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Ever wonder what happens to unsold U.S. Mint products?
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<p>[QUOTE="GDJMSP, post: 1344670, member: 112"]When they mint coins they don't just mint an entire mintage at one time. They mint what they think they can sell, and then mint more as orders come in. But they often do end up with leftovers. And then there's returns. That's for numismatic items of course. And they don't end up with as many leftovers as a lot of people think. Read the Annual Reports every year and you get a fair idea of how many leftovers they have had that year.</p><p><br /></p><p>With production coins, coins for circulation, they base their numbers on the orders placed by the Fed the prior year. The Fed determines what those orders will be based on the call-outs they get from the banks. If the Fed ends up with too many coins of a particular denomination left over, the orders for that denomination are decreased the next year. If they end up with not enough, they increase the order the next year. That's why mintages vary so much.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1344670, member: 112"]When they mint coins they don't just mint an entire mintage at one time. They mint what they think they can sell, and then mint more as orders come in. But they often do end up with leftovers. And then there's returns. That's for numismatic items of course. And they don't end up with as many leftovers as a lot of people think. Read the Annual Reports every year and you get a fair idea of how many leftovers they have had that year. With production coins, coins for circulation, they base their numbers on the orders placed by the Fed the prior year. The Fed determines what those orders will be based on the call-outs they get from the banks. If the Fed ends up with too many coins of a particular denomination left over, the orders for that denomination are decreased the next year. If they end up with not enough, they increase the order the next year. That's why mintages vary so much.[/QUOTE]
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