Mintage And Lifespan Of Coins

If coins last 30 to 50 years than why do we need to make billions of them every year, they end up just sitting in jars around the house.

 

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If they don't, Meow will eventually hoard them all, and they will run out.

 

Do the math. If there are 60 billion quarters in circulation and they last only 30 years then about 3% are lost each year and a couple billion are needed just to replace this loss.

Total demand fluctuates over time as usage expands and contracts. During good times more quarters get left in change jars for longer periods.

 

They are under the seats of cars?

 

Oh, Meow once visited a car junk yard, and pretty much ever single wreck had some amount of coinage. So Meow bought a heater core, and left with that, along with a big pawful of coins.

 

TEll them you looking for the rite one, when you leave and your pants are falling down, they will be like,, Hey, hold it!!!

 

No, that's what ashtrays are for now!

 

Oh yes, but cars of late don't have them. The cupholder in Meow's Stang has a bunch of coins in it since there is no ashtray. Meow's Lightning's cupholder was also overflowing with change. The L even came with a coin dispenser in the center console. So cars and coins always seem to find a way to be together.

 

Some coins go into circulation accidentally long after they were minted. I have two incidents of that happening that I can remember:

1) 2 years ago I found a XF Indian Head penny in my pocket change. I think the date was 1866. Since I don't collect modern coins, I gave the coin to a child in my son's cub scout troop who collects modern coins. For an Indian Head penny in great condition to be in circulation in 2017, it must have been put back into circulation by accident or ignorance.

2) A former girlfriend looking for change for the tolls once grabbed an 1865 3 cent piece from my desk and threw it in the machine at a toll booth. I found out about it after the fact when I couldn't find my coin and I asked her about it. She said she thought it was 10 cents. She was an ex soon after that , but to be fair that's not why we broke up. That was about 10 years ago when I still collected modern coins.

 

You all are forgetting the house remodeling. We've seen the photos of making chairs, a new floor or a toilet seat made of Cents.

 

So meowthekitty, the big “Paw Full” of coins you (took) from the junk yard cars cost you (How Much)

 

They have to make them BECAUSE they are just sitting around in jars. Especially cents. Todays coins have such low purchasing power that it is not worth peoples effort to carry them and use them. A dime back in the early sixties had the purchasing power of nearly $1.50 today. If the dimes in your pocket were worth $1.50 instead would you just toss them in a jar and not use them? Today most people probably end their day with one to two dollars in change in their pocket. If it suddenly was equal to $15 to $30 would you toss them aside and forget about them?

 

Remember also that there were years where the US didn't make certain denominations of coins. Was there a year that there were no coins made in the US at all?

 

Due to a fire at the mint in 1816 only cents were produced.

 

Only cents RIGHT? Nickels MAYBE

 

Mine fall between front seats and lost forever

 

Lol

 

Your car has an ashtray. Wow i hear these new cars come with heat and stuff. I hear power windows too. The bus has none of that stuff. I can only dream