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<p>[QUOTE="GDJMSP, post: 806743, member: 112"]Yeah, that's true right now. But they have already cut the mintage numbers by 65%. That means in 2009 they only minted 1/3 of the coins they usually do in a year.</p><p><br /></p><p>Do you know why that is ? Pretty much everybody says it's because of the economy, and it is. But there is more to it than that. It's because people have been digging into those jars and cans of coins that they have had sitting in their homes for decades - and they are spending the coins because they need the money.</p><p><br /></p><p>Now what's going to happen now that all that accumulated change is gone ?</p><p><br /></p><p>Over the next couple of years the demand for coins is going to go right back up and probably exceed previous record mintages because all of stored up coins are gone and being used in the system.</p><p><br /></p><p>I don't think most people understand just how many coins are used in this country alone - every single second. Do you realize that 24 hours a day, 7 days a week, there are over 3 million coins being pumped into a vending machine every 15 minutes. </p><p><br /></p><p>That means that every single day 288 million coins are taken out of circulation and stuck inside a vending machine. And that's just vending machines. Now imagine how many coins are used in regular commerce.</p><p><br /></p><p>Sure, they go back into circulation. But it takes time. They have to be collected, sorted & counted. And taken to a bank where they are collected, sorted and counted again. Then to another bank, and then to another bank, and then to one more bank, and then to the Fed bank. </p><p><br /></p><p>So how many billions of coins are out of circulation at any given moment because they are stuck in the system ? </p><p><br /></p><p>That's why we have such huge mintages - because we need them. Drop the mintage numbers for just 2 or 3 years - and then watch people scream bloddy murder because they don't have the coins they need. And of course they'll blame the govt. for not minting more.</p><p><br /></p><p>You see, most people don't know what's good for them because they have no comprehension of what it actually going on. They make assumptions, completely false assumptions because they don't know the facts, but they make them anyway. And they scream change this, change that, do this do that.</p><p><br /></p><p>And if somebody listens and they actually do it - then things get all screwed up and those same people scream even louder because the govt screwed up again.</p><p><br /></p><p>You want to fix things? Then use your head and think for a minute. Realize finally that the 1 cent & 5 cent coins are no longer needed and are a detriment to society. Realize that the $1 dollar bill is a detriment to society - and get rid of all 3 of them. </p><p><br /></p><p>Those things alone would fix every single problem there is regarding the production of money in this country. We would save millions upon millions every year from the first year and every year after that. And all of it could be used to help lessen the govt. spending. It's your money they're spending ya know.</p><p><br /></p><p>And as for authority being taken away from Congress, hell, it needs to be taken away from them. They can't make a decision as it is. And when they do make one it's the wrong one most of the time because they make decisions based on politics instead of reality.</p><p><br /></p><p>End of rant ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 806743, member: 112"]Yeah, that's true right now. But they have already cut the mintage numbers by 65%. That means in 2009 they only minted 1/3 of the coins they usually do in a year. Do you know why that is ? Pretty much everybody says it's because of the economy, and it is. But there is more to it than that. It's because people have been digging into those jars and cans of coins that they have had sitting in their homes for decades - and they are spending the coins because they need the money. Now what's going to happen now that all that accumulated change is gone ? Over the next couple of years the demand for coins is going to go right back up and probably exceed previous record mintages because all of stored up coins are gone and being used in the system. I don't think most people understand just how many coins are used in this country alone - every single second. Do you realize that 24 hours a day, 7 days a week, there are over 3 million coins being pumped into a vending machine every 15 minutes. That means that every single day 288 million coins are taken out of circulation and stuck inside a vending machine. And that's just vending machines. Now imagine how many coins are used in regular commerce. Sure, they go back into circulation. But it takes time. They have to be collected, sorted & counted. And taken to a bank where they are collected, sorted and counted again. Then to another bank, and then to another bank, and then to one more bank, and then to the Fed bank. So how many billions of coins are out of circulation at any given moment because they are stuck in the system ? That's why we have such huge mintages - because we need them. Drop the mintage numbers for just 2 or 3 years - and then watch people scream bloddy murder because they don't have the coins they need. And of course they'll blame the govt. for not minting more. You see, most people don't know what's good for them because they have no comprehension of what it actually going on. They make assumptions, completely false assumptions because they don't know the facts, but they make them anyway. And they scream change this, change that, do this do that. And if somebody listens and they actually do it - then things get all screwed up and those same people scream even louder because the govt screwed up again. You want to fix things? Then use your head and think for a minute. Realize finally that the 1 cent & 5 cent coins are no longer needed and are a detriment to society. Realize that the $1 dollar bill is a detriment to society - and get rid of all 3 of them. Those things alone would fix every single problem there is regarding the production of money in this country. We would save millions upon millions every year from the first year and every year after that. And all of it could be used to help lessen the govt. spending. It's your money they're spending ya know. And as for authority being taken away from Congress, hell, it needs to be taken away from them. They can't make a decision as it is. And when they do make one it's the wrong one most of the time because they make decisions based on politics instead of reality. End of rant ![/QUOTE]
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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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