Message:

<p>[QUOTE=&quot;GDJMSP, post: 1848587, member: 112&quot;]The US Mint and the Federal Reserve are two different entities. And the Fed only has coins struck for circulation in their vaults. They have no collector coins at all, never do, and that&#039;s what the OP was asking about, collector coins. Also, the Fed always has large numbers of coins in their vaults, they have to, because that&#039;s the only way they can they can service the banks. And those coins are going out (from the Fed) to the banks all the time, and they are replaced by new coins delivered from the mint all the time. Over the course of a year all of the coins in the Fed&#039;s vaults are sent out and replaced by new ones.</p><p><br /></p><p>The one exception is the dollar coins. No more are ever ordered by the Fed and the billion they have may well sit there forever.</p><p><br /></p><p>Every year, the Fed places an order with the mint for the number of coins and in the denominations that the Fed anticipates it will need for circulation the following year. That order is what determines how many coins for circulation that the mint will produce that following year.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I rather think it depends on who you are talking to at the mint to answer that question as to what they know or don&#039;t know. Every year when the mint is putting together their production schedule for the following year they determine how many and what coins they will be producing at any given time during that following year. And when it comes to collector coins they produce them in one of two ways. They either follow the mintage limits set by the law that ordered the coins minted, like with commems and such. Or they produce them based on anticipated and estimated orders from the public, in other words it&#039;s a guess. But they do this a year in advance and they set their schedule for given presses to be producing given coins during a given time frame and in given numbers.</p><p><br /></p><p>So that doubling your asking about, the plan to do that was set in place last year. They are merely following the established plan.</p><p><br /></p><p>As to what happens to left over collector coins that do not get sold to the public, it depends on what the coins are. Unsold commems and bullion coins are typically destroyed before the following year&#039;s coins can go on sale. That is determined by law. Unsold Proof Sets and Mint Sets used to be destroyed, but in recent years the mint has changed their policy and they sometimes hang on to those for a while and offer them up for sale in specials. Unsold collector coins like rolls or bags of halves and quarters, those may be destroyed or saved for later sale in specials. And I suspect that decision is made at the whim of some administrator.</p><p><br /></p><p>Bottom line, all of this is done by the mint trying to anticipate or guess in advance the orders made by the public.[/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