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Where are all the circulating coins made in the last 30-40 years ?
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<p>[QUOTE="cladking, post: 1467813, member: 68"]The coins are gone. They are not sitting idle anywhere. It's true that cents often sit idle for decades and this is why you see lots of AU's all the way back to the early '70's and from before 1965 and to a lesser extent this applies to nickels. But when was the last time you saw a nice attractive XF 1971 nickel? It was likely about 20 years ago because even nickels don't sit idle often or for very long. But the dimes and quarters almost never sit for more than three years and usually in government storage. But the government rotates their stocks so those in storage the longest are sent back out first. </p><p><br /></p><p>This is why you won't find nice AU 1968 quarters. If coins really were getting set aside for long periods then a few coins would have spent most of their time in storage like the old coins used to but this no longer happens except in a very few very isolated cases. </p><p><br /></p><p>There is a steady attrition of coins as they are inadvertantly destroyed or lost. These coins are gone forever in almost every single case. They get sucked up by vacuums or recycled with old cars. Already around half the old clad is gone and won't be back. Virtually ALL the rest of the clad is in typical condition in circulation. Only the tiniest percentage is in coin collections as can be seen by the lack of these coins coming into coin shops. A coin dealer will see a hundred silver Roosevelt dime collections for each clad one he sees because that's about the percentage in existence.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1467813, member: 68"]The coins are gone. They are not sitting idle anywhere. It's true that cents often sit idle for decades and this is why you see lots of AU's all the way back to the early '70's and from before 1965 and to a lesser extent this applies to nickels. But when was the last time you saw a nice attractive XF 1971 nickel? It was likely about 20 years ago because even nickels don't sit idle often or for very long. But the dimes and quarters almost never sit for more than three years and usually in government storage. But the government rotates their stocks so those in storage the longest are sent back out first. This is why you won't find nice AU 1968 quarters. If coins really were getting set aside for long periods then a few coins would have spent most of their time in storage like the old coins used to but this no longer happens except in a very few very isolated cases. There is a steady attrition of coins as they are inadvertantly destroyed or lost. These coins are gone forever in almost every single case. They get sucked up by vacuums or recycled with old cars. Already around half the old clad is gone and won't be back. Virtually ALL the rest of the clad is in typical condition in circulation. Only the tiniest percentage is in coin collections as can be seen by the lack of these coins coming into coin shops. A coin dealer will see a hundred silver Roosevelt dime collections for each clad one he sees because that's about the percentage in existence.[/QUOTE]
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Where are all the circulating coins made in the last 30-40 years ?
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