What if the Mint stopped production for a year?

Why not give yourself an 8.9% bonus and simply roll the coins yourself and take them to your bank?

 

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I was referring to the 8.9% fee CoinStar charges to "cash in" your coins. Personally, I don't want to pay someone almost 9% to convert my change into folding money. You can buy a coin sorter for $25 or less so if you plan to "cash in" $280 in coins you can pay for the coin sorter with the 8.9% you don't give to CoinStar.

 

The mint actually did try to stop coin hoarding in the 60's during the roll boom time......They removed the mintmark from coins during 65-66-67 as a way to discourage it by cutting out half the demand in one easy move......

 

Thats why I usually go for the Free Counting and get myself a nice little Amazon Gift Certificate.

 

<------ Hoards coins hya:

 

Any problem would probably only shut down one of the two Business Strike mints... The other could fill the gap until they get the other one back up and running, with possibility of the San Francisco Mint or West Point minting Business Strike coins with a P or D mint mark to discourage hoarding. It's happened before.

 

I thought that for the past few years, San Francisco and West Point have been minting 1¢ coins with no mintmark. Supposedly this was the source of the 1998-2000 error cents where a proof die was used for the reverse??

 

My bank has a free coinstar-like machine free of charge to customers. When I have to change the coin bags in the machine, I can see all kinds of cool stuff dumb people just throw in there, wheaties, and even some 50 cent peices that still have a nice mint luster. It makes me sad. I wish I could just reach in there and take out all the ones I want.

 

I can imagine with the miles of information shared here there's likely a thread that addresses this question but I can't find it so I'm asking - someone please direct me to the link of the answer. What is the reason behind so many years 1918-1922 where so many coins in certain denominations weren't minted?

 

I personally just throw my non collectible change (minus halves and dollar coins, which I spend) in a globe bank and roll it up when it gets full. My parents have a jar of pennies and a jar of "silver and gold" (nickels, dimes, quarters, and a few dollar coins mixed in) and I think this is the case for a lot of people. Our credit union has a free coin star type machine they get dumped in. All this to say: most change is probably just hoarded for months to years at a time.