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<p>[QUOTE="Long Beard, post: 4313602, member: 108674"]When the mint decided to end silver in 1965 and replace it with a much harder nickel-copper composition I don't think they fully realized at the time how long these last in circulation before being deemed unfit and confined to destruction. Thinking about the whole process involved, I begin to wonder why the mint pumps out hundreds of millions of any given denomination from year to year. In fact, the mintage numbers seem to grow over the years. I would like to believe that the number destroyed, which is recorded, would dictate the number to replace with new strikes based on financial and economic need.</p><p><br /></p><p>To explain what I mean, lets say they destroyed one quarter of an estimated 1.5 billion quarters from the years 1965 to 1998. Leaving out the 1975/76 Bicentennial issue and ending before the Statehood to reduce collector input. That would be 375,000,000 confined to the scrap pile. The average mintage from those years is around 800,000,000. Looking at the average numbers, this is nearly half of what's struck as replacement. Looking at those years, and weighing the collector affect, this appears about right. However, adding in the quarters struck since 1999, averaging around 20,000,000 per year (five designs at 400,000,000 each), the numbers now become unrealistic. Despite the popularity, many are found in circulation mingling with many still from the pre-statehood years. So what am I missing? Why are they striking far more than the economy could ever use?[/QUOTE]</p><p><br /></p>
[QUOTE="Long Beard, post: 4313602, member: 108674"]When the mint decided to end silver in 1965 and replace it with a much harder nickel-copper composition I don't think they fully realized at the time how long these last in circulation before being deemed unfit and confined to destruction. Thinking about the whole process involved, I begin to wonder why the mint pumps out hundreds of millions of any given denomination from year to year. In fact, the mintage numbers seem to grow over the years. I would like to believe that the number destroyed, which is recorded, would dictate the number to replace with new strikes based on financial and economic need. To explain what I mean, lets say they destroyed one quarter of an estimated 1.5 billion quarters from the years 1965 to 1998. Leaving out the 1975/76 Bicentennial issue and ending before the Statehood to reduce collector input. That would be 375,000,000 confined to the scrap pile. The average mintage from those years is around 800,000,000. Looking at the average numbers, this is nearly half of what's struck as replacement. Looking at those years, and weighing the collector affect, this appears about right. However, adding in the quarters struck since 1999, averaging around 20,000,000 per year (five designs at 400,000,000 each), the numbers now become unrealistic. Despite the popularity, many are found in circulation mingling with many still from the pre-statehood years. So what am I missing? Why are they striking far more than the economy could ever use?[/QUOTE]
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