How Do They Determine How Many Coins To Mint?

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Author	Replies: 10 / Views: 2,105
jpsned Pillar of the Community United States 2200 Posts	Posted 04/11/2018 4:15 pm Every year, a certain number of coins are minted in Philadelphia and Denver for circulation. Does anyone know the process of determining how many coins they mint each year? Do Philly and Denver talk to each other about who's minting what numbers? Do the numbers to mint change as the year goes on? * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

jbuck Moderator United States 187702 Posts	Posted 04/11/2018 4:28 pm I am not sure on the exact formulas, but it is based on demand from the Federal Reserve. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
TheForce Pillar of the Community United States 4867 Posts	Posted 04/11/2018 4:37 pm This is how it's probably done. Mintages are in the spin wheel for each denomination...hahaha wz-PtEJEaqY Report this Post to the Staff
bpoc1 Rest in Peace United States 4078 Posts	Posted 04/11/2018 4:44 pm jpsned. great question! Not sure how the Federal Reserve role is, as jbuck implied. Let us see what CCF members know. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 04/11/2018 4:54 pm Quote: Not sure how the Federal Reserve role is, as jbuck implied. The mint does not put anything directly into circulation. The Federal Reserve branches order coins from their mint (Philly or Denver) to supplement the inventory used to fulfill coinage orders from their member banks. If the banks send a lot of coins back to the Fed (as they did in 2008) then mintages are reduced (as they were in 2009) from lack of demand. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Crazyb0 Rest in Peace 10197 Posts	Posted 04/11/2018 8:11 pm They use telephone robo customer surveys, of course, you didn't know that? Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4589 Posts	Posted 04/11/2018 8:56 pm The Fad orders coins from the mint by denomination: "we need 1 billion quarters". Like any business the mint decides which of their factories to use based on available resources and other orders. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 04/12/2018 08:36 am Members of each Mint get together at bar somewhere and start drinking. As they drink they come up with a number of coins that each will make based on what they can still say. Or the Mints just do a lot of guessing. Or no one really knows. Report this Post to the Staff
TheForce Pillar of the Community United States 4867 Posts	Posted 04/12/2018 08:49 am Interestingly it seems the mintage numbers for halves are fixed. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 04/12/2018 10:41 am Quote: Interestingly it seems the mintage numbers for halves are fixed. They are not issued for circulation, sold for collectors only, since the Fed has plenty on hand to satisfy demand. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 04/12/2018 11:39 am They watch this and then decide. HZmafy_v8g8 Report this Post to the Staff
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