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Value for a Lincoln Memorial cent OFF CENTER error?
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<p>[QUOTE="Collecting Nut, post: 24769076, member: 74863"]Basically the mint manufactures the coins and into the ballistic bags they go. $4000 in cents or 400,000 and for quarters it’s 200,000 or $50,000 per bag. Federal Reserve Banks order from the mint. Then companies like Brinks place the coins in rolls and they are in turn sold to banks. </p><p><br /></p><p>The US Mint produces more than 20 billion circulation coins every year. The mint is the production facility for coins, not the facility for placing coins in circulation. Most of the circulation coins are produced by the mints in Denver and Philadelphia. Coins are sold by the mint to the Federal Reserve at face value. </p><p><br /></p><p>New coins account for less than 20% of all coins in circulation. The average lifespan of any coin is about 30 years. This is just touching the surface but it should provide a decent idea of what happens with them.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 24769076, member: 74863"]Basically the mint manufactures the coins and into the ballistic bags they go. $4000 in cents or 400,000 and for quarters it’s 200,000 or $50,000 per bag. Federal Reserve Banks order from the mint. Then companies like Brinks place the coins in rolls and they are in turn sold to banks. The US Mint produces more than 20 billion circulation coins every year. The mint is the production facility for coins, not the facility for placing coins in circulation. Most of the circulation coins are produced by the mints in Denver and Philadelphia. Coins are sold by the mint to the Federal Reserve at face value. New coins account for less than 20% of all coins in circulation. The average lifespan of any coin is about 30 years. This is just touching the surface but it should provide a decent idea of what happens with them.[/QUOTE]
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Value for a Lincoln Memorial cent OFF CENTER error?
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