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 Replies: 20 / Views: 3,165 |
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Pillar of the Community
United States
5604 Posts |
I would like to put this out there to members, Ever notice that most new coins are found on Military bases or in Puerto Rico first?.  I am trying to figure this out being an American citizen and since the 2009 coins were put into circulation, some I have not seen yet, but noticed these places( on e-Bay ) are the first places to acquire the coins, any clues as to why this might be, Mike?  Edited by Morgans Dad
04/09/2010 7:05 pm
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Pillar of the Community
United States
4000 Posts |
I have noticed that, too. Doesn't seem right. And of course, they jump all over it and sell at ridiculous prices and get a jump on it. You would think the distribution would begin closer to the mint.
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Pillar of the Community
United States
2600 Posts |
aaaaaaaaa IIIIiiii think Ok, I will take "What do military bases and Puerto Rico have in common" for $300, Alex. Answer this question and you will probably answer the OP question and I have no idea. I suspect it has something to do with volume orders being filled first, but why Puerto Rico? Jim |
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Pillar of the Community
Canada
3692 Posts |
US Corporations don't pay the same kinds of taxes in Puerto Rico that they do on the mainland. Perhaps that has something to do with it.
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Pillar of the Community
United States
1882 Posts |
I really don't think it is a conspiracy...my bet is coins go to the places where the banking system needs them.
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Pillar of the Community
 United States
5604 Posts |
I Really do not think along the "conspiracy theory", just something does not play out as seeming fair, if the reason is "the mainland" corporations pay too much taxes, then the level playing field is NOT so level, point being, I take exception to out of the country territories receiving US coinage before we who live in the "mainland", and in order to receive this coinage, as mentioned, We have to pay a premium for them....... Is it any wonder we are all in the shape we are in as a country, Please no "if you do not like it here move remarks.!Remember the Boston Tea Party lesson we all learned, well I believe like before, history can and has repeated itself and hopefully, in this case, it will again, maybe New York Harbor this time.........Just an opinion... Edited by Morgans Dad
04/09/2010 7:03 pm
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Moderator
 United States
187702 Posts |
Quote:
I really don't think it is a conspiracy...my bet is coins go to the places where the banking system needs them. Perhaps they are experiencing coin shortages in those locations, whereas everywhere else there are plenty of people cashing in their change jars. Maybe there are fewer coin hoards that can be cashed in. Maybe more people are keeping and/or increasing their hoards. |
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Pillar of the Community
United States
1358 Posts |
I heard that for the Shield pennies, Puerto Rico had a shortage of cents, so the Mint sent some there and released them before the official release date in the states.
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Pillar of the Community
555 Posts |
The reason they are on "military" bases is because one soldier named Manny is from PR. His dad in PR, got the coins in PR, and shipped the coins to him to sell from his military base. He was the first guy to get the 2009 nickels, and the second guy to get the dimes. He got both in large quantities.
The coin supplier in PR simply orders new nickels and dimes, and their Federal Reserve Bank supplies them.
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Pillar of the Community
United States
4212 Posts |
Lots of good possibilities here. I started collecting on an Air Force base in Mo. in '65. Lots of silver to be had. Last good draw was in Ca; Vandenburg A.F.B. Lots of retired & active in the area. Aquired alot of Viet silver there, as well as Afghanistan, Iran, Iraq and a great deal of early Palestine.
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Pillar of the Community
United States
5604 Posts |
Great answers, I just wish somewhere in America, they would need coins and order them from the you S MINT or the Feds.
I would also ask, has anyone seen an actual 2009 nickel or dime from the Denver mint?I still feel the vaults, somewhere have floors that are buckling and bending from all those coins that 'most" no-one has access to!!
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Valued Member
United States
77 Posts |
A few years back the Government Out Sourced coin production in an effort to save costs?
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Valued Member
United States
436 Posts |
Quote:
Remember the "Boston Tea Party", well I believe like before, history has repeated it.........Just an opinion... Ummm.. NO ONE remembers the Boston Tea Party... we can only remember what we read about it. And history has not repeated.. the Current Tea Party Moniker is more an homage to the "Boston Tea Party". Gone are the "No Taxation without representation" days... Now the battle cry is closer to "Our current representation is inadequate and going to destroy our country and constitution" As far as why coins show up in PR first... I think it is distribution test runs. If there is going to be a major screw up why not have it happen on a territory in a small scale. In this way problems are not nearly as big as they might be. Edited by coretj
04/09/2010 01:08 am
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Pillar of the Community
United States
1406 Posts |
I've got an answer Alex! What is, both locations have a massive amount of coins leaving the areas like puerto rico and military bases due to tourism and deployment. 300 points for me! Who brings coins to an island on a trip? Who has brought coins back!? Same goes for military bases. Paychecks cashed on base at military supply stores and coins deposited off base. Thus, both Puerto Rico and military bases order coins much faster and do not get coins back very often.
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Pillar of the Community
United States
968 Posts |
Puerto Ricans are just as much Americans and US citizens as those of us from the states. The way you are presenting this makes it sound like you are reacting the same as if Mexico or China were getting these coins first. Puerto Rico, the Virgin Islands, Guam, etc. are America and any suggestion they are not is ridiculous.
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Valued Member
United States
335 Posts |
Morgan's Dad wrote, Quote:
. . . in order to receive this coinage, as mentioned, We have to pay a premium for them... No, we don't--we just have to wait. Many collectors are willing to wait years to fill some hole in an album--yet there is this hurry to pay inflated prices for coins that we know we're going to get in our pocket change sooner or later. |
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Replies: 20 / Views: 3,165 |
Posted 04/07/2010 07:57 am
