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<p>[QUOTE="Beardigger, post: 4585237, member: 104605"]As I understand it, the coin "shortage" is caused by several factors. The West point and San Francisco mints were shut down for awhile due to Covid which impacted the number of coins produced, and put the mint behind schedule of coin production schedules. Both open now, but running at reduced capacity due to covid working guidelines.</p><p>Banks closing lobbies (and access to FREE coin counting machines) seriously hampered people's ability to keep coins circulating.(I know I have a back log of over $2000 I normally would have dumped by now, and i'm small fish in the CRH game). This causes a higher demand for new coins from the fed, which is strained already by lower production.</p><p><br /></p><p>Coin collectors are thinking that 2020 may be the lowest production year for coins since 2009, and hanging on to any 2020's they come across. Some areas seemingly have yet to see 2020 coins in the wild (according to various cointalk threads). While in my area there was a large dump of 2020 Weir Farms quarters, and I'm sitting on $400 dollars worth I have yet to dump (and may decide to keep). I have already dumped another $300 back into circulation.</p><p>The fed has now limited coin shipments to banks based on what they historically have been getting, meaning banks are limiting coin sales to individuals for now.</p><p>You can Google mint production numbers and get production numbers for any year. the figures for 2020 are a stark contrast to the 2019 numbers. Although updated monthly, the figures do not show any production figures for the Weir Farms or Salt River Bay quarters yet.</p><p><br /></p><p><a href="https://www.usmint.gov/about/production-sales-figures/circulating-coins-production?program=Circulating+Coins&+50StateQuartersyears=&+WestwardJourneyNickelSeries%E2%84%A2years=&+PresidentialOneDollaryears=&+DistrictofColumbiaandUSTerritoriesQuartersyears=&+AmericatheBeautifulQuarters%C2%AEyears=&+CirculatingCoinsyears=1022" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.usmint.gov/about/production-sales-figures/circulating-coins-production?program=Circulating+Coins&+50StateQuartersyears=&+WestwardJourneyNickelSeries%E2%84%A2years=&+PresidentialOneDollaryears=&+DistrictofColumbiaandUSTerritoriesQuartersyears=&+AmericatheBeautifulQuarters%C2%AEyears=&+CirculatingCoinsyears=1022" rel="nofollow">https://www.usmint.gov/about/production-sales-figures/circulating-coins-production?program=Circulating+Coins&+50StateQuartersyears=&+WestwardJourneyNickelSeries™years=&+PresidentialOneDollaryears=&+DistrictofColumbiaandUSTerritoriesQuartersyears=&+AmericatheBeautifulQuarters®years=&+CirculatingCoinsyears=1022</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Beardigger, post: 4585237, member: 104605"]As I understand it, the coin "shortage" is caused by several factors. The West point and San Francisco mints were shut down for awhile due to Covid which impacted the number of coins produced, and put the mint behind schedule of coin production schedules. Both open now, but running at reduced capacity due to covid working guidelines. Banks closing lobbies (and access to FREE coin counting machines) seriously hampered people's ability to keep coins circulating.(I know I have a back log of over $2000 I normally would have dumped by now, and i'm small fish in the CRH game). This causes a higher demand for new coins from the fed, which is strained already by lower production. Coin collectors are thinking that 2020 may be the lowest production year for coins since 2009, and hanging on to any 2020's they come across. Some areas seemingly have yet to see 2020 coins in the wild (according to various cointalk threads). While in my area there was a large dump of 2020 Weir Farms quarters, and I'm sitting on $400 dollars worth I have yet to dump (and may decide to keep). I have already dumped another $300 back into circulation. The fed has now limited coin shipments to banks based on what they historically have been getting, meaning banks are limiting coin sales to individuals for now. You can Google mint production numbers and get production numbers for any year. the figures for 2020 are a stark contrast to the 2019 numbers. Although updated monthly, the figures do not show any production figures for the Weir Farms or Salt River Bay quarters yet. [URL]https://www.usmint.gov/about/production-sales-figures/circulating-coins-production?program=Circulating+Coins&+50StateQuartersyears=&+WestwardJourneyNickelSeries%E2%84%A2years=&+PresidentialOneDollaryears=&+DistrictofColumbiaandUSTerritoriesQuartersyears=&+AmericatheBeautifulQuarters%C2%AEyears=&+CirculatingCoinsyears=1022[/URL][/QUOTE]
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