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<p>[QUOTE=&quot;cladking, post: 806982, member: 68&quot;]I love your rant and couldn&#039;t have said it better myself but must take great exception to this;</p><p><br /></p><p><br /></p><p><br /></p><p>This does apply to pennies and to a small extent to nickles but not to the other denominations.&nbsp; People don&#039;t bother cashing in cents and they might sit around literally for decades but there is almost no hoard whatsoever of dimes and quarters out there.&nbsp; These simply get recycled back into the system on a continuing basis and this is proved by the fact that there are almost no (statistically zero) old quarters like the 1969 in XF or AU in circulation.&nbsp; These were all gone by about 1983 and there haven&#039;t been any since then.&nbsp; </p><p><br /></p><p>You are right that the economic conditions result in a net inflow of coins back into the FED but this is the result of people cashing in their coins earlier. That is instead of keeping their quarters for two years on average they keep them for only one year.&nbsp; But there are no old hoards of old quarters anywhere at all.&nbsp; The FED distributes coins on a first in first out basis and people do not keep them for decades.&nbsp; </p><p><br /></p><p>In 1999 a lot of people started setting aside nice old clad when the states coins were first issued.&nbsp; These were quarters that still existed as late as &#039;99 like nice XF &#039;70-D&#039;s and AU &#039;74&#039;s.&nbsp; There were probably in excess of 50,000,000 older coins set aside and many of these have come back into circulation now.&nbsp; </p><p><br /></p><p>I say there are no old hoards but of course for every rule there is an exception.&nbsp; But people shouldn&#039;t be left with the impression that there are millions of nice old clad out there always waiting for the economy to turn down or the value of nice old clad to go up.&nbsp; There might be thousands but there most certainly are not millions.&nbsp; </p><p><br /></p><p>End of Rant !</p><p><br /></p><p>:kewl:[/QUOTE]</p><p><br /></p>

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