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<p>[QUOTE=&quot;cladking, post: 3093892, member: 68&quot;]You speak as though coins are just sitting around waiting to be cashed in.&nbsp; Coins have never sat around much except back before 1972 and the FED switched to FIFO accounting.&nbsp; In those days coins often got stuck in the backs of warehouses for decades.&nbsp; This simply doesn&#039;t happen any longer and all the coins are in circulation and subject to wear, tear, and loss.&nbsp; You can prove this to yourself very easily.&nbsp; Just get a handful of a single older date coin and compare the grades.&nbsp; With coins that aren&#039;t wearing out and aren&#039;t circulating like pennies there will be a wide range of grades from VG to BU.&nbsp; Lucky coins escape circulation for long periods while a few do all the work.&nbsp; But this certainly isn&#039;t true for quarters.&nbsp; Virtually every single 1977 quarter will show a very similar amount of wear.&nbsp; They&#039;ll range from what I call VG+ to VF- while a coin that doesn&#039;t circulate like the &#039;76 bicentennial&nbsp; will range from F to Unc.&nbsp; Circulating coins exist within a very narrow grade range because of FIFO accounting.</p><p><br /></p><p>Circulation is hard on coins.&nbsp; Even individuals who don&#039;t use coins much tend to have a few around the house and they are subject to wear tear and loss.&nbsp; Cars on average have 6 quarters in them when they are scrapped.&nbsp; Only a couple of these will be retrieved and they are often damage by shredders or crushers.&nbsp;&nbsp; That&#039;s some 40,000,000 quarters a year just in recycled cars.&nbsp;&nbsp; Many of the rest are simply lost or accidently put in the garbage stream by myriad processes often involving vacuum cleaners.&nbsp; </p><p><br /></p><p>Look at a handful of change; Now days you&#039;ll see nearly two thirds are state quarters.&nbsp; The old quarters are simply being lost or destroyed and every time one is it must be replaced by a spanking new parks quarter.&nbsp;&nbsp; Hence a mintage of at least 1 1/2 billion just to tread water.[/QUOTE]</p><p><br /></p>

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