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<p>[QUOTE="Conder101, post: 2467831, member: 66"]At the time the law was passed our coins were still made of gold and silver and there was still a need for the accountability provided by the use of dates and mintmarks. Today they are not needed but remain because one the law has never been repealed, and two simple tradition.</p><p><br /></p><p><br /></p><p>Since dies wear out and have to be replaced anyway the only saving on die expense would be for the new creation of a single master hub for each denomination each year. Well a few more now because they now create a master hub for each denomination for each mint. So call it 16 hubs a year. Total savings about $5,000. And the master hubs wear out too so they'd have to be replaced about every 5 years so you would save maybe $20K over each 5 year period. BUT! They are always working/tweaking relief and other features to improve striking qualities, so most likely that master hub would still be changed at least every year or two. So your savings drops back down to the $5K to $10 range over each five year period.</p><p><br /></p><p>So in any case there really isn't any great savings from not changing the date each year.</p><p><br /></p><p>Now lets consider something else. Without that yearly date change you can kiss goodby the annual sales of mint and proof sets. After all why buy a set each year when you can't tell one years set from another? The income loss from that will GREATLY exceed any savings from not having to make newly dated master hubs each year.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2467831, member: 66"]At the time the law was passed our coins were still made of gold and silver and there was still a need for the accountability provided by the use of dates and mintmarks. Today they are not needed but remain because one the law has never been repealed, and two simple tradition. Since dies wear out and have to be replaced anyway the only saving on die expense would be for the new creation of a single master hub for each denomination each year. Well a few more now because they now create a master hub for each denomination for each mint. So call it 16 hubs a year. Total savings about $5,000. And the master hubs wear out too so they'd have to be replaced about every 5 years so you would save maybe $20K over each 5 year period. BUT! They are always working/tweaking relief and other features to improve striking qualities, so most likely that master hub would still be changed at least every year or two. So your savings drops back down to the $5K to $10 range over each five year period. So in any case there really isn't any great savings from not changing the date each year. Now lets consider something else. Without that yearly date change you can kiss goodby the annual sales of mint and proof sets. After all why buy a set each year when you can't tell one years set from another? The income loss from that will GREATLY exceed any savings from not having to make newly dated master hubs each year.[/QUOTE]
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