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 Replies: 31 / Views: 6,617 |
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Pillar of the Community
 United States
579 Posts |
Because there's already a modest premium on them, and in a few years they will go up just like the 2009 low mintage nickels did...  |
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Pillar of the Community
United States
1471 Posts |
Wow! That's a substantial drop. Which got me to thinking, despite the mintages, nickels rarely reach my pocket compared to the other denominations. And I use cash in transactions quite frequently. Financial institutions (banks) place orders based on customer needs to their respective armored companies, who in turn forward their holdings to the treasury and finally the order is placed with the mint. Or branch in some cases. This, to me, indicates a lack of need to supply commerce adequetly. Yet like everyone else I'm puzzled by the huge discrepency from last year to this.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
12/21/2024 2:53 pm
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Pillar of the Community
United States
1693 Posts |
We are starting to see the effects of what will probably be called the Greater Recession.
China is hitting the wall hard. Deflation is rampant there now and they can't seem to stop it.
Edited by DoubleEagle20
01/02/2025 11:01 pm
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Pillar of the Community
 United States
4687 Posts |
I think people have also made a huge transition away from cash since 2019. Most people you see in a grocery or convenience store line, even most gray haired folks, now pay with a chip card, tap card, or smartphone.
I have also noticed that many points of sale now offer automated appeals for charities, where you can round up your purchase to the nearest dollar. Many cash customers accept that offer simply to eliminate the loose metal change.
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Pillar of the Community
945 Posts |
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I have also noticed that many points of sale now offer automated appeals for charities, where you can round up your purchase to the nearest dollar. Many cash customers accept that offer simply to eliminate the loose metal change. While some stores (Five Below) force this upon customers. This is going to be one thing I will ban when I run for state office.
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Moderator
 United States
71929 Posts |
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This is going to be one thing I will ban when I run for state office. Just go run for President and ban that practice nation wide..
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Pillar of the Community
United States
4687 Posts |
Yes, there are a number of consumer-hostile practices that have taken root in the last few years. I tend to focus on the ones involving privacy, data scraping, creepy tracking, and reselling personal information. Also shady practices like loot box mechanics that specifically target kids and gambling addicts. But there are some really gross cash register tactics involving charities that line pockets by tricking people's goodwill. Good luck getting those blocked, there is as much money behind those practices as there is behind telemarketers faking charity support.
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Pillar of the Community
United States
4380 Posts |
I just force myself to never be in too much of a hurry that I don't
* Look at the register total
* Read what I'm signing
* Click on skip or none or custom for tipping if I'm standing up at a counter
* Eyeball the gas pump/credit card machine for a skimmer
etc.
-----Burton 50 year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, OnLine Coin Club Owned by four cats and a wife of 40 years (joined 1983) |
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Moderator
United States
164145 Posts |
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I just force myself to never be in too much of a hurry that I don't... Good points.  For what it is worth, I never insert my card into a gas pump reader, they are way too easy to compromise. When they do not have tap to pay, I move on down the road. Luckily they are now more common than not.
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Pillar of the Community
945 Posts |
I also plan to ban companies and places from going cashless.
Studies have shown going cashless hurts the low income people.
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Pillar of the Community
United States
4687 Posts |
Cashless has advantages that have been discussed elsewhere on this forum. One is that an empty cash till tremendously lowers the incentive for robbery. Another is that no cash means that employees cannot steal money from the business.
I had not heard about any studies showing what you mentioned. Guess I will Google it.
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Moderator
United States
164145 Posts |
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Studies have shown going cashless hurts the low income people. Quote:
I had not heard about any studies showing what you mentioned. The real solution is raising income levels, but the methods by which we accomplish this is a topic best discussed in other fora. 
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Valued Member
United States
292 Posts |
I always order several annual uncirculated coin sets. Usually, the coins appear the same as those found in the wild.
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Valued Member
United States
405 Posts |
Production ended 2024 with 112,800,000 being struck, 32,880,000 in Denver and 79,920,000 in Philadelphia. Quite enough to meet collecting demand. Lowest since 2009, but not a money maker for the greedy and speculative crowds.
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Pillar of the Community
United States
2177 Posts |
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Quite enough to meet collecting demand. Unfortunately, I think the problem is with perceived scarcity. Even though by all accounts, 2009 nickels (and dimes) are not at all rare, they still command a premium above what they should, IMO. Same goes for 2012 Mint and Proof Sets. Unfortunately in the case of 2009 coins, you can't turn to Mint Sets for uncirculated business strikes, as they were still using satin finish. Thankfully for 2024 nickels, the Mint Set is an easy all-around option.
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Replies: 31 / Views: 6,617 |
First Page
Posted 12/21/2024 2:51 pm
