A sintered bearing is produced by a production method comprising: compacting a metallic raw material powder into a bearing green compact; sintering the green compact into a sintered compact; forming a resin coating 20 over the entire surface of the sintered compact; removing the resin coating 20 on a bearing surface 14a of the sintered compact; and impregnating a lubricating fluid L through the bearing surface 14a from which the resin coating 20 is removed.