.50 M
25 cents = 71.80 M
50 cents = 3.40 M
1 dollar = 77.56 M (7.98 M Sacagawea dollars + 69.58 M presidential dollars)
AVERAGE VALUE per COIN = $0.207
Fewest nickels since December 2007.
Fewest quarters since my records begin in June 2006.
The first striking of half dollars since January 2008, and probably the only striking of halves for the year. The mintages are identical to those from last year.
Highest quantity of dollars struck since January 2008.
January is generally a ramping up time for the Mint, when they get back into full production from the usual December respite. It makes the YoY data screwy, but overall this January was down 37% from January 2008.
Monday, February 9, 2009
BEP: December 2008
BEP, bill production for December 2008:
$1 = 134.4 M
$5 = 32.0 M
$10 = 64.0 M
$20 = 51.2 M
$50 = 48.0 M
$100 = 183.68 M
AVERAGE VALUE per BILL = $44.28
Fewest $1 bills since my records begin in October 2002.
Fewest $5 bills since September 2007.
First batch of $50 bills printed since March 2007.
Most $100 bills printed since March 2003.
Very high average value per bill since $50s and $100s are up and $1s and $5s are down. The demand for small bills has diminished while the value for larger bills has increased. Are people parking their credit cards and using cash for purhases more often these days, drawing more large bills out of their bank accounts? I'd say no. If the large bills were in demand for spending, then we'd also see a rise in small bills needed for making change. That's not the case, so these big bills aren't being spent. The opposite could be happening... people are holding on to big bills, socking them away somewhere. And if they're not spending cash, they don't need cash in change, which explains the fall in small bill demand.
$1 = 134.4 M
$5 = 32.0 M
$10 = 64.0 M
$20 = 51.2 M
$50 = 48.0 M
$100 = 183.68 M
AVERAGE VALUE per BILL = $44.28
Fewest $1 bills since my records begin in October 2002.
Fewest $5 bills since September 2007.
First batch of $50 bills printed since March 2007.
Most $100 bills printed since March 2003.
Very high average value per bill since $50s and $100s are up and $1s and $5s are down. The demand for small bills has diminished while the value for larger bills has increased. Are people parking their credit cards and using cash for purhases more often these days, drawing more large bills out of their bank accounts? I'd say no. If the large bills were in demand for spending, then we'd also see a rise in small bills needed for making change. That's not the case, so these big bills aren't being spent. The opposite could be happening... people are holding on to big bills, socking them away somewhere. And if they're not spending cash, they don't need cash in change, which explains the fall in small bill demand.
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