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 Replies: 25 / Views: 3,814 |
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Pillar of the Community
United States
2204 Posts |
Why did mintages of circulating coins plummet in 2009?
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
4212 Posts |
In a nutshell, it was due to the recession. Fewer coins were needed for everyday
transactions.
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Moderator
United States
188391 Posts |
The Great Coin Jar Dump of 2008.  Large numbers of exiting coins were deposited back into the banking system, which meant the Federal Reserve had enough to meet demand from the banks. Coin orders from the Fed are what drive the US Mint production. |
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Rest in Peace
10197 Posts |
I know we aren't to mention politics... *** Then don't mention politics *** That said, as what has been said in previous posts above, as well as the Congressional Decree(for you Canadian's, kinda like the King's or Queen's), the mint(s) spent alotta time on the Lincoln Series of cents, the winding down of State/Territorial Quarters, and messing with NIFC halves and silly fake golden, worthless dollars (yes, cost more than a dollar to make 'em), furthering to strengthen the recession. Now I pose a question...has the governmental (stress "mental!) messes known as Congress and The United States Mint really moved to "get better?" I'm waiting...   Edited by Crazyb0
06/15/2017 12:59 pm
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Pillar of the Community
United States
2023 Posts |
Quote:
...worthless dollars (yes, cost more than a dollar to make 'em)... I've found three references of varying quality, giving the production costs of the Sacagawea dollars at 10, 12, and 30 cents. Can you provide a reference for "more than a dollar"? |
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Moderator
United States
188391 Posts |
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...silly fake golden, worthless dollars (yes, cost more than a dollar to make 'em) This is a non-factual statement. The only coins that cost more to produce than their face value are the cent and nickel. |
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Valued Member
Canada
112 Posts |
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Bedrock of the Community
United States
11951 Posts |
I heard .. as Jbuck posted.
The economy was in a slump and people were taking their coins to the
banks in large numbers. Reducing the need to mint new coins.
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Bedrock of the Community
 United States
12477 Posts |
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I know we aren't to mention politics...*** Then don't mention politics *** Sorry Crazyb0 but, I got a pretty good chuckle out of that when scrolling down.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
2618 Posts |
Quote:
The economy was in a slump and people were taking their coins to the
banks in large numbers. Reducing the need to mint new coins. Then everyone must have started hoarding coins again, but just from 2009 because I almost never see them in circulation, and only just found my first Jeff last week. |
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Bedrock of the Community
United States
12477 Posts |
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Then everyone must have started hoarding coins again, but just from 2009 because I almost never see them in circulation Yep, I believe they began to be hoarded after collectors realized the low mintages. It created a semi-key or key date for everything. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
United States
12823 Posts |
Let's be honest here and describe it for what it really is... "relatively low 2009 mintages".
The 2009 coins were still minted in the (many) tens of millions and will never be remotely rare or scarce.
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Bedrock of the Community
United States
12477 Posts |
Check out the Roosevelt dime mintages of 2008, 2009 and 2010. You can find a reduction by nearly 90% with some in 2009. I wouldn't call that " relatively low." 2008-D: 413,000,000 2009-D: 49,500,000 2010-D: 562,000,000 In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
United States
17884 Posts |
Quote:
You can find a reduction by nearly 90% with some in 2009. I wouldn't call that "relatively low."
2008-D: 413,000,000
2009-D: 49,500,000
2010-D: 562,000,000 And there are maybe 2 million coin collectors in the US and many of those are NOT serious collectors, and many do not collect Roosevelt dimes, but there are is still close to a half a roll of 2009_d dimes for every single one of them. (Compared to four rolls of 2008-D and 6 rolls of 2010-D) That sounds relatively low. As CalticKnot said they will never be scarce or rare. Quote:
Then everyone must have started hoarding coins again, but just from 2009 because I almost never see them in circulation, and only just found my first Jeff last week. Well all of the 2009 coins had significantly lower mintages and that was well known, so yes a lot of people hoarded them. The Lincon cents had the first design change in 50 years which made them an additional target, The nickels and dimes were the lowest mintages in something like 50 years. The quarters were the last year of the State Quarters (Or the only year of the territorial quarters) and their mintages due to the change jar dumping were small compared to the rest of the State Quarters which made them harder to come by as well. So they were hoarded too. |
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Pillar of the Community
United States
3470 Posts |
10's to 100's of millions of low denomination coins and typical $.50 and $1.00 produced. Nothing to see here.
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Replies: 25 / Views: 3,814 |
Posted 06/15/2017 09:38 am
