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US Mint Moving To Collector Coins?

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oriole's Avatar
Canada
5245 Posts
 Posted 08/15/2021  2:24 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply

Quote:
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.


Well, that is a good trend. It might be another indicator that the US mint will not go that route.
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jbuck's Avatar
United States
188770 Posts
 Posted 08/16/2021  11:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You'll be happy to know that the mint does not use your tax dollars to make coins...
Good summary.
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CelticKnot's Avatar
United States
12839 Posts
 Posted 08/27/2021  3:39 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
1.5B+ coins produced in July.

Over half of those were cents. If we can't get even rid of the lowly cent, we're not getting rid of anything else any time soon.

From the above CoinNews article:

US-Mint-Moving-To-Collector-Coins?
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Corbe's Avatar
United States
292 Posts
 Posted 08/27/2021  3:58 pm  Show Profile   Bookmark this reply Add Corbe to your friends list Get a Link to this Reply
There are loads of coins in circulation already, why do we need so many more at such a feverish pace? That can only mean they are also falling out of circulation that fast. Where do all these coins go?
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jbuck's Avatar
United States
188770 Posts
 Posted 08/27/2021  4:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
That can only mean they are also falling out of circulation that fast. Where do all these coins go?
Mint > Federal Reserve > Banks > Businesses > Customer Pockets > Oblivion*

* Coin jars, car cubbies, couch cushions, trash bins, fountains, etc, etc, etc.
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