US Mint Moving To Collector Coins?

Well believe it or not I have only seen 3 2021 P or D Lincoln Cents so far this year . I don't CRH , but what I receive from change from everyday purchasing with cash.

Do you all realize that the mint produces billions of coins for circulation?

2021 (as of 8/2021) - 8.86 billion
2020 - 14.74 billion
2019 -11.94 billion
2018- 13 billion

Do you actually think that our few collector series are more than a side hustle for the mint?

The mints job is to produce coins for circulation, all this talk of a cash less world doesn't seem to tie up with producing billions of coins.

Even if the mint produced several million coins for collectors the number is insignificant compared to what they produce for circulation. We (coin collectors) get all excited about new mint releases and now the flippers know we'll pay above the selling price hence why these issues are selling so quick. But to the average person they don't even look at their change. Just a few days ago at the bagel shop a person got a 2005 westward nickel with the bison, he saw it and said "wow it's a Buffalo nickel, they haven't made these for decades, he didn't even look at the date", I just ignored him .

Never gonna happen. Cash is always going to be needed for something, and it's never going to be done away with.

With hfjacinto, .

Picture the average person who would be researching numismatics, purchasing coins through online channels, and posting on web forums. Perhaps we as a group (Full disclosure, I use cash and credit cards quite a bit, platforms like PayPal almost never, though.) are predisposed to be more comfortable with cashless transactions, as are the people with whom they interact. The effect of such an environment can be an echo chamber where perceptions are confirmed by interactions with people who shop and sell things the same way.

I noticed this disconnect in opinion over the use of cash early on in the COVID mess. I started seeing opinion pieces written by tech savvy folks seeming to celebrate the fact that the pandemic would finally end use of cash and all the distasteful business they associated with it. At the same time, businesses I frequented were scrounging for coins to make change in cash transactions, which were critical to their operations. I also bought things from people who preferred to see cold, hard cash, and they certainly were not thieves, drug dealers, or human traffickers. My experiences and those of the cashless proponents probably don't match well. Who's right then? Can we entirely trust our own experiences, especially if those experiences aren't more diverse? That's why for me the facts and figures, like what hfjacinto posted, trump most other arguments.

Both federal notes and coin hold a perceived value. Meaning, they are worth nothing more than the word of several suits sitting around an oak table say it is. Known as full "faith". As for coin, both the cent and nickel far exceed a real value in their metal content based on a marketable. Even in today's digital world commercial transactions would need to be conducted should a failure in electrical power or servers being off-line. Factor in the growing ransomeware and other computer hacks and it becomes clear that a cashless society is not happening.

The Canadian Mint has significantly reduced the number of collector coins it issues currently. While it's still 100+ for the year, it is no longer the 300+ it was a few years back.

The way I look at it is, the more money the mint makes from selling commems, the less of my tax dollars they have to use to make the rest of the coins. I don't buy modern commems from the mint. Even though I collect them. I wait a couple years. The only mint purchase I have made was a 5 oz silver ATB "quarter" from Salt River Bay, USVI. One, because we have kayaked that bay on vacation. And two, because the mint was about to raise prices based on silver going up.