Demand for US Circulating Coins Falls in 2023

In its recently published Annual Report for the 2023 fiscal year, the United States Mint reported a 12.1% fall in revenue to $4.68 billion. In volume terms, the Mint shipped 10.5 billion circulation coins to the Federal Reserve Bank compared with 12.1 billion in 2022, a decrease of 1.6 billion coins (-13.2%).