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<p>[QUOTE="Conder101, post: 1282202, member: 66"]I once wrote an article looking at it from the other point of view, "Where are all these coins coming from". My point was that it was so surprising that coins for change were so available.</p><p><br /></p><p>From all appearances we know that most people do not like carrying coins around with them. So most people have a change drawer, can, bucket whatever that they toss their change into at the end of the day. Now do the math.</p><p><br /></p><p>If there are 350 million people in this country and the average household size is four people that is 87.5 million households.</p><p><br /></p><p>If each household manages to lose, hoard, destroy, whatever ONE coin per week that is a loss of 87.5 MILLION coins each week.</p><p><br /></p><p>With 52 weeks in a year that amounts to 4.55 BILLION coins per year or pretty much the entire annual production of the mint. And that is at a loss rate of just one coin per household per week! How many of you toss aside just one coin per week? And what if each person in that household tossed back one coin per week? It would consume four times the mints annual coin production.</p><p><br /></p><p>And what about collectors who stash coins away by the roll? You put back ONE roll of cents, and that is your households "coin allowance" for an entire year!</p><p><br /></p><p>Since the mints entire annual production can be consumed with such a tiny hoarding rate it brings me back to the question Why is it so easy to get change?[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1282202, member: 66"]I once wrote an article looking at it from the other point of view, "Where are all these coins coming from". My point was that it was so surprising that coins for change were so available. From all appearances we know that most people do not like carrying coins around with them. So most people have a change drawer, can, bucket whatever that they toss their change into at the end of the day. Now do the math. If there are 350 million people in this country and the average household size is four people that is 87.5 million households. If each household manages to lose, hoard, destroy, whatever ONE coin per week that is a loss of 87.5 MILLION coins each week. With 52 weeks in a year that amounts to 4.55 BILLION coins per year or pretty much the entire annual production of the mint. And that is at a loss rate of just one coin per household per week! How many of you toss aside just one coin per week? And what if each person in that household tossed back one coin per week? It would consume four times the mints annual coin production. And what about collectors who stash coins away by the roll? You put back ONE roll of cents, and that is your households "coin allowance" for an entire year! Since the mints entire annual production can be consumed with such a tiny hoarding rate it brings me back to the question Why is it so easy to get change?[/QUOTE]
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