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What if the Mint stopped production for a year?
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<p>[QUOTE="coleguy, post: 366429, member: 9167"]I think Doug is exactly right. The mint makes coins based on demand, not some arbitrary number. If you look at mintage figures based on just the past ten years, the demand has in creased more than %1000, even for the coin some regard as obsolete, the cent. The Federal Reserve orders them based on numbers projected for the coming year. They don't order for coins they still have in storage, which means, for those thinking there are trillions of cents sitting in a huge underground vault somewhere gathering dust, that is not the case. When that becomes the case, then I'd figure it's time to discontinue that particular coinage, or hold off on minting more until they are used up. But, as we all know because of the dollar coins, huge reserves don't seem to sink into supply and demand logic with the government.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 366429, member: 9167"]I think Doug is exactly right. The mint makes coins based on demand, not some arbitrary number. If you look at mintage figures based on just the past ten years, the demand has in creased more than %1000, even for the coin some regard as obsolete, the cent. The Federal Reserve orders them based on numbers projected for the coming year. They don't order for coins they still have in storage, which means, for those thinking there are trillions of cents sitting in a huge underground vault somewhere gathering dust, that is not the case. When that becomes the case, then I'd figure it's time to discontinue that particular coinage, or hold off on minting more until they are used up. But, as we all know because of the dollar coins, huge reserves don't seem to sink into supply and demand logic with the government. Guy~[/QUOTE]
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