Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Where are all the circulating coins made in the last 30-40 years ?
>
Reply to Thread
Message:
<p>[QUOTE="softmentor, post: 1466234, member: 10469"]Well, there are over 4 million retail businesses in the US, many of those have a lot more than one location. Each has at least one cash drawer, most have more than one, and all have coin.<br>Imagine Mcd's alone, 8 cash drawers and lots in the safe to bring out. I'm guessing here, but they could easily have over 10,000 coins on hand at any one time just for daily business. coin laundries, arcades,&nbsp; others probably have at least 10 times that. There's coin counting machines in the markets, vending machines, public transportation ...<br>There are over 7000 banks and S and L and other financial institutions with huge amounts of change (LOTS of boxes) could easily average half a million coins each. 7,000 x 500,000 = 3,500,000,000 just sitting in banks on any given day.<br>and there are over 300,000 people in the US, almost all of whom have a hand full of change in a pocket, purse, car, and many of whom have a bucket or jar or bowl full. Statistically the average person handles $800 in spare change per year.<br>it adds up.<br>And the population grows every year, that means more banks, stores, and everything else every year. cha ching<br>and of course there ARE those COLLECTORS!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /> <br>[/QUOTE]</p><p><br /></p>
[QUOTE="softmentor, post: 1466234, member: 10469"]Well, there are over 4 million retail businesses in the US, many of those have a lot more than one location. Each has at least one cash drawer, most have more than one, and all have coin.<br>Imagine Mcd's alone, 8 cash drawers and lots in the safe to bring out. I'm guessing here, but they could easily have over 10,000 coins on hand at any one time just for daily business. coin laundries, arcades, others probably have at least 10 times that. There's coin counting machines in the markets, vending machines, public transportation ...<br>There are over 7000 banks and S and L and other financial institutions with huge amounts of change (LOTS of boxes) could easily average half a million coins each. 7,000 x 500,000 = 3,500,000,000 just sitting in banks on any given day.<br>and there are over 300,000 people in the US, almost all of whom have a hand full of change in a pocket, purse, car, and many of whom have a bucket or jar or bowl full. Statistically the average person handles $800 in spare change per year.<br>it adds up.<br>And the population grows every year, that means more banks, stores, and everything else every year. cha ching<br>and of course there ARE those COLLECTORS!! :p <br>[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Where are all the circulating coins made in the last 30-40 years ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...