2011 - P ime in change today!

Discussion in 'US Coins Forum' started by mikenoodle, Apr 10, 2011.

  1. yakpoo

    yakpoo Member

    OUCH!! ...beware the wrath of a Democrat scorned! :stormy:
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. coppertop5150

    coppertop5150 New Member

    but you do make a good point, even 39mill is far from rare in real numbers...
    Its only low when you look at the overall population of nickels in circulation

    I agree,Not rare , but if anyone was excited about pocket change finding a 2009 would be harder to come by over a 2010 or 2011 math wise..

    I have sold all my 2009 nickels on ebay( one roll ) at 99 cents each with free shipping...
    Sure its not alot I make around 40 cents a coin after shipping and envalop.

    But that still 40cents times 40 $16 for the roll not a bad return for my $2.00
     
  4. mikenoodle

    mikenoodle The Village Idiot Supporter

    you did very well and it was wise of you to sell them right away while people will pay a premium for them. It is my opinion that some day soon they likely will not
     
  5. yakpoo

    yakpoo Member

    Perhaps, as Krispy noted, I'm reading a bit past the OP's original question. Whenever I see talk about the low mintage of current circulating coinage, it's most commonly asked in context of whether or not these coins have upward "earnings" potential due to their "relatively" low mintage numbers. Since the obvious answer in each case is "no", I tried to think of ANY scenario where they actually could become great rarities...similar to the 1916d Mercury dime.

    Since, as the OP has observed, few 2011 dimes have been found in circulation (so far), it would make sense that the Federal Reserve hasn't issued many. If they haven't issued many, then they must still have them stored someplace. For these coins to become great rarities, the population would have to somehow be decimated.

    I suppose if they were all loaded up on a ship and the ship sank in a violent storm...that could do it. Or if they were all stored in a large wooden warehouse with a lot of oily rags and kerosene lanterns about...that might do it, too. Both of those scenarios seem too "18th Century" to have much probability of happening.

    In the 21st century, only the US Congress has such immediate, destructive power to wipe out that many coins! With one mighty swipe of the pen, Congress could mandate a "great meltdown" of current stocks; leaving only the population of circulating coins to the collectors.

    Granted...it SEEMS unlikely anything like this would happen, but we will probably take some of our lower denomination coins out of circulation at some point (not even gumball machines take pennies, anymore!).

    That process would probably begin by stopping production of the obsolete coins and reclaiming (melting) the currently unreleased coins. If that should happen, when very few of the newer coins (such as the 2011 dime) have been released, it's "possible" that some of these coins could become scarce.

    It's like "musical chairs"...you know the music is gonna stop...you just don't know WHEN.
     
  6. d.t.menace

    d.t.menace Member

    No 2011 dimes or nickles yet. I did find two cents and a Gettysburg quarter.
     
Draft saved Draft deleted

Share This Page