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 Replies: 13 / Views: 1,238 |
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Pillar of the Community
United States
2200 Posts |
I have lived on the East coast all my life; about 90% of the coins I've ever come across in change were minted in Philly. Every now and then I get a Denver coin; when SF minted coins for circulation, it was once in a long while that I'd find one.
My question is, where do the different mints release their coins? Based on my experience, it seems that Philly releases them in the east, Denver in the mid-west, and back in the day SF on the west coast.
Is this a gross oversimplification? Is it accurate? Thanks.
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New Member
United States
13 Posts |
Not sure on the answer. One thing that seems odd to me is that I've never found a West Point coin.
I've gotten most my coins from random collections I come across. Yet I've never seen a West Point.
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Pillar of the Community
United States
1648 Posts |
The U.S. Mint produces more than 10 billion circulating coins a year. But it doesn't distribute circulating coins to the public actually. The Mint relies on Federal Reserve Banks to put the coins into circulation. Mint transports the coins to the Federal Reserve Banks. - Armored cars and trucks take the coins from the Philadelphia or Denver Mint facilities to the Reserve Banks' 28 branch offices and more than 100 private sector coin terminals. The coin terminals are operated by armored carrier services contracted by the Federal Reserve. Federal Reserve Banks distribute to depository institutions -The Reserve Banks' depository institutions place orders for coins. The armored carriers transport the coins from the coin terminals to the depository institutions. The coins enter circulation and cycle between banks, businesses, and people - The depository institutions place the new coins in circulation by exchanging them with their customers, both businesses and individuals. They also give the coins to other banks that aren't depository institutions with the Reserve Banks. https://www.usmint.gov/news/inside-...-circulationHere are the federal reserve districts https://www.federalreserve.gov/abou...e-system.htmSo you would naturally initially find the newly released coins in the locations around where they were minted, but later can find them anywhere. Edited by datadragon
05/01/2023 9:26 pm
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Moderator
 United States
94636 Posts |
I live in the west, I rarely see a Philly coin unless I order it from the mint or ebay. |
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Pillar of the Community
United States
3848 Posts |
 Used to live in Sacramento, land of the Denver minted coins. Never found nice uncirculated Philly coins. I live in Texas now and have not paid close attention to my change. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
4233 Posts |
This makes me curious - do Denver mint coins ship to Kansas City before going back to Colorado banks, or do they go straight from the mint to the Denver branch of the Kansas City federal reserve bank? I live about 60 miles from the mint but it always seems like April or May before I start seeing the new year's coins in circulation. I never see Philly coins in change.
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Pillar of the Community
United States
3323 Posts |
I live in central North Carolina. Over the years, I've rarely seen D- or S- mint marks in my pocket change. My mother-in-law lives in northwestern NC. I recently went through her years of change jars and was surprised to find predominantly D- mintmarks on those coins. I wonder if the coins in that part of the state come mainly from Tennessee?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
United States
19110 Posts |
Another good break-down datadragon (above).
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Pillar of the Community
 United States
7933 Posts |
 Like the OP, I grew up in the Northeast Corridor, and it was always a treat to find D and S mint coins to fill my old Whitman folders. MUCH later in life (like 45 years) I moved to Ohio, and there are far more Denver coins here. I havent checkd the mintage records on how the mintage frequency has changed since the 1960s and the 2000s, but I think we can infer from datadragon's post that Denver mint coins are never directly distributed to Fed branches east of the Appalachians, and Philly coins are never directly distributed to Fed branches west of the Missisippi. |
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Valued Member
United States
449 Posts |
I live in Atlanta and we always get brand new P coins in change at stores or in bank rolls early each year. Confirms what @datadragon is saying.
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Valued Member
United States
217 Posts |
The norm in Minnesota for newly minted coins is Denver mint. I was curious when in 2019 and 2020 two of the newly minted ATB Quarters I got new rolls of (to search for W mint) were all P mint. @Linkthesink The only W mint coins released into circulation were the 2019 and 2020 quarters few in number and much sought after. Many collectors have not found them in circulation. |
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Moderator
United States
94636 Posts |
Quote:
The only W mint coins released into circulation were the 2019 and 2020 quarters few in number and much sought after. Many collectors have not found them in circulation. I found 10 of these in Arizona. |
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Pillar of the Community
United States
3535 Posts |
I'm in Colorado so of course mostly Denver coins for me.
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Pillar of the Community
United States
2270 Posts |
The Fed districts are still charged with the distribution of coins but rarely handle any. I don't believe any even stock them any longer. The distribution of coins tend to be based on the least cost to ship but the boundaries are always shifting. Coins used to mix in pretty quickly with quarters needing only about 20 years. Now days velocity is much lower (the coins don't get spent) so they take a long time to mix. Pennies actually have such a short life time and low velocity they'll never get mixed in.
Time don't fly, it bounds and leaps.
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Replies: 13 / Views: 1,238 |
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Posted 05/01/2023 9:09 pm
