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Basic Coin Minting Questions

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jpsned's Avatar
United States
2200 Posts
 Posted 07/04/2011  09:56 am Show Profile   Bookmark this topic Add jpsned to your friends list Get a Link to this Message Number of Subscribers
When do coins start to get minted for each year? When does the minting end? When, where, and how are coins put into circulation from the mint? What determines how many coins are minted at each mint?

Basic, simple questions, I know. But I realize I've never known the answers, nor even wondered before.
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Conder101's Avatar
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17884 Posts
 Posted 07/04/2011  2:31 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Typically minting begins in late November or December of the preceding year. Minting usually ends in mid to late December. The Fed orders coins from the Mint depending on what they have in their stockpiles. When banks need more coins they order them from the Fed and the Fed ships them out to the banks. They fill the banks orders with circulated coins first, then older MS coins, and then finally new MS coins. The Mint also keeps a stockpile of new coins on hand so the can fill Fed orders immediately rather than the Fed having to wait while they are struck. How many are ordered depends on the history of orders from the various areas of the country.
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jpsned's Avatar
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 Posted 07/05/2011  12:08 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
I've also wondered about how the coins from the different mints are distributed. For example, are the Denver coins released from Denver? And were the San Francisco coins released from SF? (This would explain how it takes those of us on the east coast some time to see mintmarks.)
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desertgem's Avatar
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 Posted 07/05/2011  12:45 am  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply

Generally, the coins from the Denver mint are sent to Federal reserve banks west of the mississippi river and Philadelphia mint coins east of the Mississippi river, but it is a rough and unwritten rule, based on supply and demand of the federal reserve banks on each side.
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