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Is there really another a coin shortage
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<p>[QUOTE="GDJMSP, post: 8017365, member: 112"]But do you know what "supply chain" they are referring to ? It's really simple, the 'supply chain" is all the coins that public is not spending.</p><p><br /></p><p>The way it works is like this. Yes, every year the Federal Reserve tells the mint, in advance, how many and what denominations of coins they are going to need the following year from the mint. That's how the mint knows how many coins and in what denominations they are going to need to mint that coming year.</p><p><br /></p><p>But, the number of coins the Fed gets from the mint each year, is but a tiny fraction of the number of coins that are circulated and recirculated that the Fed gets from the public ! A tiny fraction of them !</p><p><br /></p><p>The vast majority of all coins used in commerce come from previous years of issue that the public returns to the their own banks who in turn returns them to the Fed on weekly and sometimes daily basis.</p><p><br /></p><p>But if the public, and public is defined as being all the businesses as well as individuals, isn't spending coins, then all those coins are NOT in the "supply chain". And that's precisely where the "supply chain" disruption is - with the public ! The public IS the primary supply chain for coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 8017365, member: 112"]But do you know what "supply chain" they are referring to ? It's really simple, the 'supply chain" is all the coins that public is not spending. The way it works is like this. Yes, every year the Federal Reserve tells the mint, in advance, how many and what denominations of coins they are going to need the following year from the mint. That's how the mint knows how many coins and in what denominations they are going to need to mint that coming year. But, the number of coins the Fed gets from the mint each year, is but a tiny fraction of the number of coins that are circulated and recirculated that the Fed gets from the public ! A tiny fraction of them ! The vast majority of all coins used in commerce come from previous years of issue that the public returns to the their own banks who in turn returns them to the Fed on weekly and sometimes daily basis. But if the public, and public is defined as being all the businesses as well as individuals, isn't spending coins, then all those coins are NOT in the "supply chain". And that's precisely where the "supply chain" disruption is - with the public ! The public IS the primary supply chain for coins.[/QUOTE]
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