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Board of Governors of the Federal Reserve System
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Current FAQs
Informing the public about the Federal Reserve

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 2016 currency budget is $737.4 million and reflects the following costs per denomination:

Denomination Cost of Production
$1 and $2 5.5 cents per note
$5 10.9 cents per note
$10 9.9 cents per note
$20 and $50 10.6 cents per note
$100 14.3 cents per note

Further details about the production costs for Federal Reserve notes are presented in the 2016 Currency Budget.

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.

Related Information

Last update: January 4, 2016