How much does it cost to produce currency and coin?
Each year, the Federal Reserve Board projects the likely demand for new currency, and places an order with the Department of the Treasury's Bureau of Engraving and Printing, which produces U.S. currency and charges the Board for the cost of production. The 2021 currency operating budget is $1,095.8 million. The table below provides details on the printing costs of Federal Reserve notes for each denomination.
|$1 and $2||6.2 cents per note|
|$5||10.8 cents per note|
|$10||10.8 cents per note|
|$20||11.2 cents per note|
|$50||11.0 cents per note|
|$100||14.0 cents per note|
Further details about the production costs for Federal Reserve notes are presented in the 2021 Currency Budget (PDF).
Annual coin production is determined by the U.S. Mint. Reserve Banks influence this process by providing the Mint with monthly coin orders and a 12-month, rolling coin-order forecast. Reserve Banks purchase coin at face value from the Mint. Further details about coins can be found on the Mint's website.