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2016 Coins In Circulation.

 
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Pillar of the Community
598 Posts
 Posted 01/01/2016  02:13 am Show Profile   Bookmark this topic Add ckrakowski to your friends list Get a Link to this Message
Now that it has hit 12:00 am meaning it is officially midnight I would like to start the thread where we report finding 2016 dated coins in circulation. as it is jan 1 2016 it is possible though unlikely that any will be gotten today.
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United States
73211 Posts
 Posted 01/03/2016  02:33 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I suppose that someone had to start the topic eventually.

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United States
5619 Posts
 Posted 01/03/2016  03:45 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
The Mint does not release coins of the current year until February, if I remember correctly.
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United States
3235 Posts
 Posted 01/03/2016  10:58 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Well... the mint doesn't release anything directly. The mint mints and issues coins to the FRBs.

The FRBs provide coins to "depository institutions"

http://www.federalreserve.gov/payme...in_about.htm


Quote:
As the nation's central bank, the Federal Reserve issues and processes Federal Reserve notes. The Federal Reserve also distributes coin through depository institutions. The thirty Federal Reserve Bank cash offices provide cash services to approximately 9,200 banks, savings and loans, and credit unions in the United States. The remaining depository institutions obtain currency and coin from correspondent banks rather than directly from the Federal Reserve.


and


Quote:
Coin
The Federal Reserve's role in coin operations is more limited than its role in currency operations. As the issuing authority for coins, the United States Mint determines annual coin production. The Reserve Banks, however, influence the process by providing the Mint with monthly coin orders and a 12-month rolling coin-order forecast. The Mint transports the coin from its production facilities for circulating coin in Philadelphia and Denver to all of the Reserve Banks and the Reserve Banks' coin terminal locations.

The Reserve Banks distribute new and circulated coin to depository institutions to meet the public's demand. While the Reserve Banks store some coin in their vaults, they also contract with coin terminals to store, process, and distribute coin on behalf of the Federal Reserve. Armored carrier companies generally operate the coin terminals; the coin terminals have improved the efficiency of the coin-distribution system.


So basically before you see it, it has to make it from the mint (in ballistic bags) to the coin terminals (oh, Loomis or somebody else), be wrapped and distributed to a bank or the local supermarket.

Usually takes a few weeks or more...
-----Burton
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Pillar of the Community
United States
600 Posts
 Posted 01/04/2016  12:41 pm  Show Profile   Bookmark this reply Add billymac11 to your friends list Get a Link to this Reply
hold your collective breaths.... ;-)
Valued Member
Panama
137 Posts
 Posted 01/04/2016  1:09 pm  Show Profile   Bookmark this reply Add mangemesjambes to your friends list Get a Link to this Reply
Seems like someone is already selling these 2016 coins...

281890300858
281890309339
281890276232
272082658869
272091996789
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Canada
525 Posts
 Posted 01/04/2016  1:14 pm  Show Profile   Bookmark this reply Add timnic44 to your friends list Get a Link to this Reply
Those are proof coins. Would they not be from sets and not intended for circulation?
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United States
9786 Posts
 Posted 01/04/2016  2:28 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Those are pre-release auctions and will ship after they are released by the mint in Jan. I bet they're planning on cracking open the Congratulations and Birthday sets.

10 people have already committed to $10 for the 2016-S cent. Quite the premium, considering you can buy the 5-coin set directly from the U.S. Mint for $20.

The quarters auction is actually fairly tempting... decent price for 6 quarters including shipping.
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United States
622 Posts
 Posted 01/04/2016  5:23 pm  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
I was going to say I saw a lot of presales for proofs. Somebody who is planning to buy whole rolls and then resells them coin by coin once they arrive.
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Panama
137 Posts
 Posted 01/10/2016  6:29 pm  Show Profile   Bookmark this reply Add mangemesjambes to your friends list Get a Link to this Reply
that would be an evil way to take advantage of people...
But I will probably not see any 2016 coins until June-August because I live in Panama and they only ship here coins with Panamanian design, we would need an American to come here and spend them, I didn't got to see a 2015 coin till december so I guess I would have to wait.
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United States
394 Posts
 Posted 01/10/2016  8:15 pm  Show Profile   Bookmark this reply Add LocalCoinGuy to your friends list Get a Link to this Reply
Picked up two sets of quarters, one for myself and a second for grandkid!
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United States
552 Posts
 Posted 01/21/2016  10:19 am  Show Profile   Bookmark this reply Add Atlas642 to your friends list Get a Link to this Reply
Numismatic News is reporting a gentleman receiving four 2016 Lincoln cents for change in Reading, Pennsylvania:

http://www.numismaticnews.net/buzz/...better-times

My family and I are keeping an eye out for 2016 coins. Have to keep those circulation folders current, after all!
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Panama
137 Posts
 Posted 01/21/2016  11:44 am  Show Profile   Bookmark this reply Add mangemesjambes to your friends list Get a Link to this Reply
YESS they are out!
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Canada
99 Posts
 Posted 01/22/2016  07:17 am  Show Profile   Bookmark this reply Add rusty_f to your friends list Get a Link to this Reply
Pillar of the Community
United States
758 Posts
 Posted 01/23/2016  9:09 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
Haven't seen any yet.

They're still loading their supply of 2015-D cents and dimes in my area. With quarters and nickels there's no telling what you could get in change.

If I recall correctly, I heard that back in the year 2000, the Mint was so good with its coin distribution that the first coins started turning up as soon as the millennium celebrations ended.
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United States
3306 Posts
 Posted 01/23/2016  9:32 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
'ello my lovelies!

Edited by KenKat
01/23/2016 9:35 pm
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