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Message:: [QUOTE="Conder101, post: 616579, member: 66"]Why does the mint crank out billions more coins every year?  Because if you work the numbers you will find that with a population of 300 million if each person loses, destroys, or hoards on average ONE coin per week, it will consume the Mints ENTIRE annual output. And as for the number of coins the mint has produced since it's beginning, you will find that the very large mintages are a recent thing not extending much further back than your 30 year measurement.  For example the coinage of the 1964 half dollar was greater than the entire output of half dollars from 1794 to 1963.  The 1979 mintage of SBA dollars was close to the combined mintage (less the Pitman act melting) of all of the silver dollars that came before it.  And the mintage of the 2000 Sac was greater than that by almost 100%.  The first year of the President dollars saw almost as many as the 79 SBA's, So 80% of all the "silver" dollars ever made have been made in the last 30 years, 60% in the last nine years.  And as I said, hoard one coin per week and the entire annual mintage disappears.  That's why my question has always been not where do they go, but how come we don't have chronic shortages?[/QUOTE]