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 Replies: 8 / Views: 1,719 |
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Valued Member
United States
191 Posts |
As I was browsing over the forums this morning, I read a post that someone had made about the downturn of the economy and the indirect effect it has on mintage totals since 08-09. It was pointed out that the number of coins produced was down compared to previous years because of people falling on hard times and cashing in their change that may have been laying around for a while. This got me to thinking. Is it possible that there may be a surge of older coins being found in circulation indirectly due to the downturn of the economy? Has anyone noticed an increase in older coins while searching their rolls from the banks? Just curious. These are the things I think about when I'm left all alone on the forums at night. lol
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Pillar of the Community
United States
613 Posts |
Most definately in my neck of the woods. Been finding 60's cents in circulation that look freshly minted. Many roll searchers are finding plenty of silver and even Indian cents are turning up. Its not all due to the economy though, alot of it is that so many people are hooked on pain killers their spending what they have for their next pill. |
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Valued Member
United States
364 Posts |
True story I learned as a bank teller back in college: Every twenty-dollar bill in the United States has at least a little cocaine dust on it. Thank you drug trade...
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Pillar of the Community
United States
3294 Posts |
I would expect that is mostly, but not entirely true. There are a fair number of $20 bills that were made that have not yet circulated.
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Moderator
 United States
187864 Posts |
I have definitely noticed a larger number of older coins in circulation. In my area, the 1970's seem to be most common. I am also seeing no shortage of copper cents; most of them are from the 70's, of course.
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Bedrock of the Community
United States
20753 Posts |
Of course older coins are becoming more common in change. Home invasions, coin store robberies and even people coming and going to coin shows being robbed is on the increase. The vast amount of criminaals have little to know idea of Numismatic values and/or where or what to do with coins except dump into a coin counting machine somewhere. Proof and Uncirculated sets from the Mint are being opened and those too are dumped into counting machines. In some cases coins are taken to pawn shops just in case a crook can get a few cents more than face valuee and there too many pawn shop people don't know coins. Crooks also dump stolen coins into any vending machine that they can use them on.
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Valued Member
United States
108 Posts |
I wish I had been bag searching before the downturn. That why I could know for sure. As far as pennies I find alot of 50's and even more 60's that look straight out of someones Whitman. Nickels are the same way. Found a 1938P that looked brand new. Cant say on dimes a little to expensive 1,000.00 for a bag
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Bedrock of the Community
United States
17884 Posts |
Quote:
True story I learned as a bank teller back in college: Every twenty-dollar bill in the United States has at least a little cocaine dust on it. Thank you drug trade... Actually now it is just about every piece of paper money (Except the new notes that have just entered into circulation.) And I wouldn't thank the drug trade for that being true, it is actually the fault of the banks and teller. The cocaine gets spread through all the notes by the bill counting machines the banks use. You get a few contaminated notes and when they are run through the counter they contaminate the machine which then spreads the contamination to every note that is run through it. |
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Pillar of the Community
United States
1213 Posts |
Based on my searching, I'd say it's true also - I found a 1904 Indian cent a couple of weeks ago. I haven't seen one of them in circulation in 30+ years. |
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Replies: 8 / Views: 1,719 |
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Posted 09/10/2010 08:12 am
