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<p>[QUOTE="Conder101, post: 3148591, member: 66"]Since the new dollar coins aren't for circulation their mintages will also be relatively low, but still high enough that everyone that wants one will be able to have it. 4 - 5 million coins for each one.</p><p><br /></p><p><br /></p><p>My estimate is closer to 20 years. Stockpile drawdown is somewhere around 6 million coins a month. At that rate they will be gone in about 20 years. And the CNN article was from 5 years ago, the reason more coins came back in than were distributed in the previous year was because they were all the coins that had been shipped out to people buying boxes to get their 2% cash back or frequent flyer miles.</p><p><br /></p><p><br /></p><p>And what finally caused them to catch on? They stopped the £1 notes.</p><p><br /></p><p><br /></p><p>Yes they are horrible. You notice there is nothing to tell people WHY George Washington's signature is on the coin. Why he is considered an "American Innovator". Makes the coin meaningless. And no the "reverse" design is not a placeholder. If you check the legislation it pretty much specifies that the OBVERSE design is the same as the reverse of the Presidential dollar. Statue of Liberty $1 and In God We Trust.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3148591, member: 66"]Since the new dollar coins aren't for circulation their mintages will also be relatively low, but still high enough that everyone that wants one will be able to have it. 4 - 5 million coins for each one. My estimate is closer to 20 years. Stockpile drawdown is somewhere around 6 million coins a month. At that rate they will be gone in about 20 years. And the CNN article was from 5 years ago, the reason more coins came back in than were distributed in the previous year was because they were all the coins that had been shipped out to people buying boxes to get their 2% cash back or frequent flyer miles. And what finally caused them to catch on? They stopped the £1 notes. Yes they are horrible. You notice there is nothing to tell people WHY George Washington's signature is on the coin. Why he is considered an "American Innovator". Makes the coin meaningless. And no the "reverse" design is not a placeholder. If you check the legislation it pretty much specifies that the OBVERSE design is the same as the reverse of the Presidential dollar. Statue of Liberty $1 and In God We Trust.[/QUOTE]
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