Message:

<p>[QUOTE=&quot;GDJMSP, post: 1281473, member: 112&quot;]Be that as it may, he is correct. There are a huge number of coins of all denominations lost to attrition every year. Attrition covers everything from just plain getting lost whether that be in furniture cushions, out in the yard, a parking lot, in a river, stream, lake or other body of water, in house fires, vehicle fires, and commercial bldg fires. Then you have huge number that lay around in fountains and wishing wells all over the country.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>And don&#039;t forget the change jar and kid&#039;s piggy banks. Just about every home there is in America has at least 1 of them and often both. Most people tend to save change for years before every cashing it in.</p><p><br /></p><p><br /></p><p><br /></p><p>More than you would think. But in the large scheme of things the number is small compared to all other reason for a coin being removed, even if temporarily, from circulation.</p><p><br /></p><p>And circulation is where the vast majority of all coins are at any given time. Every bank and credit union, every store of every kind, all businesses, - all of them combined have a huge number of coins in their hands at any given moment. And then there are all the coins that are in transit at any given moment, being shipped from a store or business to the bank, from one bank to another, from a bank to the Fed, and from the Fed to a bank (via an armored car company). One way or another there are millions of dollars worth of coins simply in transit every day. Yeah they go back into circulation, but they are replaced the next day by millions more.</p><p><br /></p><p>And yes, even coin collectors have an impact. How many rolls of State Quarters do you suppose all the collectors combined have sitting around their homes ? Or rolls of cents, or nickels, or dimes ? The number of coins sitting around in rolls is in the millions if not billions.</p><p><br /></p><p>When you add all these things up, it&#039;s a wonder they don&#039;t have to produce more than they do.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in