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<p>[QUOTE="gxseries, post: 2321941, member: 4373"]There should also be another point made which is unique with US coinage. </p><p><br /></p><p>Compared to the rest of the major world mints, the largest effective denomination workforce for commerce is the quarter. Yes I know you can say the US mint does issue half and dollar coins but the mintage is absurdly low compared to the rest of the other coins. </p><p><br /></p><p>If you compare it to Canada, Australia - it's 2 dollars, Euro - 2 euros, Japan - 500 yen, Swiss - 5 franc, UK - 2 pound etc. You get the message, other mints worldwide also do face similar challenges when minting smaller denomination coins and they are often money losing events. The production cost of these coins are offset by minting larger denomination coins. As such, there is a need for US mint to strike an absurd amount of quarters. </p><p><br /></p><p>Sometimes you might think the quarter program might be taking it too far but if you are a mint director and you are faced with the situation that half dollars and dollar coins are just not too widely accepted by the public - what would you do to offset the production cost? Changing metal composition is not an ideal situation as the vending machine industry will complain about the cost. Coin collectors are upset that collectible coins are getting too expensive. To me, I like to see the quarter program as an positive step for the mint.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 2321941, member: 4373"]There should also be another point made which is unique with US coinage. Compared to the rest of the major world mints, the largest effective denomination workforce for commerce is the quarter. Yes I know you can say the US mint does issue half and dollar coins but the mintage is absurdly low compared to the rest of the other coins. If you compare it to Canada, Australia - it's 2 dollars, Euro - 2 euros, Japan - 500 yen, Swiss - 5 franc, UK - 2 pound etc. You get the message, other mints worldwide also do face similar challenges when minting smaller denomination coins and they are often money losing events. The production cost of these coins are offset by minting larger denomination coins. As such, there is a need for US mint to strike an absurd amount of quarters. Sometimes you might think the quarter program might be taking it too far but if you are a mint director and you are faced with the situation that half dollars and dollar coins are just not too widely accepted by the public - what would you do to offset the production cost? Changing metal composition is not an ideal situation as the vending machine industry will complain about the cost. Coin collectors are upset that collectible coins are getting too expensive. To me, I like to see the quarter program as an positive step for the mint.[/QUOTE]
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