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Complex Question About Statehood & ATB Quarters And Mint Set

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TheForce's Avatar
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 Posted 09/24/2015  2:20 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
This is kind of a complex question or maybe not. But in regards to the Statehood and ATB Quarters...how exactly is the minting done? Not the process of minting them. This is the complicated part, the mint sets for example have all of the coins before the future quarters of that year are released. Do they make a small batch of them ahead of time before the sets? Or do they mint a bunch of them up ahead of time for use with the sets and business strike releases? Hope this makes sense, wasn't sure exactly how to ask this w/o being confusing.
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 Posted 09/24/2015  2:59 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
There is no 1975 Dollar, Half, or Quarter; because the mint operates on the governments fiscal year, and they started the bicentennials a year early. This means the last quarter (Oct-Nov-Dec) are part of 2016. The government only has about a week left of 2015. So in order to have coins for this year, they had to make them in part before Oct 2014.

ATB cone out roughly in February, April, June, September (Bombay Hook was just released the other day), and November.

Shawnee ATB should begin minting in the next 2 weeks to be ready by the release date of February. That is when the banks should be first getting them, so odds are it will be already stored in the FRB for delivery to bank by February. So by the time the First quarter is relased, they wil have had 5 months to mint, so will be almost halfway done with the fiscal year and probably already be done with the April release quarter before the Feb release date.

This is for circulation coins. For proofs, that comes form San Fran, and they might have an even tighter schedule as many less coins are made, and they could have every proof Quarter for a Mint Set ready before the end of this year. They work on a different process as well, for example a proof coin is struck more than once, the dies are polished more, etc depending on what kind of finish the proof will have.

IF you mean a Mint Set of P & D, the circulation coin mints, then I have no idea how they would have them out before Feb, but it is possible since that is 5 months into the fiscal year, they could long be done with making quarters, and them jsut move onto nickels, pennies, dimes, halves, and NA/Pre$; so the US Mint store may already have ALL next years quarters readily available to be put into their special packaging because the mints are done with quarters already.

That is just best guesses based on what I know about the governments fiscal cycle.
Edited by shadz
09/25/2015 07:46 am
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jbuck's Avatar
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 Posted 09/24/2015  5:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Remember, mint set coins are made differently than business strike coins. They use different presses running at slower speed and higher pressure. They are handled a lot differently after they are struck.

So, they can mint all of the mint set coins at the same time near the beginning of the year and before the business strike versions of the later quarters and dollars are minted.
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 Posted 09/24/2015  7:29 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply

Quote:
There is no 1975 Dollar, Half, or Quarter; because the mint operates on the governments fiscal year.This means the last quarter (Oct-Nov-Dec) are part of 2016. The government only has about a week left of 2015. So in order to have coins for this year, they had to make them in part before Oct 2014.


Not sure where you got that little nugget...

There were no 1975 dated dollar, half and quarter because in 75 and 76 they minted the bicentennial coins in both years, all dated 1776-1976. Cents and nickels were not affected. I have read that they even started making them in 1974 to get a head start on anticipated demand. That has nothing to do at all with operations using a fiscal year.

1975 mint sets have 1776-1976 quarters, halves and dollars.

1975 Circulation coins would nominally be undetectable from those made in 1976 but for a few varieties discovered, especially on Ike dollars. A common way to tell if a variety was made in 75 or 76 is to compare the coin against sets, if the variety is present in one year and not the other it is likely that the variety could be surmised to have been made in that year. While not foolproof in some cases it often works.

Now whether the ATB Quarters and other coins for mint sets and proofs were made before January 1 of the coins mint date I couldn't speak to, I am sure it is possible. I find it rather unlikely as they are usually not available until sometime in the spring. It is much more likely that they were (are) minted after January 1 of the Mint year for distribution in sets and later in order for circulation.
Edited by n9jig
09/25/2015 06:06 am
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OspreyCoins's Avatar
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 Posted 09/25/2015  06:10 am  Show Profile   Bookmark this reply Add OspreyCoins to your friends list Get a Link to this Reply
The Bicentennial Coins had nothing to do with fiscal year.
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 Posted 09/25/2015  07:49 am  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
I thought something was missing and didnt see until you quoted the "year.This" meaning I lost the part about bicentennials and it has now been replaced.

The point was that even back then that is how the fiscal year ran and they were afraid if they waited they wouldn't have time to make enough bicentennials. Now they have a better process, but still start the new coins with the new fiscal year. 2016 coins start being minted in October 2015.
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snowman24's Avatar
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 Posted 09/25/2015  09:36 am  Show Profile   Bookmark this reply Add snowman24 to your friends list Get a Link to this Reply
i believe that most coins are made ahead of time for sets. It takes time to make them,package them, get sets to the warehouse for shipping. etc...
Just like the 2015 Silver Proof Eagles released this year on 1/2/15 ...you know they had to made to be made in the 2014 to be ready for the release date..
is some of your question.. are some coins made in the previous year than the date on them ?
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 Posted 09/25/2015  2:37 pm  Show Profile   Bookmark this reply Add billy-t to your friends list Get a Link to this Reply
The minting of mint sets is not tied to the release of business strikes. Remember the mint sets from 2005 - 2010. The coins had the special Satin Finish. They have their own mint and release date.
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n9jig's Avatar
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 Posted 09/25/2015  3:59 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply

Quote:
2016 coins start being minted in October 2015.


Do you have a cite for this?

While it may well be true, I think they actually do start striking the majority of coin types after the first of the year these days.
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