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US Mint or FR releasing coins they have held for years?
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<p>[QUOTE="GDJMSP, post: 1830720, member: 112"]Correct.</p><p><br /></p><p><br /></p><p><br /></p><p>It's pretty simple. The mint only produces coins that were ordered by the Fed (Federal Reserve) the previous year. Or when required by a specific law to produce them. And they only issue coins they have produced when and if the Fed ask for them. If the Fed doesn't ask for any, then the coins sit in the mints vaults until they are asked for.</p><p> </p><p><br /></p><p><br /></p><p>Again it's simple. It means that the Fed has asked for the coins, and the Fed has distributed those coins to member banks, who then distribute those coins to regional banks who have asked for them. The key is, if the regional banks don't ask for the coins, then the Fed doesn't ask for any from the mint. And the regional banks will only ask for the coins when enough of their customers have asked for the coins.</p><p><br /></p><p><br /></p><p><br /></p><p>Don't know, but I suspect for the same reasons I described above.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1830720, member: 112"]Correct. It's pretty simple. The mint only produces coins that were ordered by the Fed (Federal Reserve) the previous year. Or when required by a specific law to produce them. And they only issue coins they have produced when and if the Fed ask for them. If the Fed doesn't ask for any, then the coins sit in the mints vaults until they are asked for. Again it's simple. It means that the Fed has asked for the coins, and the Fed has distributed those coins to member banks, who then distribute those coins to regional banks who have asked for them. The key is, if the regional banks don't ask for the coins, then the Fed doesn't ask for any from the mint. And the regional banks will only ask for the coins when enough of their customers have asked for the coins. Don't know, but I suspect for the same reasons I described above.[/QUOTE]
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