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<p>[QUOTE="Troodon, post: 25888831, member: 4626"]I don't know <i>specifically</i> why 2024 has low production numbers, but in general when there's an economic downturn, people tend to take the change they already have and start cashing it in, depositing it, or directly spending it. This reduces the demand banks have for coinage, and the Mint responds by reducing its production numbers. The last time this happened to a significant degree was in 2009, which is why nickels and dimes were produced in quite low numbers that year (because people were collecting the Lincoln bicentennial pennies, DC & territorial quarters, and the new Native American dollars, those coins didn't have as much of an absolute drop in mintage numbers).</p><p><br /></p><p>I'm not sure if the same thing is going on this year, another possible explanation is a supply issue, either of raw materials to mint the coins from or shipping capacity shipping them out and distributing them. Inflation and cost of living might explain more people spending their coins which could explain a reduced demand for more minted coins, thus lower mintages. It might be a year or two before we can actually fully confirm what the deal with 2024 is. But... 2024 pennies, nickels, and dimes might be worth holding on to. (Maybe quarters too to a lesser extent, but a lot of people are trying to collect the AWQs, so they might not be as low as the other coins.) Now... reduced mintage still means they will probably be minted into the millions, but they could be a conditional rarity several years down the road (millions is still less than billions lol). The more the lower minted coins have to serve circulation, the less in decent uncirculated (or at least AU) condition will be around when people are trying to fill their albums in a few years.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 25888831, member: 4626"]I don't know [I]specifically[/I] why 2024 has low production numbers, but in general when there's an economic downturn, people tend to take the change they already have and start cashing it in, depositing it, or directly spending it. This reduces the demand banks have for coinage, and the Mint responds by reducing its production numbers. The last time this happened to a significant degree was in 2009, which is why nickels and dimes were produced in quite low numbers that year (because people were collecting the Lincoln bicentennial pennies, DC & territorial quarters, and the new Native American dollars, those coins didn't have as much of an absolute drop in mintage numbers). I'm not sure if the same thing is going on this year, another possible explanation is a supply issue, either of raw materials to mint the coins from or shipping capacity shipping them out and distributing them. Inflation and cost of living might explain more people spending their coins which could explain a reduced demand for more minted coins, thus lower mintages. It might be a year or two before we can actually fully confirm what the deal with 2024 is. But... 2024 pennies, nickels, and dimes might be worth holding on to. (Maybe quarters too to a lesser extent, but a lot of people are trying to collect the AWQs, so they might not be as low as the other coins.) Now... reduced mintage still means they will probably be minted into the millions, but they could be a conditional rarity several years down the road (millions is still less than billions lol). The more the lower minted coins have to serve circulation, the less in decent uncirculated (or at least AU) condition will be around when people are trying to fill their albums in a few years.[/QUOTE]
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