Daily Archives: April 29, 2009
US Mint Halts 2009 Nickels and Dimes Production
The United States Mint has halted production of circulating 2009 Jefferson nickels and 2009 Roosevelt dimes for the rest of this year, according to the latest issue of Coin World. As the dime and nickel production graphs show, the stoppage creates historic, staggering low mintages for the two coins -- levels not seen since the 50s.
Coin Word's Paul Gilkes reports the US Mint made the announcement on April 23, and included details of a scale back in producing for other circulating coins, like the three remaining 2009 Lincoln Pennies.
It's not that the public or collectors dislike the new coins. Quite the opposite, in fact. Collector demand for 2009 circulating coinage is exceptionally high. It's all about the recession. It has, by itself, significantly eroded demand for new coins in every day transactions.