Comments on: The Slow Death of U.S. Circulating Coins http://www.coinnews.net/2008/09/25/the-slow-death-of-us-circulating-coins-4370/ CoinNews delivers breaking coin news, unique coin articles, coin news videos and free numismatic services for new and experienced coin collectors. Mon, 13 Feb 2012 22:25:46 +0000 hourly 1 By: Ryan Hackel http://www.coinnews.net/2008/09/25/the-slow-death-of-us-circulating-coins-4370/comment-page-1/#comment-4955 Ryan Hackel Fri, 26 Sep 2008 17:29:09 +0000 http://www.coinnews.net/?p=999#comment-4955 If you look at the mintage figures of pennies versus dimes from 1967 to 2007, you will see two different trends. Penny production grew steadily in the 1970s, plateaued in the 80s and 90s, and in this decade has fallen back to 1970s levels. Yet during that same time, dime production has generally continued to trend upward. If cashless transactions were really the culprit of diminishing coin usage, wouldn't the dime production trends mirror that of pennies? If you look at the mintage figures of pennies versus dimes from 1967 to 2007, you will see two different trends. Penny production grew steadily in the 1970s, plateaued in the 80s and 90s, and in this decade has fallen back to 1970s levels. Yet during that same time, dime production has generally continued to trend upward.

If cashless transactions were really the culprit of diminishing coin usage, wouldn’t the dime production trends mirror that of pennies?

]]> By: Derek http://www.coinnews.net/2008/09/25/the-slow-death-of-us-circulating-coins-4370/comment-page-1/#comment-4930 Derek Thu, 25 Sep 2008 21:00:59 +0000 http://www.coinnews.net/?p=999#comment-4930 People would use coins and currency more often if items were priced to make them easy to pay for in cash. For example, in a state with 6% sales tax, 94 cents plus tax would be exactly $1.00. People would use coins and currency more often if items were priced to make them easy to pay for in cash. For example, in a state with 6% sales tax, 94 cents plus tax would be exactly $1.00.

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