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Minting Of Coins

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United States
39 Posts
 Posted 05/06/2013  11:29 pm Show Profile   Bookmark this topic Add Josh1999 to your friends list Get a Link to this Message Number of Subscribers
I was just wondering if the U.S. Mint started making 2013 coins before the year 2013? Did they make 2013 coins at the end of 2012? Also, do they assemble proof sets in the year before they were released?
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SaintRidley's Avatar
United States
592 Posts
 Posted 05/06/2013  11:42 pm  Show Profile   Bookmark this reply Add SaintRidley to your friends list Get a Link to this Reply
I think law prevents them from striking coins for any calendar year that isn't the current one. Judging by when the Mint schedules the earliest releases of proof sets, production of proof coins begins early in the calendar year.
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basebal21's Avatar
13014 Posts
 Posted 05/07/2013  01:27 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Even if the law prevents if I suspect they do. The Silver quarters came out January 8th, including new years as a holiday that would have given them 4 business days of minting for that. While it may be possible I suspect they get a head start if theyve finished everything from the previous year
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Sap's Avatar
Australia
16826 Posts
 Posted 05/07/2013  03:22 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
I think law prevents them from striking coins for any calendar year that isn't the current one.

I believe the law in question is 31 USC § 5112. The end of section (d)(1) is the only generic reference to putting dates on coins...

Quote:
The coins have an inscription of the year of minting or issuance. However, to prevent or alleviate a shortage of a denomination, the Secretary may inscribe coins of the denomination with the year that was last inscribed on coins of the denomination.

That last sentence is there to allow for a situation as happened in 1965, when all those evil coin collectors threatened the integrity of the money supply by plotting to keep one of each date and mintmark of each denomination. This sentence allows them to "freeze" the date if they feel the need to.

More to the point of the question at hand is the first quoted sentence. Note the weasel-word ending: "year of minting or issuance". This allows the Mint to strike 2013-dated coins any time prior to 2013 actually beginning, so long as the coins aren't actually "issued" until 2013. They could strike 2014-dated coins right now, if they wanted to; so long as they aren't released until 2014, they're legal.

Different countries have different attitudes towards post-dating coins. The laws in France are pretty strict about the date on coins being the date it was actually struck, which is why you can find French euro coins dating to several years prior to the actual introduction of the euro. Here in Australia, on the other hand, they'll start making the 2014 mint and proof sets sometime around August 2013, so they can be ready for sale for Christmas.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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United States
39 Posts
 Posted 05/07/2013  6:29 pm  Show Profile   Bookmark this reply Add Josh1999 to your friends list Get a Link to this Reply
Thank you all for your answers.
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Conder101's Avatar
United States
17884 Posts
 Posted 05/08/2013  09:19 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The law Sap quoted is the correct one, but it didn't always say "or issuance". I do not know when that was added.
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jnorlund's Avatar
United States
47 Posts
 Posted 05/08/2013  10:27 am  Show Profile   Bookmark this reply Add jnorlund to your friends list Get a Link to this Reply
Does that go for all types though? My order of ATB Chaco 5 oz says 2012 on it and it was just placed a couple weeks ago....
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