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Why Did The SF Mint Stop Minting Circulating Coins?

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 Posted 07/21/2017  4:19 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
As a GUESS, the presses were old and the upgrade too expensive. Proof production is higher tonnage, but lower volume.
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 Posted 07/21/2017  8:03 pm  Show Profile   Bookmark this reply Add n9jig to your friends list
BStrauss3 hit it on the head. The SF Mint doesn't have the capacity to make a difference for circulation coins like Denver and Philly do. These days they handle things like Proofs to take the load off the main coin factories.
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 Posted 07/21/2017  10:49 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Well heck - I was right - and darn it, it's too late to buy the lottery.
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 Posted 07/22/2017  10:05 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Philadelphia and Denver were able to supply the countries coinage needs (same reason why San Francisco was shut down in 1955) especially once it took the proof coin production off of Philadelphia's hands. Of course in times of unusually high demand it has returned to striking circulation coins, but with no mintmarks. The S mintmark would just encourage hoarding defeating to purpose of adding the S mint back in the meet demand.
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 Posted 07/22/2017  3:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
The S mintmark would just encourage hoarding defeating to purpose of adding the S mint back in the meet demand.
This.
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 Posted 07/22/2017  10:14 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
Well... technically the S mint has been making business-strike coins for a few years now...
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 Posted 07/24/2017  12:15 am  Show Profile   Bookmark this reply Add jmkendall to your friends list
There were budget issues. In FY55 they shut down SF, as a mint, as well as the Seattle Assay Office. They saved over $400,000 a year by doing this. It doesn't sound like a lot now, but in those days it was a substancial savings.

What you have to remember is that the office of Mint director had become a political office, headed by someone with no mint expericance.
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 Posted 07/24/2017  12:26 am  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
jmkendall you used an oxymoron...politics/experience?
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 Posted 07/24/2017  09:38 am  Show Profile   Bookmark this reply Add jmkendall to your friends list
The Mint director used to be someone from the Mint. Someone who worked there and knew the inners workings. The Mint Directors report was full of minutea and interesting information.

During the Roosevelt Administration it became a full blown political office and the Mint directors report was much shorter and basically said "we make coins".
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 Posted 07/24/2017  09:51 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Well... technically the S mint has been making business-strike coins for a few years now.

But not for circulation. The last S mintmarked coin actually made for circulation was the 1980 S SBA.
Edited by Conder101
07/24/2017 09:52 am
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 Posted 07/24/2017  12:39 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:

Quote:
Well... technically the S mint has been making business-strike coins for a few years now...
But not for circulation. The last S mintmarked coin actually made for circulation was the 1980 S SBA.
Those crafty NIFC business strike ATB San Francisco minted quarters.
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 Posted 07/24/2017  6:26 pm  Show Profile   Bookmark this reply Add Sap to your friends list
I think a main reason why is simply lack of space at the old mint site for a modern minting facility. Look at the mintages for SF compared to the other mints: usually way, way smaller. At normal operating capacity, SF simply couldn't keep up.

The Mint is in the middle of the city and already takes up the entire block of land its sitting on. To make a worthwhile contribution to the national coinage, they'd need to seriously increase the size of the factory floor. The SF mint can't expand unless it goes underground (not sure how practical doing that would be there) or annexes nearby roads and buildings. This is downtown SF we're talking here; that wouldn't be cheap.

And the problem with San Francisco is, they can't buy cheap land on the outskirts of the city to build a new mint. They'd have to go so far out of town, they wouldn't technically be in San Francisco any more. Plus, people would perhaps question the wisdom of building important and expensive new federal government infrastructure so close to an earthquake zone, when putting it further away wouldn't make any real difference to the efficiency of the operation.
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 Posted 07/25/2017  08:52 am  Show Profile   Bookmark this reply Add mvl9591 to your friends list
If the U.S. Mint couldn't expand the San Francisco facility because of the expense, perhaps some other place would be cost effective. Carson City, Nevada comes to mind. (I dream about this.)
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 Posted 07/25/2017  2:35 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
The San Francisco mint does have room to expand, but they would lose their parking lot. They could expand and still incorporate a parking facility into the expansion. Their current building only covers a little over half of the block with the parking lot behind it.

The Old San Francisco Mint does take up it's entire block.

It's kind of hard to get information on the current mint. Every time you do a search about all you get is information on the old mint. Had some trouble finding out what it's actual address was.
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 Posted 07/25/2017  2:56 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list
Image courtesy of Google Maps: The parking lot is sizeable, but no one here like the idea of losing parking. The rail tracks to the south are part of MUNI (the tunnel goes downtown, to the northeast) so there is public transit immediately available. Getting people to use it (who already aren't) is no easy task.

That said, increasing the size of the facility (or re/opening another location) feels like a non-starter at the onset. It would cost way too much, especially with declining overall demand.

Why-Did-The-SF-Mint-Stop-Minting-Circulating-Coins?
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