my projection my projection for future is that the production for prez & sac dollars will be lower and lower unless the one dollar paper note stop printing.
if approve: new law require 20% sac dollar new law require 20% sac dollar of all dollar produce within a year. (if approve) my new estimate production for 2007 sac dollar; President---------Denver-------- Philadelphia---------Total Washington---163,680,000----176,680,000----340,360,000-----final production John Adams---112,140,000----112,420,000----224,560,000-----final production T. Jefferson---102,810,000 ---100,800,000--- 203,610,000----- final production J. Madison----- 90,000,000 -----90,000,000--- 180,000,000-----production end september Sacagawea--- 118,600,000 --- 118,600,000--- 237,200,000-----production end nov or dec
My guess is that atleast a few presidents are going to end up being mint and proof set only issues. Otherwise, if they keep the current rate up the treasury is literaly to have a stockpile of billions of the things by the end of the program.
I'm guessing an even more serious revision. With 2009 coming up, I really think the zinc/copper cent is gone and even though the price of raw nickel is falling through the floorboards, it still has a melt value of something like 6.5 cents. The government can't keep producing coins that cost more than their value!!! I guess where I'm going is that I wouldn't be surprised to see a sweeping change of US coin policies maybe starting in 2009. The Cent. The Nickel. the Zillions of Sacs. The Dead Prez's that no one is using. The Kennedy Halves Maybe someone will wake up? I'm hoping the Lincoln thing will bring this ridiculous stuff to the forefront.
The 20% change is part of the law calling for new reverses for the Sackie. Even if it passes before the end of the year it would be starting in 2008.
i wonder....... maybe the mint releasing millions of circulated sac and susie were considered part of the ratio against the prez dollars. anyone....
Big Surprise Coming! Maybe. The Mint is in the business to make money! They have been looking through there inventories to see what they have to make more money from. It is very possible that they could sell some stuff in the inventories that will affect the going price for some coins. Does it pay Gold coins when your out of work? Naaaaaaa!
They have already asked for permission to change the composition of the cent and nickel. I expect it will be approved and we'll see those coins in new metals by next year.
nickel falls jefferson nickel downed again to only $0.0613 each. recent high at $0.10 each. nickel downed somewhere at 40%.
latest figures 2007 jefferson nickels: (P) 490,560,000, (D) 558,000,000 as of sept.30 2007 james madison dollars: (P) 30,660,000. (D) 87,780,000 as of sept.30 2007 sacagawea dollars: (P) 3,640,000, (D) 3,920,000, total 7,560,000 as of sept. 30 only 2,815,750 bought by collectors as rolls and bags. note: most likely we will have 10 year series for both prez and spouses ended year 2016. by 2017, we might not able to have another four dead prez and spouses. well, ten years is enough. i wish the quarters will also end ten years. and let's think of another ten years series for half dollars, dimes or cents. and hopefully by that time. we will also have new $2 and $5 coins.
With a decimal system like ours - you cannot get rid of the cent. Not only would the idea be unpopular, but would really require a change in our monitary system. But the mint should make it smaller, and use copper plated steel or some other metal combo to make it cheaper.
latest figures - as of oct 31,2007 2007 james madison dollar - 78,330,000 (P), 96,190,000 (D) 2007 jefferson nickel - 523,680,000 (P), 591,600,000 (D) 2007 wyoming quarter - 243,600,000 (P), 320,800,000 (D) final 2007 am eagle gold unc one oz - 120,000, 1/2 oz - 36,000, 1/4 oz - 16,000, 1/10 oz - 145,000 2007 am eagle silver unc one oz - 7,162,500 2007 am eagle gold unc (w) one oz - 17,493, 1/2 oz - 10,310, 1/4 oz - 11,434, 1/10 oz - 20,659 2007 am eagle silver unc (w) one oz - 531,246 2007 am eagle silver proof one oz - 710,837
latest production there were 84,560,000 (P) madision unc. dollar and 89,600,000 (d) madision unc. dollar. (not final) there were 571,680,000 ( P) jefferson unc nickel and 626,680,000 (d) jefferson unc. nickel (not final) there were 243,600,000 (P) wyoming unc. quarter and 320,800,000 (d) wyoming unc. quarter (final) there were 213,800,000 (P) utah unc. quarter and 234,400,000 (d) utah unc. quarter ( not final)
Why not? Countries with decimal systems like ours all over the world have gotten rid of their cent equivilent coins. Sure it will be unpopular, but sometimes you have to do something that is unpopular. That's one of the problems in Washington. They are always taking polls to see what is popular and then trying to do what will be popular rather than must or should be done. The cent should have been retired long ago. The dollar note should have been retired long ago. But neither one would be "popular" even though neither one would really have had any adverse consequences.
It seems the US saves alot of money using dollars coins over paper bills. I think the coins need a better way to be carried to make them more user friendly. Perhaps a hole to attach them to a special coin holder. Or at least a nifty pocket carrier that dispenses( & counts) the coins easily. Some type of "dollar collar".
How many dollar coins are you carrying? I have 3-4 in my pocket and they are not more trouble than any other coins. Weigh a lot less than 3-4 dollars in quarters.