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Why such low mintages for America the Beautiful Quarters?
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<p>[QUOTE="onecenter, post: 1255937, member: 8703"]The US Mint mints coinage according to the needs of the Federal Reserve System and its member banks.</p><p><br /></p><p>During the period when the Statehood quarters were issued, coinage requirements were at all time highs due to a large economic expansion (except 2001-2002), and the alleged shrillness over computer collapse, colloquially called Y2K. Collector demand of coinage overall and Statehood quarters in particular was unusally high, as well. It was often estimated that 100 million people were collecting Statehood quarters. The series was very popular. I helped several non-collectors build a collection of the series for enjoyment.</p><p><br /></p><p>In addition to purchasing my annual proof, silver proof and uncirculated sets, I did what I usually have done with my collecting habits, I pulled every Statehood quarter I could from circulation. I accumulated 3200 of these quarters and then decided to stop due in part to a lack of continued interest and my desire to eliminate credit card debts and payoff my sports car loan early.</p><p><br /></p><p>As the economy began to slow down, coinage demand dropped by two-thirds and continues to be minted at far lower levels that four years ago.[/QUOTE]</p><p><br /></p>
[QUOTE="onecenter, post: 1255937, member: 8703"]The US Mint mints coinage according to the needs of the Federal Reserve System and its member banks. During the period when the Statehood quarters were issued, coinage requirements were at all time highs due to a large economic expansion (except 2001-2002), and the alleged shrillness over computer collapse, colloquially called Y2K. Collector demand of coinage overall and Statehood quarters in particular was unusally high, as well. It was often estimated that 100 million people were collecting Statehood quarters. The series was very popular. I helped several non-collectors build a collection of the series for enjoyment. In addition to purchasing my annual proof, silver proof and uncirculated sets, I did what I usually have done with my collecting habits, I pulled every Statehood quarter I could from circulation. I accumulated 3200 of these quarters and then decided to stop due in part to a lack of continued interest and my desire to eliminate credit card debts and payoff my sports car loan early. As the economy began to slow down, coinage demand dropped by two-thirds and continues to be minted at far lower levels that four years ago.[/QUOTE]
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Why such low mintages for America the Beautiful Quarters?
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