US Coin Shortage Thoughts - Coin Community Forum

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Author	Replies: 3 / Views: 1,167
silverstash119 Valued Member United States 182 Posts	Posted 08/27/2020 1:06 pm Hi all, I just wanted to share what I thought was an interesting article. With this coin shortage, I'm reminded of when gold and then silver coins were taken out of circulation, right before the price of those metals went "boom". Now with this shortage of coins, it might be the right time for nickel to start exploding with the EV revolution? Is this part of the motivation for a cashless society? Copper and nickel may be becoming more valuable in the near future. I'm holding all my junk change.... Not meant to fuel any conspiracy theories here, just curious myself about what's going to happen to these metals as EVs become more of a mainstay. https://insideevs.com/news/440582/e...is-new-gold/ Report this Post to the Staff

EDM Valued Member United States 292 Posts	Posted 08/27/2020 2:01 pm The US Mint has stepped up its coin production from roughly 1 billion coins per month to nearly 1.5 billion coins per month. Its basically a problem with the flow of coinage back to Loomis and other 3rd party coin roll distributors. Report this Post to the Staff
silverstash119 Valued Member United States 182 Posts	Posted 08/27/2020 2:10 pm Still will be interesting to see what happens. I'm not saying copper or nickel will reach the heights of gold or silver, but I'm speculating that in 10 or 20 years, random quarters/nickels could possibly be worth more than their face value in nickel or copper if electric vehicles become the norm. Another article from Forbes from June 2020: https://www.forbes.com/sites/timtre...7f38aaab28ab Report this Post to the Staff
Spence Moderator United States 34408 Posts	Posted 08/27/2020 2:32 pm @ss119, a good topic to discuss, but we already have an open thread here: http://goccf.com/t/376510 I'm going to lock this one so that we can keep the conversation consolidated. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
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