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="Conder101, post: 1467295, member: 66"]You would be surprised how few coins being tossed aside into drawers, jars etc or just lost it takes to remove ALL of the coins from circulation. The population of the US is roughly 300,000,000 people. If you assume there is an average of four people per household that is 75,000,000 households. Now if each of those households on average tosses a SINGLE coin into a jar, or loses it, or destroys it on average each WEEK what does that do? Would you believe that will remove 3.9 BILLION coins from circulation per year. Now think about this, is that figure of one coin per week really a reasonable estimate? Or is it probably VERY low? One coin per household works out to one coin per person per month. The entire annual output of the mint only amounts to about 15 coins or so per person per year. At that rate it doesn't take much tossing aside of coins to remove the entire annual production from circulation.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1467295, member: 66"]You would be surprised how few coins being tossed aside into drawers, jars etc or just lost it takes to remove ALL of the coins from circulation. The population of the US is roughly 300,000,000 people. If you assume there is an average of four people per household that is 75,000,000 households. Now if each of those households on average tosses a SINGLE coin into a jar, or loses it, or destroys it on average each WEEK what does that do? Would you believe that will remove 3.9 BILLION coins from circulation per year. Now think about this, is that figure of one coin per week really a reasonable estimate? Or is it probably VERY low? One coin per household works out to one coin per person per month. The entire annual output of the mint only amounts to about 15 coins or so per person per year. At that rate it doesn't take much tossing aside of coins to remove the entire annual production from circulation.[/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...